Applicable Spot Price definition
Applicable Spot Price means as described in section 1.2.
Applicable Spot Price means, for any refined gold or refined silver, the arithmetic average of the relevant daily quoted price for a relevant mineral over the previous 5 Business Days, which quoted price (a) for gold shall be the Reference Price (Gold), (b) for silver shall be the Reference Price (Silver), and (c) for all other minerals shall be the relevant LME official settlement quotation for such mineral, or if a price for the relevant mineral is not quoted by the LME, another generally accepted quotation for such mineral as identified by the Manager, acting reasonably.
Applicable Spot Price means the Gold Market Price or Silver Market Price, as applicable.
More Definitions of Applicable Spot Price
Applicable Spot Price means as described in section 9(a).