Precious Metal Sample Clauses

Precious Metal. No Customer shall grant any security interest or ownership rights to any of its customers with respect to any of the Consigned Precious Metal or Loaned Gold whether or not such customers have prepaid orders for the Consigned Precious Metal or Loaned Gold or any products or property which does or will include the Consigned Precious Metal or Loaned Gold. Notwithstanding the foregoing, the parties agree that any Client may file financing statements or other public notices with respect to any Client Metal subject to any Client-Customer Arrangement.

Precious Metal. Gold measured in ▇▇▇▇ ounces having a fineness of not less than .9995, without regard to whether such gold is alloyed or unalloyed, in bullion form or contained in or processed into other materials which contain elements other than gold.

Precious Metal. At all times: (a) maintain Precious Metal in its Inventory so that: (i) the Gold in its Inventory which is tracked by weight in the Companies’ records, including in the Companies’ perpetual inventory system is equal to or greater than the sum of Gold consigned to the Companies by HSBC and BMO plus customer toll-in Gold; (ii) the Silver in its Inventory which is tracked by weight in the Companies’ records, including in the Companies’ perpetual inventory system is equal to or greater than the sum of Silver consigned to the Companies by HSBC and BMO plus customer toll-in Silver; (iii) the Platinum in its Inventory which is tracked by weight in the Companies’ records, including in the Companies’ perpetual inventory system is equal to or greater than the sum of Platinum consigned to the Companies by HSBC and BMO plus customer toll-in Platinum; (iv) the Palladium in its Inventory which is tracked by weight in the Companies’ records, including in the Companies’ perpetual inventory system is equal to or greater than the sum of Palladium consigned to the Companies by HSBC and BMO plus customer toll-in Palladium; (b) defend the Consigned Precious Metal and BMO Consigned Precious Metal against any claims and demands of any persons (other than HSBC and BMO) at any time claiming the same or any interest therein; and (c) maintain at least ninety percent (90%) of all Consigned Precious Metal and all BMO Consigned Precious Metal at an Approved On-Premises Location.” (r) Effective as of the date hereof, the Consignment Agreement is hereby amended by adding a new Paragraph 8.33 to read in its entirety as follows:

Precious Metal. At all times 4 (a) maintain Precious Metal in its Inventory so that: (i) the Gold in its Inventory which is tracked by weight in the Companies’ records, including in the Companies’ perpetual inventory system is equal to or greater than the sum of Gold consigned to the Companies by HSBC plus customer toll-in Gold; (ii) the Silver in its Inventory weight in the Companies’ records, including in the Companies’ perpetual inventory system y is equal to or greater than the sum of Silver consigned to the Companies by HSBC plus customer toll-in Silver; (iii) the Platinum in its Inventory which is tracked by weight in the Companies’ records, including in the Companies’ perpetual inventory system is equal to or greater than the sum of Platinum consigned to the Companies by HSBC plus customer toll-in Platinum; (iv) the Palladium in its Inventory which is tracked by weight in the Companies’ records, including in the Companies’ perpetual inventory system is equal to or greater than the sum of Palladium consigned to the Companies by HSBC plus customer toll-in Palladium; (b) defend the Consigned Precious Metal against any claims and demands of any persons (other than HSBC) at any time claiming the same or any interest therein; and (c) maintain at least ninety percent (90%) of all Consigned Precious Metal at an Approved On-Premises Location.

Precious Metal. (a) No Customer (other than BWI, TMI or ZTI) shall grant any security interest or ownership rights to any of its customers with respect to any of the Consigned Precious Metal or Loaned Gold whether or not such customers have prepaid orders for the Consigned Precious Metal or Loaned Gold or any products or property which does or will include the Consigned Precious Metal or Loaned Gold. Notwithstanding the foregoing, the parties agree that any Client may file financing statements or other public notices with respect to any Client Metal subject to any Client-Customer Arrangement. (b) No Customer will deliver Consigned Precious Metal or Loaned Gold to or for the account of BWI, TMI or ZTI unless such Customer first purchases and pays for such Consigned Precious Metal or Loaned Gold, as applicable, pursuant to this Agreement.

Precious Metal. (a) No Customer (other than BWI, TMI or ZTI) shall grant any security interest or ownership rights to any of its customers with respect to any of the Consigned Precious Metal or Loaned Gold whether or not such customers have prepaid orders for the Consigned Precious Metal or Loaned Gold or any products or property which does or will include the Consigned Precious Metal or Loaned Gold. Notwithstanding the foregoing, the parties agree that any Client may file financing statements or other public notices with respect to any Client Metal subject to any Client-Customer Arrangement. (b) No Customer will deliver Consigned Precious Metal or Loaned Gold to or for the account of BWI, TMI or ZTI unless (i) such Customer first purchases and pays for such Consigned Precious Metal or Loaned Gold, as applicable, pursuant to this Agreement, or (ii) such Consigned Precious Metal or Loaned Gold, as applicable, is supported by a Letter of Credit in accordance with Section 7.03 hereof.

Precious Metal. Gold measured in troy ounces having a fineness of not less than .9995, without rega▇▇ ▇o whether such gold is alloyed or unalloyed, in bullion form or contained in or processed into other materials which contain elements other than gold. PRENTICE. See preamble hereto. PRENTICE TENDER OFFER. That certain all cash tender offer to be commenced by Prentice Capital Management, LP, Holtzman Opportunity Fund, L.P. and WJ Acquisition Corp. pursuant ▇▇ ▇▇▇ terms of the Merger Agreement.

Precious Metal