Precious Metals Sample Clauses
The 'Precious Metals' clause defines the terms and conditions related to the handling, ownership, and responsibilities concerning precious metals within a contract. Typically, this clause specifies what qualifies as a precious metal (such as gold, silver, or platinum), outlines procedures for delivery, storage, and valuation, and may address issues like insurance or loss. Its core function is to ensure both parties have a clear understanding of their rights and obligations regarding precious metals, thereby reducing the risk of disputes and providing clarity in transactions involving these valuable materials.
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Precious Metals. The Fund shall, with respect to precious metal deposits, instruct the Custodian to enter into a written agreement to direct the Delegate to hold such precious metals on an allocated or on an unallocated basis in accordance with the terms of this Delegation Agreement. Accordingly, the Custodian shall enter into a written agreement to direct the Delegate to be responsible for exercising reasonable care in the administration of such accounts, and to the extent that the Fund has appointed the Custodian to direct the Delegate to act as foreign custody manager pursuant to the provisions of Rule 17f-5, the Custodian shall direct the Delegate to comply with its responsibilities thereunder. Allocated Precious Metal(s) shall mean any and all gold, silver, platinum or palladium and any other metals maintained in any account with an Eligible Foreign Custodian or its agents in the name of the Custodian or its Delegate for the Fund. Unallocated Precious Metal(s) shall mean any and all gold, silver, platinum or palladium and any other metals maintained in any account with an Eligible Foreign Custodian or its agents in the name of the Custodian or the Delegate for its customers generally.
Precious Metals. A Fund may, upon Special Instructions, direct the Custodian to appoint, or instruct the Domestic Subcustodian to appoint, a depository for the safekeeping and storage of gold, silver, platinum and other precious metals (“Precious Metals”) on behalf of such Fund.
Precious Metals. Should the price of precious metals or rare earth materials increase from the cost in effect at the time of establishment of product pricing, ALLEGRO reserves the right to invoke price adjustments to compensate for such increases.
Precious Metals. First London Market fixing price (LBMA) or London Platinum and Palladium Market (LPPM) for the described Precious Metal, to be chosen at the sole discretion of GoldSilver Central Private Limited.
Precious Metals. The Payor shall pay the Royalty for each shipment of Precious Metals either (a) in the form of gold bullion (.995+ fine gold) directly to Franco's account maintained with the Payor as directed by Franco, or (b) by delivery of a cheque or draft payable to Franco's account with a bank to be designated in writing by Franco. In the event Franco instructs the Payor to deliver the Royalty in the form of gold bullion, the Royalty payable on silver or platinum group metals shall be converted to the gold equivalent of such silver or platinum group metals by using the average monthly spot prices for Precious Metals described in Section 4.1.
Precious Metals. With respect to precious metals produced from the Project, each Party shall be entitled to take its proportionate share of the production in-kind, such share being based on each Party’s Participating Interest at the time such precious metals are produced. Each Party shall take delivery of its share at the refinery where the final product is produced. Thereafter, each Party shall be free to market its respective share of such precious metals at its sole discretion.
Precious Metals. With respect to Products containing precious metals, unless otherwise specifically agreed to in writing, the following sales conditions shall also apply: (a) all metal accounts established or maintained by Seller shall be subject to Seller's Metal Account Terms and Conditions, the current form of which appears on each metal account statement; (b) payment for precious metals shall be cash in advance; (c)the precious metal contained in such Products shall be priced in accordance with the Engelhard Fabricated Products Price next published by Seller following the date the metal is shipped or credited to ▇▇▇▇▇’s metal account; (d) Seller shall have the right at any time without notice to set off any liability (whether to
Precious Metals. For each shipment of Precious Metals either A) in the form of gold bullion (995 + fine gold) directly to Grantee's account maintained with the Payor as directed by Grantee, or (B) by delivery of a check or draft payable to Grantee's account with a bank to be designated in writing by Grantee.
Precious Metals. A forward is an agreement governing the purchase or sale of one currency against another at a specified future time at a price agreed upon today. The customer commits to buy or sell the agreed amount of currency with agreed rate at maturity. The customer is obliged to buy or sell the agreed amount of currency with the agreed rate at maturity no matter what the spot rate is at maturity.
Precious Metals. (a) All right, title and interest of Grantor in --------------- and to all of the mineral estates, leasehold estates, mining leases, surface leases, licenses, subleases, sublicenses, royalty interests, overriding royalty interests, production payment interests, net profit interests, net smelter return interests, joint venture agreements, leach pads, solution ponds, ores, and any other interests described ▇▇ ▇▇hibit A hereto, covering or relating to all or any part of the land described either in Exhibit A hereto or in the documents recorded as described in Exhibit A hereto or covering or relating to any real property relating to the Collateral and covered by any agreement to which such interests or any other estate, property right or other interest constituting a part of the Collateral is now or hereafter subject, whether now owned or hereafter acquired, and whether such interests be correctly described therein or not (which interests of Grantor shall, for all purposes of this Instrument, be deemed to include without limitation any interest now owned or hereafter acquired by Grantor in any extension, renewal or replacement of any of the leases or other interests described in Exhibit A hereto) (collectively the "Interests");
(b) All of the inventory, including without limitation all work-in-progress, materials and supplies inventories, all product inventories, and all ore, leachate, pregnant leach solutions, carbon, gold-loaded carbon, gold-loaded stripping s▇▇▇▇▇ons, gold-containing sludges, gold or other products in whatever form, content, or purity, and all other associated or related substances ("Precious Metals") in, on, under or attributed to any of the Interests;
(c) All of the as-extracted collateral, including without limitation all Precious Metals mined and produced from any of the Interests;
(d) All of the property, plant, machinery, and equipment, and all trade fixtures, tools, appliances, computers, computer software, office equipment, furniture, and motor vehicles now or hereafter located in, on, under, affixed or attributed to or obtained or used in connection with any of the Interests which are used or purchased for the production, treatment, storage, transportation, manufacture or sale of Precious Metals;
(e) All leach pads, solution ponds and pipelines, and any and all of the ite▇▇ ▇▇corporated as part of or attributed or affixed to any of the real property included in the Interests in such a manner that such items are no longer personal p...