Precious Metals Sample Clauses
The 'Precious Metals' clause defines the terms and conditions related to the handling, ownership, and responsibilities concerning precious metals within a contract. Typically, this clause specifies what qualifies as a precious metal (such as gold, silver, or platinum), outlines procedures for delivery, storage, and valuation, and may address issues like insurance or loss. Its core function is to ensure both parties have a clear understanding of their rights and obligations regarding precious metals, thereby reducing the risk of disputes and providing clarity in transactions involving these valuable materials.
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Precious Metals. The Fund shall, with respect to precious metal deposits, instruct the Custodian to enter into a written agreement to direct the Delegate to hold such precious metals on an allocated or on an unallocated basis in accordance with the terms of this Delegation Agreement. Accordingly, the Custodian shall enter into a written agreement to direct the Delegate to be responsible for exercising reasonable care in the administration of such accounts, and to the extent that the Fund has appointed the Custodian to direct the Delegate to act as foreign custody manager pursuant to the provisions of Rule 17f-5, the Custodian shall direct the Delegate to comply with its responsibilities thereunder. Allocated Precious Metal(s) shall mean any and all gold, silver, platinum or palladium and any other metals maintained in any account with an Eligible Foreign Custodian or its agents in the name of the Custodian or its Delegate for the Fund. Unallocated Precious Metal(s) shall mean any and all gold, silver, platinum or palladium and any other metals maintained in any account with an Eligible Foreign Custodian or its agents in the name of the Custodian or the Delegate for its customers generally.
Precious Metals. A Fund may, upon Special Instructions, direct the Custodian to appoint, or instruct the Domestic Subcustodian to appoint, a depository for the safekeeping and storage of gold, silver, platinum and other precious metals (“Precious Metals”) on behalf of such Fund.
Precious Metals. Should the price of precious metals or rare earth materials increase from the cost in effect at the time of establishment of product pricing, ALLEGRO reserves the right to invoke price adjustments to compensate for such increases.
Precious Metals. First London Market fixing price (LBMA) or London Platinum and Palladium Market (LPPM) for the described Precious Metal, to be chosen at the sole discretion of GoldSilver Central Private Limited.
Precious Metals. The Payor shall pay the Royalty for each shipment of Precious Metals either (a) in the form of gold bullion (.995+ fine gold) directly to Franco's account maintained with the Payor as directed by Franco, or (b) by delivery of a cheque or draft payable to Franco's account with a bank to be designated in writing by Franco. In the event Franco instructs the Payor to deliver the Royalty in the form of gold bullion, the Royalty payable on silver or platinum group metals shall be converted to the gold equivalent of such silver or platinum group metals by using the average monthly spot prices for Precious Metals described in Section 4.1.
Precious Metals. With respect to precious metals produced from the Project, each Party shall be entitled to take its proportionate share of the production in-kind, such share being based on each Party’s Participating Interest at the time such precious metals are produced. Each Party shall take delivery of its share at the refinery where the final product is produced. Thereafter, each Party shall be free to market its respective share of such precious metals at its sole discretion.
Precious Metals. With respect to Products containing precious metals, unless otherwise specifically agreed to in writing, the following sales conditions shall also apply: (a) all metal accounts established or maintained by Seller shall be subject to Seller's Metal Account Terms and Conditions, the current form of which appears on each metal account statement; (b) payment for precious metals shall be cash in advance; (c)the precious metal contained in such Products shall be priced in accordance with the Engelhard Fabricated Products Price next published by Seller following the date the metal is shipped or credited to Buyer’s metal account; (d) Seller shall have the right at any time without notice to set off any liability (whether to
Precious Metals. BMS shall pay to EDNLP the Precious Metals charges at the agreed-to unit cost for Precious Metals and the agreed-to consumption levels in ▇▇▇▇ ounces per ton Nitric Acid produced at the Nitric Acid Facility set forth in Section 4.2(B)(1) herein. Within fifteen (15) days after completion of fabrication of the replacement gauze, EDNLP will issue a debit or credit to BMS for: (i) the difference of the actual unit cost versus the agreed to unit cost for replacement metals; (ii) for the actual consumption quantities of Precious Metals; and (iii) for the Precious Metals cost and consumption quantities applicable to the sale of Surplus Nitric Acid as as described more fully in Section 5.1(A) herein.
Precious Metals. For orders for products containing precious metals, the precious metals shall be supplied by the Company to UOP and the additional terms and conditions set out in UOP’s proposal in relation to such precious metals shall apply in addition to these terms and conditions. Publicity. Neither Party will issue any press release or make any public announcement relating to the subject matter of this Agreement without the prior written approval of the other Party, except that either Party may make any public disclosure it believes in good faith is required by applicable law or any listing or trading agreement concerning its or its affiliates' publicly traded securities. Notwithstanding the foregoing, if either Party, or a third party, makes a public disclosure related to this Agreement that is false or damaging to a Party, the aggrieved Party will have the right to make a public response reasonably necessary to correct any misstatement, inaccuracies or material omissions in the initial and wrongful affirmative disclosure without prior approval of the other Party. Neither Party will be required to obtain consent pursuant to this section for any proposed release or announcement that is consistent with information that has previously been made public without breach of its obligations under this clause. Notwithstanding the foregoing, UOP may list Company and its logo as a customer on Honeywell’s website and in marketing materials.
Precious Metals. Upon receipt of Proper Instructions from the Trust, the Custodian shall instruct, by tested telex, a subcustodian appointed pursuant to Section 3 to pay for and receive precious metals purchased for the account of a Fund only upon receipt of precious metals by such subcustodian for the account of such Fund. Upon receipt of Proper Instructions from the Trust, the Custodian shall instruct, by tested telex, a Subcustodian appointed pursuant to Section 3 to make delivery of precious metals which has been sold for the account of a Fund, but only against receipt of cash proceeds by the Bank for the account of the Fund.