Streaming Agreement definition
Examples of Streaming Agreement in a sentence
For greater certainty Receipts shall not be based on any revenues from an upfront deposit and/or payment pursuant to a Refined Product Streaming Agreement.
Some Streaming Agreements provide that the Purchaser may assign all or part of the Streaming Agreement without notice to the operator once the deposit has been paid to the operator.
A Streaming Agreement may require delivery of actual metal (e.g., gold or silver bars) or, more typically, a credit to the Purchaser’s metal account.
In Canada, the agreement will generally be required to be filed (although redaction of sensitive information is permitted) if the transaction is material to the company and the agreement is not entered into in the ordinary course of business.12 Usually, a Royalty Agreement or Streaming Agreement is not entered into “in the ordinary course of business” for a mining company, but it would be “entered into in the ordinary course of business” for a streaming or royalty company.
If a Royalty Agreement or Streaming Agreement provides for periodic reporting of financial or project information to the Royalty Holder or Purchaser or site visits by the Royalty Holder or Purchaser, the agreement should contain confidentiality provisions, prohibiting the Royalty Holder or Purchaser, as the case may be, from disclosing such non-public information to third parties.