Payment Formula for the Extraction of Copper Sample Clauses

Payment Formula for the Extraction of Copper. ‌ The payment formula for the right to extract copper from the tailings contained in the Colihues Deposit is as follows: Where:
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Payment Formula for the Extraction of Copper. ‌ The payment formula for the right to extract copper from the Fresh Tailings is as follows: Where: · PCuBML: Cu Price on the London Metals Exchange (US$/lb) · Q: Quantity of Cu produced from Fresh Tailings (lb) · Te: extracted tonnage (t/month) · r: Participation of División El ▇▇▇▇▇▇▇▇ in the gross revenues of ▇▇▇▇▇▇ ▇▇▇▇▇ Central from the sale of copper concentrate extracted from the Fresh Tailings during any given period (monthly). It is measured as a [%] and defined for copper prices between the range of 195 to 480 cUS$/lb. The percentage will take into account the fourth decimal rounded from the fifth and applied as follows: If the monthly average price of copper is less than 195 or more than 480 cUS$/lb., during 2 consecutive months and projections indicate its permanence over time, a joint review will be required of all the economic parameters (production costs, administration expenses, refining, transport, maintenance, services, taxes, molybdenum credit, payment for the right of processing and projections of the price of copper), in order to ensure the participation of DET in the gross revenues of MVC arising from the sale of copper concentrate, establishing that: · When the situation is such that the copper price is below the lower limit (P Cu < 195 cUS$/lb), the participation of DET will be adjusted in the manner that permits MVC to remain in operation with an agreed upon margin. · When the situation is such that the copper price is above the higher limit (P Cu > 480 cUS$/lb), DET will seek the largest percentage possible, assuring that MVC continues in operation with an agreed upon margin. In reaching agreement on the foregoing, the Parties will give priority to the viability of this Agreement, always maintaining the equilibrium of the benefits between the Parties. For this purpose, the Parties set as a maximum for agreement on the new formula a period of 90 calendar days. If the Parties are unable to reach an agreement with respect to the adjustment of the Payment Formula within the stipulated time frame, this matter will be resolved by an expert or panel of three experts, as agreed by the Parties. The expert or experts must be chosen among professionals who are part of companies linked with the subject matter of this Agreement and who are prepared to participate. In the event the Parties cannot agree on the naming of these experts, the choice will be made by the President of the College of Engineers of Chile. The Parties accept that the decis...
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Related to Payment Formula for the Extraction of Copper

  • Adjustment for Certain Events The number and kind of securities purchasable upon the exercise of this Warrant and the Warrant Price shall be subject to adjustment from time to time upon the occurrence of certain events, as follows:

  • Particular Methods of Procurement of Goods and Works International Competitive Bidding. Goods and works shall be procured under contracts awarded on the basis of International Competitive Bidding.

  • Accounting Terms; Utilization of GAAP for Purposes of Calculations Under Agreement Except as otherwise expressly provided in this Agreement, all accounting terms not otherwise defined herein shall have the meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to clauses (ii), (iii) and (xii) of subsection 6.1 shall be prepared in accordance with GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in subsection 6.1(v)). Calculations in connection with the definitions, covenants and other provisions of this Agreement shall utilize GAAP as in effect on the date of determination, applied in a manner consistent with that used in preparing the financial statements referred to in subsection 5.3. If at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and Company, Administrative Agent or Requisite Lenders shall so request, Administrative Agent, Lenders and Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of Requisite Lenders), provided that, until so amended, such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and Company shall provide to Administrative Agent and Lenders reconciliation statements provided for in subsection 6.1(v).

  • Designation of Additional Amounts to Be Included in the Excess Spread Amount for the DiscoverSeries Notes At any time that any outstanding Series of certificates issued by the Master Trust provides that the Series Principal Collections allocated to such Series will be deposited into the Group Finance Charge Collections Reallocation Account for the Master Trust to the extent necessary for application to cover shortfalls for other Series issued by the Master Trust, an amount equal to (x) all Series Principal Collections allocated to such Series, multiplied by (y) a fraction, the numerator of which is the sum of the Nominal Liquidation Amounts for each outstanding Tranche of the DiscoverSeries Notes (including these notes) and the denominator of which is (i) the Aggregate Investor Interest for the Master Trust minus (ii) the sum of the Series Investor Interests for all such Series that provide that the Series Principal Collections allocated to such Series will be so deposited, is hereby designated to be included in the Excess Spread Amount and shall be treated as Series Finance Charge Amounts for the DiscoverSeries.

  • Can I Roll Over or Transfer Amounts from Other IRAs You are allowed to “roll over” a distribution or transfer your assets from one ▇▇▇▇ ▇▇▇ to another without any tax liability. Rollovers between ▇▇▇▇ IRAs are permitted every 12 months and must be accomplished within 60 days after the distribution. Beginning in 2015, just one 60 day rollover is allowed in any 12 month period, inclusive of all Traditional, ▇▇▇▇, SEP, and SIMPLE IRAs owned. If you are single, head of household or married filing jointly, you may convert amounts from another individual retirement plan (such as a Traditional IRA) to a ▇▇▇▇ ▇▇▇, there are no AGI restrictions. Mandatory required minimum distributions from Traditional IRAs, must be removed from the Traditional IRA prior to conversion. Rollover amounts (except to the extent they represent non-deductible contributions) are includable in your income and subject to tax in the year of the conversion, but such amounts are not subject to the 10% penalty tax. However, if an amount rolled over from a Traditional IRA is distributed from the ▇▇▇▇ ▇▇▇ before the end of the five-tax-year period that begins with the first day of the tax year in which the rollover is made, a 10% penalty tax will apply. Effective in the tax year 2008, assets may be directly rolled over (converted) from a 401(k) Plan, 403(b) Plan or a governmental 457 Plan to a ▇▇▇▇ ▇▇▇. Subject to the foregoing limits, you may also directly convert a Traditional IRA to a ▇▇▇▇ ▇▇▇ with similar tax results. Furthermore, if you have made contributions to a Traditional IRA during the year in excess of the deductible limit, you may convert those non- deductible IRA contributions to contributions to a ▇▇▇▇ ▇▇▇ (assuming that you otherwise qualify to make a ▇▇▇▇ ▇▇▇ contribution for the year and subject to the contribution limit for a ▇▇▇▇ ▇▇▇). You must report a rollover or conversion from a Traditional IRA to a ▇▇▇▇ ▇▇▇ by filing Form 8606 as an attachment to your federal income tax return. Beginning in 2006, you may roll over amounts from a “designated ▇▇▇▇ ▇▇▇ account” established under a qualified retirement plan. ▇▇▇▇ ▇▇▇, ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) assets may only be rolled over either to another designated ▇▇▇▇ Qualified account or to a ▇▇▇▇ ▇▇▇. Upon distribution of employer sponsored plans the participant may roll designated ▇▇▇▇ assets into a ▇▇▇▇ ▇▇▇ but not into a Traditional IRA. In addition, ▇▇▇▇ assets cannot be rolled into a Profit-Sharing-only plan or pretax deferral-only 401(k) plan. In the event of your death, the designated beneficiary of your ▇▇▇▇ 401(k) or ▇▇▇▇ 403(b) Plan may have the opportunity to rollover proceeds from that Plan into a Beneficiary ▇▇▇▇ ▇▇▇ account. Strict limitations apply to rollovers, and you should seek competent advice in order to comply with all of the rules governing any type of rollover.