Refined Silver definition

Refined Silver means marketable metal bearing material in the form of silver bars or coins that is refined by an accredited refiner that is on the LBMA’s Good Delivery List to a minimum 999 parts per 1,000 fine silver and that otherwise meets the LBMA’s Good Delivery Rules.

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Refined Silver means all and any refined silver bullion produced, derived or resulting from Unrefined Silver originating from the Properties or any portion thereof;

Refined Silver means silver produced from ore mined from the Royalty Properties that is refined to meet or exceed generally accepted commercial standards for the “good delivery” of silver bullion on the U.S. or London commodity exchanges.

Examples of Refined Silver in a sentence

• All costs and expenses pertaining to each delivery of Refined Silver and Refined Gold shall be borne by the Supplier.

• Delivery shall be deemed to have occurred at the time Refined Silver is credited to the SWC Account (the “Time of Delivery”).

• The obligation to pay the Royalty shall accrue upon the outturn of Refined Gold or Refined Silver to the account of Producer or its Affiliates (or to a third-party account for the benefit of Producer or such Affiliate), or upon the sale of other Mineral Products as provided in clause (c) of the definition of Gross Value in Article 1 above.

• Any amount of Refined Silver not delivered by a Party when due, or set off and withheld against any non-payment by a Party, shall be valued at the Market Price as of the first trading day that such amount of Refined Silver became deliverable.

• The Seller shall convey and transfer the Refined Gold and Refined Silver to the Lender with good and marketable title thereto, free and clear of all Encumbrances and adverse claims of any nature or description.

• STB shall not be obligated, and it is not the intention of STB, to sell and deliver to SWC Refined Silver resulting from silver mined, produced, extracted or otherwise recovered from the Mining Properties.

• Title to, and risk of loss of, Refined Silver and Refined Gold shall pass from the Supplier to Silver Wheaton at the Time of Delivery.

• Promptly following the Buyer’s delivery of a Purchase Notice to the Seller, the Seller shall effect delivery of any ounces of Refined Gold or Refined Silver purchased by the Buyer pursuant to this subsection in accordance with Section 5 hereof and the Buyer shall make payment for such ounces in accordance with Section 6 hereof.

• Within *[REDACTED] of receipt of the Production Notice, the Buyer shall notify the Seller in writing if the Buyer shall exercise its right to purchase such Refined Gold or Refined Silver (a “Purchase Notice”); *[REDACTED].

• If outturn of Refined Gold or Refined Silver is made by an independent third-party refinery on a provisional basis, the Gross Value shall be based upon the amount of such provisional settlement, but shall be adjusted in subsequent statements to account for the amount of Refined Gold or Refined Silver established by final settlement by such refinery.

More Definitions of Refined Silver

Refined Silver means silver of a minimum 0.999 fineness in silver bars, conforming in all respects with the specification for “Good Delivery Silver Bars” under the “Good Delivery Rules”, as published by the London Bullion Market Association from time to time;

Refined Silver means refined silver meeting or exceeding the current specifications for refined silver published by Handy & Harman;

Refined Silver has the meaning set out in the recitals of this Agreement.

Refined Silver means refined silver meeting the good delivery requirements of the LBMA or, in the absence of such requirements, having a fineness of 999 parts per thousand;

Refined Silver means marketable metal-bearing material in the form of silver that is refined to standards meeting or exceeding LBMA 'Good Delivery' standards (or such other commercial standard agreed between the parties from time-to-time) for the sale of refined silver.

Refined Silver means refined silver meeting the good delivery requirements of the LBMA or, in the absence of such requirements, having a fineness of 999 parts per thousand;