Common use of Provisional Settlements Clause in Contracts

Provisional Settlements. Where the outturn of treated metals or a sale of other Products (including an insurance settlement in respect of a Loss) is made on a provisional basis, the amount of the Gross Overriding Royalty payable will be based upon the amount of metal or other Products or the value of the Loss credited by such provisional settlement, but will be adjusted to account for the amount of metal or other Products or the value of the Loss established by final settlement with the treatment facility or with the purchaser or insurer of other Products, as the case may be.

Provisional Settlements. Where the outturn of treated metals or a sale of other Products Sale (including an insurance settlement in respect of a Loss) is made on a provisional basis, the amount of the Gross Overriding Royalty payable will be based upon the amount of metal or other Products or the value of the Loss credited by such provisional settlement, but will be adjusted to account for the amount of metal or other Products or the value of the Loss established by final settlement with the treatment facility or with the purchaser or insurer of other Products, as the case may be.

Provisional Settlements. Where the outturn of treated metals or a sale Sale of other Products (including an insurance settlement in respect of a Loss) is made on a provisional basis, the amount of the Gross Overriding Royalty payable will be based upon the amount of metal or other Products or the value of the Loss credited by such provisional settlement, but will be adjusted to account for the amount of metal or other Products or the value of the Loss established by final settlement with the treatment facility or with the purchaser or insurer of other Products, as the case may be.