Payable Gold definition

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

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 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 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 97.5% 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 97.0% of such full gold content with no minimum deduction.”

Payable Gold means in relation to any Payment Period, the number of ounces of gold contained in any Product produced by, derived from or processed by the Oxidos Operations during such Payment Period;

Payable Gold. The obligations to deliver the gold ounces herein provided shall continue and shall survive the termination of this Agreement for any reason.

Payable Gold in each DMT of Concentrate sold hereunder shall be (i) [REDACTED – Commercially Sensitive Information.], (ii) [REDACTED – Commercially Sensitive Information.]; provided however that, if the Purchasers’ Agent can reasonably demonstrate to Seller that the contractual terms relating to the payability of gold (including deductions) applicable to its sales to a Receiving Works to which a Parcel of Concentrates is destined differ from those set out in this Section 6.3(a), such payability terms shall apply and shall be the Payable Gold for the purposes of this Agreement. In negotiating sales terms for a Parcel of Concentrate, the Purchasers’ Agent shall use their commercially reasonable efforts to negotiate payability terms consistent with this Section 6.3(a), and shall not negotiate different payability terms in exchange for other preferential contractual terms.

Payable Gold means (a) 8.0% of the Produced Gold (prior to any Offtaker Charges) contained in any Offtaker Delivery reduced in accordance with the requirements set out in Schedule C, until such time as 279,908 ounces of Refined Gold have been delivered in the aggregate to Purchaser under this Agreement, and (b) thereafter, Payable Gold shall mean 4.0% of the Produced Gold (prior to any Offtaker Charges) contained in any Offtaker Delivery reduced in accordance with the requirements set out in Schedule C;