Where C equals Sample Clauses

Where C equals. If the spot price of gold is $1,800 or less, $0.00 If the spot price of gold is $1,800.01 or greater, $0.50*((the gold price - 1,800) / 100) For the purposes of determining the ESCALATOR PAYMENT AMOUNT contemplated in this Section, “spot price of gold” shall mean on the applicable date, the average of the gold price (Au) pm fix, during the last ten (10) consecutive days prior to the date on which the payment should be made, as determined by the London Bullion Market in US dollars.
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