Silver Payment definition

Silver Payment means, with respect to any particular Parcel, the product of the Payable Silver and the Payable Silver Price applicable to such Parcel as determined pursuant to Section 7.4.
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Silver Payment means (i) with respect to Minerals purchased by an Offtaker from a Primero Entity or any of their Affiliates, the receipt by any Primero Entity or any of their Affiliates of payment or other consideration from the Offtaker in respect of any Produced Silver; and (ii) with respect to Minerals refined, smelted or otherwise beneficiated by an Offtaker for or on behalf of a Primero Entity or any of their Affiliates, the receipt by a Primero Entity or any of their Affiliates of Refined Silver in accordance with the applicable Mineral Offtake Agreement.
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Silver Payment has the meaning specified in Section 2.1.
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Examples of Silver Payment in a sentence

  • Notwithstanding the termination of the Deferred Payments Agreement pursuant to Section 1 hereof, Sumitomo hereby agrees to make the Quarterly Silver Payment and the Quarterly Zinc Payment for the quarter ended June 30, 2008 (together, the “Second Quarter Payment”) in accordance with the terms set forth in Article II and Article III, respectively, of the Deferred Payments Agreement.

  • If the silver content of a Parcel is less than *[Redacted]* g/DMT there will be no Silver Payment with respect to such Parcel.

  • If Sumitomo fails to make a Silver Payment or Quarterly Zinc Payment (the unpaid portion thereof, an “Unpaid Amount”) on the date such payment is due and payable (the “Payment Date”), then, commencing on the Payment Date and continuing until such Unpaid Amount (together with accrued interest thereon) is paid in full, the unpaid portion of the Unpaid Amount shall bear interest, calculated daily (computed on the actual days elapsed over a year of 360 days), at the Default Rate.

  • Nothing in this Chapter shall prevent the Parties from seeking or providing assistance to one another pursuant to other bilateral or multilateral agreements or arrangements.

  • To the extent the Unpaid Amount is a Silver Payment made in Silver Bullion pursuant to Section 2.3, interest shall accrue based upon the amount of the Quarterly Silver Payment that would otherwise have been due on the Payment Date.

  • If the silver content of a Parcel is less than [**] g/DMT there will be no Silver Payment with respect to such Parcel.

  • The Parties acknowledge and agree that the determination of the Silver Payment for any Payment Quarter may, in part, be based upon “provisional payments” made in accordance with the applicable Sales Agreements for which “final payment” has not been determined prior to the end of such Payment Quarter.

  • In accordance with the foregoing, if a Silver Payment Adjustment Event occurs, then Apex Sweden shall promptly provide Sumitomo written notice of same (a “Silver Payment Adjustment Notice”).

  • The Silver Payment Adjustment Notice shall set forth (a) the amount by which the Sumitomo Payable Silver for such Payment Quarter was either reduced or increased and (b) the Dollar value of such adjusted amount (the “Silver Adjustment Amount”).

  • The foregoing may result in a necessary adjustment of the actual Payable Silver applicable to a shipment used in the calculation of the Payable Silver for a Payment Quarter and as such, an adjustment in the Silver Payment for such Payment Quarter may be necessary (a “Silver Payment Adjustment Event”).