Payable Copper definition

Payable Copper has the meaning set forth in Section 7.2(a).

Payable Copper means 96.2% of any and all copper in whatever form or state that is mined, produced, extracted or otherwise recovered from the Tenements, including

Payable Copper. Payable Gold" and "Payable Silver" contained in Sections 8.1, 8.2 and 8.3, (2) the definitions of the term Quotational Period contained in Section 8.4, (3) the payment terms of Article 11, (4) the penalties contained in Section 9.4, (5) the discharging rates contained in Section 5.3, (6) the amount of dispatch and demurrage contained in Section 5.6, and (7) the definition of Contracts Criteria contained in Appendix "A" and the number of Reference Contracts recited in Section 9.2(i)(c) to be included in each of Buyer's and Seller's group of Reference Contracts used in determining the smelting charge, the Payable Copper refining charge and the price participation terms applicable to Part B Tonnage. All agreements reached as a result of such periodic review shall be reflected in a written amendment hereto signed by both Buyer and Seller reciting the settlement of the Commercial Terms which will be applicable for the ensuing period of five (5)

Examples of Payable Copper in a sentence

• In order to avoid any misunderstanding, the applicability of the Ceiling Smelting and Payable Copper Refining Charges shall not be predicated upon MMC’s receipt of a 13% simple return nor shall its applicability be limited to the recovery of amounts previously paid by Seller as Floor TC’s and RC’s.

• The only circumstance in which the Ceiling Smelting and Payable Copper Refining Charges shall not apply is in the event that the Floor TC’s and RC’s exceed the Ceiling Smelting and Payable Copper Refining Charges, and in such case, the Floor TC’s and RC’s shall apply notwithstanding the Ceiling Smelting and Payable Copper Refining Charges.

• The applicability and amount of the Ceiling Smelting and Payable Copper Refining Charges shall be determined on a shipment-by-shipment basis and reflected on Seller’s final invoice for each shipment of Concentrates hereunder during such period, whenever the Ceiling Smelting and Payable Copper Refining Charges are applicable.

• Quotational Period shall mean, with respect to Payable Copper in any portion of any shipment, the third calendar month following the month in which the Date of Arrival occurs, and with respect to Payable Gold and Payable Silver in any portion of any shipment, the Month of Scheduled Shipment.

• The combined weighted average figures reflected in the auditor's final report shall constitute the smelting charge, the Payable Copper refining charge and the price participation terms applicable to Part B Tonnage in each cargo of Concentrates delivered hereunder during the then current calendar year.

More Definitions of Payable Copper

Payable Copper shall have the meaning set forth in Section 8.1 of this Agreement.

Payable Copper means 96.55% of the full copper content (as ascertained by assay in accordance with Article 13) of each DMT of Concentrates, subject to a minimum deduction of 1.0 unit if the full copper content is greater than or equal to 24.0%; and if the full copper content is less than 24.0%, the term “Payable Copper” shall mean 96.55% of the full copper content subject to a minimum deduction of 1.1 units.

Payable Copper means, with respect to a Parcel, a percentage of the Reference Copper in such Parcel equal to:

Payable Copper means 96.2% of the Produced Copper (prior to any deduction in respect of any Offtaker Charges) contained in any Offtaker Delivery.

Payable Copper means, subject to Section 2.6, for each calendar month, Refined Copper in an amount equal to:

Payable Copper means Copper subject to the Rxxxxxxx Royalty or to any other Royalty Agreement for which cash payments are made to Royal Gold.

Payable Copper means: