Consigned Precious Metal definition

Consigned Precious Metal means Precious Metal which has been consigned to the Company pursuant to the Consignment Facility.

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Consigned Precious Metal means Precious Metal which has been consigned to a Customer pursuant to the Consignment Facility.

Consigned Precious Metal means Precious Metal which Consignor has consigned to Consignee pursuant to the terms of this Agreement for which payment has not been received or which has not been Redelivered to Consignor.

Examples of Consigned Precious Metal in a sentence

Nothing contained in the foregoing grant is intended to conflict with the true consignment nature of this Agreement with respect to the Consigned Precious Metal.
Consignee will promptly pay any and all taxes, assessments and governmental charges upon the Consigned Precious Metal prior to the date of any penalties and prior to the date any liens would attach thereto.
At its option, Consignor may discharge taxes, liens, security interests or other encumbrances at any time levied or placed on the Consigned Precious Metal (which are not being contested in good faith), may pay for insurance on the Consigned Precious Metal and may pay for the maintenance and preservation of the Consigned Precious Metal.
Consignee will not use the Consigned Precious Metal in violation of any statute or ordinance.
Consignee may use the Consigned Precious Metal only in the ordinary course of its business as now conducted.
During the term of this Agreement, Consignee shall have the right to purchase any Consigned Precious Metal.
Consignor shall provide Consignee with a monthly statement of the quantity of Consigned Precious Metal (in whatever form) held by Consignee.
No remedy herein conferred upon any Bank or the Agents or the holder of any Note or of any rights in the Consigned Precious Metal or the purchaser of any Letter of Credit Participation is intended to be exclusive of any other remedy and each and every remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing at law or in equity or by statute or any other provision of law.
Consignor may examine and inspect the Consigned Precious Metal at any time, wherever located, and Consignee agrees to keep all records relating to the Consigned Precious Metal at its Principal office.
If, notwithstanding the foregoing sentence, it is determined for any reason that the consignment created hereby is one intended as security or that the consignment is a sale or return or other sale, the Consigned Precious Metal shall constitute Collateral under the terms of the Security Agreement, and the terms of the Security Agreement shall govern the Banks' security interest therein.

More Definitions of Consigned Precious Metal

Consigned Precious Metal means the gold, silver, platinum and palladium delivered by the Precious Metal Consignor to Lucas Milhaupt, Inc. and held by Lucas Milhaupt, Inc. on consignment pursuant to the terms of the applicable Consignment Agreement.

Consigned Precious Metal means all Precious Metal delivered by the Bank to the Consignee, (including, for greater certainty, by way of credit to an unallocated account of the Consignee) and held by the Consignee on Consignment hereunder.

Consigned Precious Metal means all Platinum outstanding on consignment from Metals Bank to Borrowers pursuant to the Metals Agreement.

Consigned Precious Metal means the gold, silver, platinum and palladium delivered by the Precious Metal Consignor to L▇▇▇▇ ▇▇▇▇▇▇▇▇, Inc. and held by L▇▇▇▇ ▇▇▇▇▇▇▇▇, Inc. on consignment pursuant to the terms of the applicable Consignment Agreement.

Consigned Precious Metal means Precious Metal which Bank has consigned to a Consignee pursuant to the terms of this Agreement for which payment has not been received or which has not been Redelivered to Bank.

Consigned Precious Metal. Consignment Base Rate", "Consignment Conversion Request", "Consignment Fixed Rate", "Fair Market Value", "Gold Commitment Percentage", "Gold Fronting Banks", "Redeliver(ed) or Redelivery" and "Spot Value";