PASSING OF TITLE. Title to, and risk of loss of, Refined Gold shall pass from the Seller to the Buyer at the Time of Delivery. The Seller represents, warrants and covenants to the Buyer that, immediately prior to each Time of Delivery: (i) it will be the legal and beneficial owner of the Refined Gold credited or physically allocated to the designated metal account of the Buyer; (ii) it will have good, valid and marketable title to such Refined Gold; and (iii) such Refined Gold will be free and clear of all Encumbrances.
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Sources: Gold Purchase Agreement (Klondex Mines LTD), Gold Purchase Agreement (Klondex Mines LTD), Gold Purchase Agreement (Klondex Mines LTD)
PASSING OF TITLE. Title to, to and risk of loss of, of or damage to Refined Gold shall pass from the Seller to the Buyer at the Time Purchasers upon Delivery of Deliverysuch Refined Gold. The Seller represents, represents and warrants to and covenants to the Buyer with each Purchaser that, immediately prior to at each Time of DeliveryDelivery Time:
(ia) it will be the sole legal and beneficial owner of the Refined Gold credited or physically allocated to the designated metal account of the BuyerPool Accounts;
(iib) it will have good, valid and marketable title to such Refined Gold; and
(iiic) such Refined Gold will be free and clear of all Encumbrances.
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