Refined Silver definition
Refined Silver means marketable metal bearing material in the form of silver bars or coins that is refined by an accredited refiner that is on the LBMA’s Good Delivery List to a minimum 999 parts per 1,000 fine silver and that otherwise meets the LBMA’s Good Delivery Rules.
Refined Silver means all and any refined silver bullion produced, derived or resulting from Unrefined Silver originating from the Properties or any portion thereof;
Refined Silver means silver produced from ore mined from the Royalty Properties that is refined to meet or exceed generally accepted commercial standards for the “good delivery” of silver bullion on the U.S. or London commodity exchanges.
Examples of Refined Silver in a sentence
Such First Payment and the amount of Refined Gold, Refined Silver or cash, as the case may be, shall be determined with respect to the Royalty from Minerals produced from the Property from and after the Effective Date (including with respect to Minerals extracted prior to that date).
The basic objective of such selection shall be to secure the continuity of fair market pricing of Refined Gold, Refined Silver or such other commodity.
More Definitions of Refined Silver
Refined Silver means silver of a minimum 0.999 fineness in silver bars, conforming in all respects with the specification for “Good Delivery Silver Bars” under the “Good Delivery Rules”, as published by the London Bullion Market Association from time to time;
Refined Silver means refined silver meeting the good delivery requirements of the LBMA or, in the absence of such requirements, having a fineness of 999 parts per thousand;
Refined Silver has the meaning set out in the recitals of this Agreement.
Refined Silver means refined silver meeting or exceeding the current specifications for refined silver published by Handy & Harman;
Refined Silver means marketable metal-bearing material in the form of silver that is refined to standards meeting or exceeding LBMA 'Good Delivery' standards (or such other commercial standard agreed between the parties from time-to-time) for the sale of refined silver.
Refined Silver means refined silver meeting the good delivery requirements of the LBMA or, in the absence of such requirements, having a fineness of 999 parts per thousand;