Examples of Silver Bullion in a sentence
November 2, 2015 Purpose Multi-Strategy Market Neutral Fund Neuberger Berman Breton Hill ULC September 13, 2013 Purpose Credit Opportunities Fund Purpose Investment Partners Inc June 30, 2014 Purpose Gold Bullion Fund N/A October 10, 2018Purpose Silver Bullion Fund* N/A June 8, 2009Purpose Bitcoin ETF N/A February 23, 2021Purpose Ether ETF N/A April 19, 2021* Silver Administrators Ltd.
Payment of the Net Smelter Returns Royalty shall be due by the last day of the month following each calendar quarter in which Gold or Silver Bullion or Copper or Other Products are sold (the “Payment Date”).
For all other Products produced from the Royalty Property and sold other than as Gold Bullion or Silver Bullion or Copper (“Other Products”), Net Smelter returns shall be equal to (i) the actual sales price received by Grantor from the sale of Other Products to a smelter, refiner, processor, purchaser or other recipient of such products during a calendar quarter, less (ii) the Allowable Deductions permitted in Section 5(b) below.
All payments of Net Smelter Returns Royalty shall be accompanied by a detailed statement explaining the calculation thereof together with any available settlement sheets receiver by Grantor from the smelter, refiner or other purchaser of Gold or Silver Bullion or Copper or Other Products.
The dollar amount of the Net Smelter Returns Royalty due to Grantee for each calendar quarter shall be the product of: (i) the sum of the Net Smelter Returns for Gold and Silver Bullion for such quarter plus the Net Smelter Returns for Copper or Other Products for such quarter (ii) multiplied by the Royalty Percentage.
The mass of the Silver Bullion constituting the Trust Assets to be sold will vary depending on the amount of the Trust Fees and Expenses and the market price of the Silver Bullion constituting the Trust Assets at the time of such sale.
Conflict of Interest The Directors and Officers of Central Fund and of the Administrator may provide advisory, administration, investment management and other services to other entities and parties including certain of them who provide services to Central GoldTrust or Silver Bullion Trust which also acquire and hold bullion.
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The Manager, together with the Trust and Sprott Physical Silver Trust, announced on May 27, 2015 that they formally commenced offers to acquire all of the outstanding units of Central GoldTrust (“GTU”) and Silver Bullion Trust (“SBT”), respectively, on a Net Asset Value (“NAV”) to NAV exchange basis.
As compensation for custodial services rendered to the Trust with respect to the Silver Bullion and other Trust Property, the Silver Custodian and the Custodian shall be entitled to receive such fees as the Manager may approve from time to time pursuant to a separate written agreement with each of the Silver Custodian and the Custodian.