Payable Gold definition

Payable Gold shall have the meaning assigned to it in Section 7.03.

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Payable Gold means 22,248 ounces of Refined Gold.

Payable Gold means Refined Gold in an amount equal to 8.33%, which percentage will increase proportionately with any increase in the amount of the Deposit to a percentage not to exceed 10%, of the Produced Gold in respect of which any Banro Group Entity receives a Gold Payment occurring during the Term, as determined in accordance with Sections 2.1(b) and 2.1(c) .

Examples of Payable Gold in a sentence

This Agreement shall terminate immediately upon the delivery of all the Payable Gold.
Any payment or delivery of Payable Gold not made by a Party on or by any applicable payment referred to in this Agreement shall incur interest from the due date until such payment or delivery is paid or made in full at a per annum rate equal to the [Redacted] on the due date, calculated and compounded monthly in arrears.
Title to, and risk of loss of, the Payable Gold shall pass from the Seller to the Purchaser at the Time of Delivery.
The Seller acknowledges that the Purchaser intends to engage a selling agent that will take delivery of the Payable Gold on behalf of the Purchaser for purposes of monetizing the Payable Gold.
All costs and expenses pertaining to each delivery of the Payable Gold to the Purchaser, including such selling arrangements, shall be borne by the Seller so long as the Purchaser’s accounts are in customary locations in United Kingdom, Switzerland or South Africa.

More Definitions of Payable Gold

Payable Gold shall have the meaning set forth in Section 8.2 of this Agreement.

Payable Gold means a number of ounces of Refined Gold that is equal to Reference Gold multiplied by the Gold Entitlement Percentage.

Payable Gold shall have the following meaning: If the full gold content (as ascertained by assay in accordance with Article 13) of each DMT of Concentrates is ≥ 40 grams per DMT then the term “Payable Gold” shall mean 97.50% of such full gold content with no minimum deduction; if the full gold content (as ascertained by assay in accordance with Article 13) of each DMT of Concentrates is < 40 grams per DMT and ≥ 20 grams per DMT then the term “Payable Gold” shall mean 97.25% of such full gold content with no minimum deduction; and if the full gold content (as ascertained by assay in accordance with Article 13) of each DMT of Concentrates is < 20 grams per DMT then the term “Payable Gold” shall mean 97.00% of such full gold content with no minimum deduction.”

Payable Gold means 100% of the Produced Gold (prior to any Offtaker Charges) contained in any Offtaker Delivery multiplied by the payable percentage set out in Schedule I applicable to the form of Produced Gold comprising such Offtaker Delivery.

Payable Gold means:

Payable Gold means Refined Gold in an amount equal to: (i) during the Fixed Delivery Period, the Fixed Deliveries, and (ii) following the Fixed Delivery Period and for the remainder of the Term, 6.0% of the Produced Gold in respect of which any Teranga Group Entity receives a Gold Payment occurring during the Term, as determined in accordance with Section 2.1(b).

Payable Gold means the Tranche 2 Payable Gold and the Tranche 3 Payable Gold.