Common use of Futures or Forward Sales Clause in Contracts

Futures or Forward Sales. Except as provided in Sections 1.2.1(a), 1.2.2(a) and 1.2.3 above (with respect to sales of unprocessed gold and silver and sales of Minerals other than gold and silver), Gross Value shall be determined irrespective of any actual arrangements for the sale or other disposition of Minerals by Lessee, specifically including but not limited to forward sales, futures trading or commodities options trading, and any other price hedging, price protection, and speculative arrangements that may involve the possible delivery of gold, silver or other metals produced from Minerals.

Appears in 6 contracts

Samples: Purchase Agreement, Purchase Agreement (Brilliant Sands Inc), Purchase Agreement (Idaho North Resources Corp.)

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Futures or Forward Sales. Except as provided in Sections 1.2.1(a), 1.2.2(a) and 1.2.3 above (with respect to regarding sales of unprocessed gold and silver and sales of Minerals other than gold and silver), Gross Value shall be determined irrespective of any actual arrangements for the sale or other disposition of Minerals by LesseePayor, specifically including but not limited to forward sales, futures trading or commodities options trading, and any other price hedging, price protection, and speculative arrangements that may involve the possible delivery of gold, silver or other metals produced from Minerals.

Appears in 3 contracts

Samples: Agreement (Braden Technologies Inc), Property Option Agreement (Lincoln Gold Corp), Property Option Agreement (Lincoln Gold Corp)

Futures or Forward Sales. Except Etc. except as provided in Sections 1.2.1(a1.2.1 (a), 1.2.2(a1.2.2 (a), and 1.2.3. (a) and 1.2.3 above (with respect to regarding sales of unprocessed gold and silver and sales of Minerals other than gold and silver), Gross Value shall be determined irrespective of any actual arrangements for the sale or other disposition of Minerals by Lessee, specifically including but not limited to forward sales, futures trading or commodities options trading, and any other price hedging, price protection, and speculative arrangements that may involve the possible delivery of gold, silver silver, or other metals produced from Minerals.

Appears in 1 contract

Samples: Exploration and Mining Lease and Option to Purchase Agreement (Tombstone Exploration Corp)

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Futures or Forward Sales. Except as provided in Sections 1.2.1(a1.2.1 (a), 1.2.2(a1.2.2( a) and 1.2.3 above (with respect to regarding sales of unprocessed gold and silver and sales of Minerals other than gold and silver), Gross Value shall be determined irrespective of any actual arrangements for the sale or other disposition of Minerals by LesseePayer, specifically including but not limited to forward sales, futures trading or commodities options trading, and any other price hedging, price protection, and speculative arrangements that may involve the possible delivery of gold, silver or other metals produced from Minerals.

Appears in 1 contract

Samples: Mining Lease and Option to Purchase Agreement (Max Resource Corp.)

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