Bullion Value definition

Bullion Value means the sum of (i) the number of xxxx ounces of Gold Bullion returned or credited by the refinery to 777 during the Applicable Period multiplied by the average selling price during such period plus (ii) the number of xxxx ounces of Silver Bullion returned or credited by the refinery to 777 during the Applicable Period multiplied by the average London Silver Market Fixing Ltd. closing market quotation during such period. The average price for the Applicable Period shall, in each case, be determined by dividing the sum of all daily prices posted during such period by the number of days that prices were posted. The posted price shall be obtained from The Wall Street Journal, Reuters, or other reliable source. If either the London Gold Market Fixing Ltd. P.M Fixing or the London Silver Market Fixing Ltd. Fixing ceases to be published, the parties shall agree upon a similar alternative method for determining the average daily spot market price for gold or silver, as the case may be, or upon failure to so agree, the average of the daily calculated spot COMEX closing price during such period, as determined by Amnor, shall be used. D. "Bullion" means gold or silver bullion refined to a form that meets good delivery standards in the London Bullion Market, or comparable terminal market. E. "Commercial Production" shall mean the production of Valuable Minerals in commercial quantities and grades after 777 has begun continuous mining operations on the Property. F. "Net Smelter Return" shall mean the following for the applicable year: (a) For Gold and Silver Bullion refined and returned from a refinery to 777 during an applicable period, Net Smelter Return shall be deemed to be the Bullion Value less: (i) Refining Costs, (ii) Selling and Delivery Costs and (iii) Taxes. (b). For Other Products, Net Smelter Return shall mean the amount of Revenues actually received by 777 less: (i) Refining Costs, (ii) Selling and Delivery Costs and (iii) Taxes. G. "Other Products" means any ores, concentrates, precipitates, cathodes, xxxxx solutions or any other primary, intermediate or final product or any other mineral substance other than Gold and Silver Bullion obtained from substances mined and removed from the Property. H. "Refining Costs" means all costs and expenses of smelting and refining, including without limitation, all costs of assaying, sampling, custom-smelting and refining, all independent representative and umpire charges, and the costs of transporting the material c...
Sample 1
Bullion Value means the sum of (i) the number of troy ounces of Gold Bullion returned or credited by the refinery during the calendar quarter multiplied by the average London Bullion Brokers P.M. Gold Fix during such calendar quarter; plus (ii) the number of troy ounces of Silver Bullion returned or credited by the refinery during the calendar quarter multiplied by the average closing market quotation for the Handy & Harman base price for Silver during such calendar quarter that such bullion is returned or credited to the Payor or its Affiliates. The average price for the calendar quarter shall be determined by dividing the sum of all daily prices posted during the calendar quarter by the number of days that prices were posted. The posted price shall be obtained from The Wall Street Journal, Reuters, or other reliable source. If either the London Bullion Brokers P.M. Gold Fix or the Handy & Harman base price for Silver ceases to be published, the parties shall agree upon a similar alternative method for determining the average daily spot market price for gold or silver, as the case may be, or upon failure to so agree, the average of the daily calculated spot COMEX closing price during such period, as determined by the Payor, shall be used.
Sample 1
Bullion Value in any quarter means the product of (i) the number of xxxx ounces of Gold Bullion refined from Product and returned or credited to the Owner or its affiliates by the applicable refinery or refineries during that quarter, multiplied by (ii) the Average Gold Price during that quarter;
Sample 1

Examples of Bullion Value in a sentence

  • For Gold and Silver Bullion refined from Products and returned from a refinery (whether belonging to the Payor, its Affiliates or a third party) to the Payor, its Affiliates or to their account during an applicable calendar quarter, Net Smelter Return shall be deemed to be the Bullion Value less: (a) Refining Costs and (b) Taxes.

  • The market prices of Cryptobontix tokens are determined through a three-part valuation system:• Part 1 - Bullion Value: The spot price of the bullion that backs each token.• Part 2 - Cryptocurrency Mining: The earnings per day generated by the cryptocurrency mining efforts that backs each token.• Part 3 – Market Demand: The synchronous value being set by those that freely trade, hold, and use the tokens.


More Definitions of Bullion Value

Bullion Value means the sum of (i) the number of xxxx ounces of Gold Bullion returned or credited by the refinery during the calendar quarter multiplied by the average London Bullion Brokers P.M. Gold Fix during such calendar quarter; plus (ii) the number of xxxx ounces of Silver Bullion returned or credited by the refinery during the calendar quarter multiplied by the average closing market quotation for the Handy & Xxxxxx base price for Silver during such calendar quarter that such bullion is returned or credited to the Payor or its Affiliates. The average price for the calendar quarter shall be determined by dividing the sum of all daily prices posted during the calendar quarter by the number of days that prices were posted. The posted price shall be obtained from The Wall Street Journal, Reuters, or other reliable source. If either the London Bullion Brokers P.M. Gold Fix or the Handy & Xxxxxx base price for Silver ceases to be published, the parties shall agree upon a similar alternative method for determining the average daily spot market price for gold or silver, as the case may be, or upon failure to so agree, the average of the daily calculated spot COMEX closing price during such period, as determined by the Payor, shall be used.
Sample 1
Bullion Value means the aggregate value of the ounces of gold and silver bullion received by Kinross during the Interim Period from the Xxxxxxxxxxx Joint Venture and the Porcupine Joint Venture, such value calculated on each day that credits are made to the Kinross metals accounts, by multiplying the ounces credited to the Kinross metals account for each Joint Venture by the London PM Gold Fix and London PM Silver Fix, as published by the London Bullion Market Association on such day;
Sample 1

Related to Bullion Value

  • Transaction Value means the actual contract value (the bid sum or price) in South African currency, inclusive of all applicable taxes in respect of the goods, services or construction works that are contracted for.

  • Option Value means the value of an Option based on the Black and Scholes Option Pricing model obtained from the “OV” function on Bloomberg determined as of the day prior to the public announcement of the applicable Option for pricing purposes and reflecting (i) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of the applicable Option as of the applicable date of determination, (ii) an expected volatility equal to the greater of (a) 100% and (b) the 100 day volatility obtained from the HVT function on Bloomberg as of the day immediately following the public announcement of the issuance of the applicable Option, (iii) the underlying price per share used in such calculation shall be the highest Weighted Average Price of the Common Stock during the period beginning on the day prior to the execution of definitive documentation relating to the issuance of the applicable Option and the public announcement of such issuance and (iv) a 360 day annualization factor.

  • Acquisition Value of the Common Stock means, for each Trading Day in the Valuation Period, the value of the consideration paid per share of Common Stock in connection with such Public Acquirer Change of Control, as follows:

  • Disposition Value means, at any time, with respect to any property

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Daily Option Value For any Valid Day, an amount equal to (i) the Option Entitlement on such Valid Day, multiplied by (ii) (A) the lesser of the Relevant Price on such Valid Day and the Cap Price, less (B) the Strike Price on such Valid Day; provided that if the calculation contained in clause (ii) above results in a negative number, the Daily Option Value for such Valid Day shall be deemed to be zero. In no event will the Daily Option Value be less than zero.

  • Capitalization Value means, at any time, the sum (without duplication) of:

  • RI Value means, in respect of a Reference Item and a ST Valuation Date, (i) the RI Closing Value for such Reference Item in respect of such ST Valuation Date, divided by (ii) the relevant RI Initial Value (expressed as a percentage).

  • Orderly Liquidation Value means the net amount (after all costs of sale), expressed in terms of money, which Agent, in its good faith discretion, estimates can be realized from a sale, as of a specific date, given a reasonable period to find a purchaser(s), with the seller being compelled to sell on an as-is/where-is basis.

  • Net Orderly Liquidation Value means, with respect to Inventory of any Person, the orderly liquidation value thereof as determined in a manner acceptable to the Administrative Agent by an appraiser acceptable to the Administrative Agent, net of all costs of liquidation thereof.

  • Contribution Value means the fair market value as reasonably determined by the General Partner of property (other than cash) contributed by a Partner to the Partnership (net of liabilities secured by such contributed property that the Partnership is treated as assuming or taking subject to pursuant to the provisions of Section 752 of the Code).

  • Liquidation Value With respect to the Business Combination Vote, the Company shall cause all of the Initial Stockholders to vote the shares of Common Stock owned by them immediately prior to this Offering in accordance with the vote of the holders of a majority of the IPO Shares. At the time the Company seeks approval of any potential Business Combination, the Company will offer each of holders of the Company's Common Stock issued in this Offering ("IPO Shares") the right to convert their IPO Shares at a per share price equal to the amount in the Trust Fund (inclusive of any interest income therein) on the record date ("Conversion Price") for determination of stockholders entitled to vote upon the proposal to approve such Business Combination ("Record Date") divided by the total number of IPO Shares. The Company's "Liquidation Value" shall mean the Company's book value, as determined by the Company and audited by BDO. In no event, however, will the Company's Liquidation Value be less than the Trust Fund, inclusive of any net interest income thereon. If holders of less than 20% in interest of the Company's IPO Shares vote against such approval of a Business Combination, the Company may, but will not be required to, proceed with such Business Combination. If the Company elects to so proceed, it will convert shares, based upon the Conversion Price, from those holders of IPO Shares who affirmatively requested such conversion and who voted against the Business Combination. Only holders of IPO Shares shall be entitled to receive liquidating distributions and the Company shall pay no liquidating distributions with respect to any other shares of capital stock of the Company. If holders of 20% or more in interest of the IPO Shares vote against approval of any potential Business Combination, the Company will not proceed with such Business Combination and will not convert such shares.

  • Knock-in Value means the Underlying Reference Value.

  • Termination Value means, in respect of any one or more Hedging Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Agreements, (a) for any date on or after the date such Hedging Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedging Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Agreements (which may include a Lender or any Affiliate of a Lender).

  • Gross Value means the wholesale price, or, if there be no such price, the estimated value, with, in either case, freight, landing charges, and duty paid beforehand; provided that, in the case of goods or merchandise customarily sold in bond, the bonded price is deemed to be the gross value. “Gross proceeds” means the actual price obtained at a sale where all charges on sale are paid by the sellers.

  • Excess valuation assets for a valuation period means:

  • Black Scholes Consideration Value means the value of the applicable Option, Convertible Security or Adjustment Right (as the case may be) as of the date of issuance thereof calculated using the Black Scholes Option Pricing Model obtained from the “OV” function on Bloomberg utilizing (i) an underlying price per share equal to the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the public announcement of the execution of definitive documents with respect to the issuance of such Option or Convertible Security (as the case may be), (ii) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the remaining term of such Option, Convertible Security or Adjustment Right (as the case may be) as of the date of issuance of such Option, Convertible Security or Adjustment Right (as the case may be), (iii) a zero cost of borrow and (iv) an expected volatility equal to the greater of 100% and the 30 day volatility obtained from the “HVT” function on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading Day immediately following the date of issuance of such Option, Convertible Security or Adjustment Right (as the case may be).

  • Worst Value means, in respect of a SPS Valuation Date, the lowest Underlying Reference Value for any Underlying Reference in the Basket in respect of such SPS Valuation Date.

  • Hedge Termination Value means, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements have been closed out and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the xxxx-to-market value(s) for such Hedge Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedge Agreements (which may include a Lender or any Affiliate of a Lender).

  • Redemption Value means, in respect of a Unit, the price per Unit at which such Unit is redeemed, calculated in accordance with the Trust Deed.

  • Securitization Value means, with respect to any 20[•]-[•] Lease, the value calculated by the Servicer equal to, (i) as of its Maturity Date, the Base Residual and (ii) as of any date other than its Maturity Date, the sum of the present value, discounted at the Securitization Rate, of (a) the aggregate Monthly Payments remaining to be made and (b) the Base Residual.

  • Coupon Valuation Date means the 30th of March, June, September and December of each calendar year during the term of the Securities, commencing September 30, 2010, or if such date is not an Index Business Day, then the first Index Business Day following such date, provided that the final Coupon Valuation Date will be the Calculation Date, subject to adjustment as provided under Section 3 hereof.

  • Conversion Value means, with respect to Convertible Capital Appreciation Bonds, the Accreted Value as of the Conversion Date.

  • Reference Value means the last reported sales price of the Ordinary Shares for any twenty (20) trading days within the thirty (30) trading-day period ending on the third trading day prior to the date on which notice of the redemption is given.

  • New value means (i) money, (ii) money's worth in property, services, or new credit, or (iii) release by a transferee of an interest in property previously transferred to the transferee. The term does not include an obligation substituted for another obligation.

  • Net Value has the meaning set forth in Section 1.68(a)(ii).