Payable Silver definition

Payable Silver means the number of ounces of Produced Silver contained in any delivery of Minerals to an Offtaker, less the number of ounces of silver deducted on account of the processing of such silver into Refined Silver, excluding any Offtaker Charges, for which number of ounces any Primero Entity (or their predecessors) or any of their Affiliates receives a Silver Payment.

Payable Silver has the meaning set forth in Section 7.4.

Payable Silver means 90% of any and all silver in whatever form or state that is mined, produced, extracted or otherwise recovered from the Tenements, including

Examples of Payable Silver in a sentence

• Subject to the confidentiality provisions of this Agreement, Primero and STB shall cause Newco to provide copies to SWC, and permit SWC and its authorized representatives to perform audits or other reviews and examinations from time to time, of Newco’s books, records and other information relevant to the production, delivery and determination of Payable Silver (including all Mineral Offtake Agreements) and to otherwise confirm compliance with the terms of this Agreement.

• The expenses of any audit or other examination permitted hereunder shall be paid by SWC, unless the results of such audit or other examination permitted hereunder discloses a discrepancy in the amount of Payable Silver of more than 5% between the books, records and other information reviewed by SWC and the quantity of Payable Silver contained in any Monthly Report, in which event the costs of such audit or other examination shall be paid by Primero and STB.

• After receiving this money, Mr. Stafford states that he suffered a “dramatic loss” due to the stock market crash in September 2001.

• General Administration – A decrease in expected legal expenditures that occurred after the original budget was adopted.

• Silver Wheaton agrees that it shall cause title to the twenty-five percent (25%) of the Payable Silver contained in each such shipment of Purchased Minerals to which it has acquired title to pass to the applicable Offtaker at such time as title to the remainder of the shipment of Purchased Minerals passes from Peñasquito to such Offtaker in accordance with the terms of the Mineral Offtake Agreement to which such Offtaker is a party.

More Definitions of Payable Silver

Payable Silver means 100% of the Produced Silver contained in each Offtaker Delivery occurring from and after the Effective Date until the termination of this Agreement (prior to any Offtaker Charges) reduced in accordance with the requirements set out in Schedule C.

Payable Silver means silver in respect of which Cobar receives or is entitled to receive (as agent for Coeur Australia) payment from a Counterparty.

Payable Silver shall have the meaning set forth in Section 8.3 of this Agreement.

Payable Silver means 100% of such full silver content less a 15 grams per DMT deduction; and if the full silver content (as ascertained by assay in accordance with Article 13) of each DMT of Concentrates is < 30 grams per DMT then the term “Payable Silver” shall mean zero percent (0%) of such full silver content (i.e. no payment).”

Payable Silver means the amount of silver (in xxxx ounces) equal to the amount of silver contained in the Concentrates for which payment is to be made to a seller in accordance with the terms of the applicable Sales Agreement.

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

Payable Silver in each DMT of Concentrate sold hereunder shall be (i) [REDACTED – Commercially Sensitive Information.], or (ii) [REDACTED – Commercially Sensitive Information.]; provided, however that, if the Purchaser’s Agent can reasonably demonstrate to Seller that the contractual terms relating to the payability of silver (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 6.4(a), such payability terms shall apply and shall be the Payable Silver 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 6.4(a), and shall not negotiate different payability terms in exchange for other preferential contractual terms.