Affecting Precious Metals. The amount of Royalty to be paid on all Precious Metals subject to hedging transactions by Operator shall be determined in the same manner as provided in Section 4.1, with the understanding that the average monthly spot price shall be for the calendar month during which Precious Metals subject to hedging transactions are delivered to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
Appears in 4 contracts
Samples: Royalty Purchase Agreement, Royalty Purchase Agreement (Dorato Resources Inc), Royalty Purchase Agreement (Dorato Resources Inc)
Affecting Precious Metals. The amount of Royalty to be paid on all Precious Metals subject to hedging transactions by Operator Grantor shall be determined in the same manner as provided in Section 4.1Sections 2 and 3(a), with the understanding that the average monthly spot price shall be for the calendar month preceding the calendar month during which Precious Metals subject to hedging transactions are delivered shipped by Grantor to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
Appears in 3 contracts
Samples: Exploration Earn in Agreement (Liberty Silver Corp), Minerals Lease and Agreement (Homeland Precious Metals Corp.), Mining Lease and Sublease (Quincy Resources Inc)
Affecting Precious Metals. The amount of Production Royalty to be paid on all Precious Metals subject to hedging transactions by Operator BUYER shall be determined in the same manner as provided in Section 4.1section 9(a), with the understanding and agreement that the average monthly spot price shall be for the calendar month preceding the calendar month during which Precious Metals subject to hedging transactions are delivered shipped by BUYER to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
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Affecting Precious Metals. The amount of Royalty to be paid on all Precious Metals subject to hedging transactions Hedging Transactions by Operator GRANTOR shall be determined in the same manner as provided in Section 4.1section 1.2, with the understanding and agreement that the average monthly spot price shall be for the calendar month preceding the calendar month during which Precious Metals subject to hedging transactions Hedging Transactions are delivered shipped by GRANTOR to or credited to the account or benefit of Operator, whichever first occurs, by the Payor.
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