Affecting Precious Metals. The amount of Production Royalty payments on all Precious Metals subject to hedging transactions by Grantor shall be determined in the same manner as provided in Sections 2 and 3(a), with the understanding that the average monthly spot price shall be for the calendar month preceding the Delivery Month for such Precious Metals.
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Sources: Option to Purchase Agreement (Aurelio Resource Corp), Option to Purchase Agreement (Aurelio Resource Corp)
Affecting Precious Metals. The amount of Production Royalty payments to be ------------------------- paid on all Precious Metals subject to hedging transactions Hedging Transactions by Grantor shall be determined in the same manner as provided in Sections 2 and 3(a)Subsection 1.2, with the understanding and agreement that the average monthly spot price shall be for the calendar month preceding the Delivery Month for such calendar month during which Precious MetalsMetals subject to Hedging Transactions are shipped by Grantor to the Payor.
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