Gold Price definition
Gold Price means, with respect to any day, the afternoon per ounce gold fixing price in U.S. dollars quoted by the London Bullion Market Association for Refined Gold on such day or, if such day is not a trading day, the immediately preceding trading day; provided that if, for any reason, the London Bullion Market Association is no longer in operation, or if the price of Refined Gold is not confirmed, acknowledged by or quoted by the London Bullion Market Association, the Gold Price shall be determined by reference to the price of Refined Gold in a manner endorsed by the World Gold Council, failing which the Gold Price shall be determined by reference to the price of gold on a commodity futures exchange mutually acceptable to the Parties acting reasonably.
Gold Price means either the LBMA A.M. Gold Price or the LBMA P.M. Gold Price.
Gold Price means, with respect to any day, the afternoon per ounce London Bullion Market Association Gold Price in U.S. dollars quoted by the London Bullion Market Association (currently in partnership with ICE Benchmark Administration) for refined gold on such day or, if such day is not a trading day, the immediately preceding trading day.
Examples of Gold Price in a sentence
The Gross Value shall be determined by multiplying Gold Production during the month by the Monthly Average Gold Price.
Any amount of Refined Gold set off and withheld against any non-payment by a Party shall be valued at the Gold Price as of the first trading day that such amount of Refined Gold became payable to such Party.
At the time of payment of the royalty, Payor shall accompany such payment with a statement which shows in detail the quantities and grades of refined gold, silver or other metals or dore, concentrates or ores produced and sold or deemed sold by Payor in the preceding month; the Monthly Average Gold Price and Monthly Average Silver Price, as applicable; costs and other deductions, and other pertinent information in detail to explain the calculation of the payment with respect to such month.
The value of the Account Balance shall be determined on any day using the LBMA Gold Price PM, and if there is no such fix on such day, by the last LBMA Gold Price fix (AM or PM).
Minimum Gold Price Protection Example: Certified 99.99% Pure Gold is anticipated to be delivered at the Minimum Gold Price of $1,900/oz.
More Definitions of Gold Price
Gold Price means for the purposes of Section 4, the arithmetic mean average of the London Bullion Market Association’s, Afternoon Gold Fix, spot gold price in US
Gold Price means Monthly Average Gold Price as defined in Schedule “B” attached hereto;
Gold Price means the price per ounce equal to the average London p.m. gold price fix as published in The Wall Street Journal for the calendar quarter in which the royalty is payable;
Gold Price means, in respect of a Delivery Day, as determined by the Buyer (in its sole discretion) and notified to the Seller at or before 4.00pm (london time) two (2) Business Days prior to the applicable Delivery Day (such day the Gold Price Notification Day):
Gold Price the price of gold quoted in United States Dollars per ▇▇▇▇ ounce of gold;
Gold Price means, as at the applicable Payment Date, the greater of: (a) the Floor Price; and (b) the “London Gold Fix” price per ounce (in U.S. dollars) as of the 15th day of the month of such Payment Date (as the same is fixed at approximately 3:00 p.m. (London time) on such date by five market making members of the London Bullion Market Association in accordance with customary market practice).
Gold Price means the price per ounce equal to the average London Bullion Market Association afternoon gold price fix as published in The Wall Street Journal for the calendar quarter in which the royalty is payable. (f) “Net Smelter Returns” means: (i) in the case of gold or silver processed by a refinery, an amount equal to the number of ounces credited to MON by the refinery on the Final Settlement Date multiplied by the Gold Price in the case of ounces of gold credited to MON, or the Silver Price in the case of ounces of silver credited to MON, less Allowable Deductions; and (ii) in all other cases, the amount received by MON from the buyer of the Products (or, if such Products are deemed to be sold, an amount montos que representen las partidas enumeradas anteriormente en la medida que habrían sido sufragadas por MON si los Productos se hubieran vendido realmente. (b) “Inicio de la Producción Comercial” significa el 1 de abril de 2006. (c) “Fecha de Acuerdo Final” significa la fecha en la que el oro o la plata refinada esté disponible para MON. (d) “Productos de Oro y Plata” significan menas, minerales u otros productos comercialmente valiosos que contengan oro o plata extraídos de la mina de la Propiedad, en la inteligencia que esos productos contengan una combinación de oro o plata y otros metales o minerales comercialmente valiosos, se considerará que los Productos de Oro y Plata abarcan únicamente esa fracción de esos productos que represente el valor comercial proporcional del oro y la plata incluidos en esos productos, y la fracción restante de esos productos se considerará Productos (según ese término se define en el presente). (e) “Precio del Oro” significa el precio por onza equivalente al precio del oro de medio día de London Bullion Market Association establecido como se publica en el The Wall Street Journal para el trimestre calendario en el que se paga la regalía. (f) “Rendimientos de Fundición Netos” significa: (i) en el caso del oro o la plata procesada por una refinería, un monto equivalente al número de onzas acreditado a MON por parte de la refinería en la Fecha de Acuerdo Final multiplicado por el Precio del Oro en el caso de las onzas de oro acreditadas a MON, o el Precio de la Plata en el caso de las onzas de plata acreditadas a MON, menos las Deducciones Permisibles; y (ii) en todos los ▇▇▇▇▇ casos, el monto recibido por MON del comprador de los Productos (o, si los Productos se consideran