Examples of Refined Au in a sentence
In addition to the foregoing, if Sandstorm has not made any payment on or by the applicable payment date referred to in this Article 8 from and after the date that is 30 days following delivery by Brigus to Sandstorm of notice of such non-payment, then Brigus shall have the right to set off against any such non-payment (including interest) and withhold from future delivery to Sandstorm an amount of Refined Au equal in value to such non-payment (including interest).
In addition, Sandstorm shall be required to pay the Purchase Price on any amount of Refined Au set off and withheld by Brigus against any such non-payment by Sandstorm.
For the purposes of this section 8(k), any amount of Refined Au set off and withheld against any non-payment amount shall be valued at the per ounce price of Au in US dollars quoted by the London Bullion Market Association on the trading day immediately prior to the date that such amount of Refined Au would have been credited to the metal account of Sandstorm in accordance with this Article 8 but for such non-payment.
For a more detailed discussion, see the 2008 International Religious Freedom Report at 2009-2017.state.gov/j/drl/irf/rpt.
If Sandstorm Barbados shall not make an applicable payment for Refined Au in accordance with section 8(i) and such failure shall continue for a period of 30 days, Santa Fe Barbados shall have the right to set off as against future deliveries of Refined Au the amount of any such outstanding payment together with unpaid Default Interest thereon based on the Market Price applicable to the Refined Au being delivered and for which set off applies.
For the purposes of this section 8(j), any amount of Refined Au set off and withheld in respect of any non-payment amount shall be valued at the per ounce price of Au in US dollars quoted by the London Bullion Market Association on the trading day immediately prior to the date that such amount of Refined Au would have been credited to the metal account of Sandstorm in accordance with this Article 8 but for such non-payment.
Payable Au shall be deemed to have been made at the time Refined Au is credited to the Place of Delivery (the “Time of Delivery”).
In addition, Sandstorm shall be required to pay the Purchase Price on any amount of Refined Au set off and withheld by Metanor in respect of any such non-payment by Sandstorm.
For greater certainty and without limitation, the obligations to deliver and purchase Refined Au, Refined Pt and Refined Pd during the Term and the Extended Term, as the case may be, shall arise if, as and when there shall be Metal Payments.