Monthly Average Silver Price means the average New York Silver Price as published daily by Handy & Xxxxxx, calculated by dividing the sum of all such prices reported for the month by the number of days in such month for which such prices were reported. If the Handy & Xxxxxx quotations cease to be published, all such references shall be replaced with references to prices of silver for immediate sale in another established market selected by Payor as published in Metals Week magazine, and if Metals Week magazine no longer publishes such prices, the prices of such other association or entity generally accepted and recognized in the mining industry.
Monthly Average Silver Price means the average New York Silver Price as published daily by Handy & Xxxxxx for a xxxx ounce of refined silver of a quality that is equal to or less than the quality of refined silver produced from the ores and minerals meeting the standards applicable to the refined silver for which the Gross Value is to be determined hereunder, calculated by dividing the sum of all such prices reported for the calendar month in question by the number of days for which such prices were reported. In the event that the Handy & Xxxxxx quotation ceases or quotes prices for refined silver of a quality that is greater than the quality of refined silver for which the Gross Value is being determined hereunder, all such references shall be replaced with references to prices of silver of a comparable quality for immediate delivery in the most nearly comparable established market selected by Miranda as published in “Metals Week” or a similar publication.
Monthly Average Silver Price means the average London Bullion Market Association “P.M. Silver Fix” in United States dollars (or, should that quotation cease, another similar quotation acceptable to the Parties or, if they cannot agree, determined by arbitration hereunder), calculated by dividing the sum of all such prices reported for the Month by the number of days for which such prices were reported;
Examples of Monthly Average Silver Price in a sentence
The Gross Value shall be determined by multiplying Silver Production during the month by the Monthly Average Silver Price.
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 Gross Value shall be determined by multiplying Silver Production during the calendar month by the Monthly Average Silver Price.
The gross value of such Minerals shall be determined by multiplying the amount of such recoverable Minerals by the Monthly Average Silver Price, the Monthly Average Lead Price or the Monthly Average Zinc Price or the monthly average price for the applicable other Products (that are not Ag, Pb or Zn) as the case may be for the Month of such sale.
Payer shall deliver with each royalty payment a statement which shows in detail the quantities and grades of refined gold, silver or other metals or dore, concentrates, Minerals or ores produced from the Property sold or deemed sold by Payer 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.
More Definitions of Monthly Average Silver Price
Monthly Average Silver Price means the average closing Engelhard industrial bullion price for silver calculated by dividing the sum of all such prices reported for the applicable calendar month of calculation by the number of days for which such prices were reported, as reported in the Wall Street Journal in the table: “Cash Prices”. If the Engelhard quotation ceases to be made or published, all such references shall be replaced with references to prices of silver for immediate delivery in the most nearly comparable established market reasonably selected by Producer as published in “Metals Week” or a similar publication.
Monthly Average Silver Price means the average New York Silver Price as published daily by Handy & Xxxxxx, calculated by dividing the sum of all such prices reported for the calendar month by the number of days for which such prices were reported. If the Handy & Xxxxxx quotation ceases to be published, the Monthly Average Silver Price shall be determined by reference to prices for refined silver for immediate delivery in the most nearly comparable established market selected by Payor as published in "Metals Week" or a similar publication. (iii) If Payor sells refined metals (other than refined gold and refined silver), dore or concentrates produced from Valuable Minerals from the Claims, the Gross Returns for such refined metals shall be the proceeds actually received by Payor from their sale. If such sales are to an Affiliate, the refined metals, dore, or concentrates shall be deemed, solely for the purpose of computing Gross Returns, to have been sold at prices and on terms no less favorable to Payor than those which would have been received under similar circumstances from an unaffiliated third party. As used herein, "Affiliate" means any person, partnership, limited liability company, joint venture, corporation, or other form of enterprise which Controls, is Controlled by, or is under common Control with Purchaser, and "Control" means the ability, directly or indirectly through one or more intermediaries, to direct or cause the direction of the management and policies of such entity through (A) the legal or beneficial ownership of voting securities or membership interests; (B) the right to appoint managers, directors or corporate management; (C) contract; (D) operating agreement; (E) voting trust; or (F) otherwise.
Monthly Average Silver Price means [*].
Monthly Average Silver Price means, in respect of each calendar month, the average New York silver price as published daily by Handy & Harman, calculated by divixxxx xhe sum of all such prices reported for the calendar month by the number of days for which such prices were reported;
Monthly Average Silver Price will mean the average London Bullion Market Association P.M. Silver Fix, calculated by dividing the sum of all such prices reported for the month by the number of days for which such prices were reported;
Monthly Average Silver Price means the average New York Silver Price as published daily by Handy & Harman for a troy ounce of refined silver of a quality that is exxxx xo or lexx xhan the quality of refined silver produced from the ores and minerals meeting the standards applicable to the refined silver for which the Gross Proceeds are to be determined hereunder, calculated by dividing the sum of all such prices reported for the calendar month in question by the number of days for which such prices were reported. If the Handy & Harman quotation ceases or quotes prices for refined silver of a quaxxxx that is greater than the quality of refined silver for which the Gross Proceeds is being determined hereunder, all such references shall be replaced with references to prices of silver of a comparable quality for immediate delivery in the most nearly comparable established market selected by Producer as published in "Metals Week" or a similar publication.
Monthly Average Silver Price means the average London Bullion Market Association “P.M. Silver Fix” (or, should that quotation cease, another similar quotation acceptable to the Parties or, if they cannot agree, determined by arbitration hereunder), calculated by dividing the sum of all such prices reported for the Month by the number of days for which such prices were reported;