Consigned Precious Metal definition

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

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

• During such time as Precious Metal is consigned to any Customer hereunder and until the same is withdrawn from consignment and returned to Metal Lender or paid for in full by the Customer as hereinafter provided, the Customers will pay to the Metal Lender, a fee computed daily on the value of such Consigned Precious Metal as hereinafter set forth.

• Subject to applicable law, each Customer shall, unless the Metal Lender otherwise consents, (i) cause each operating Subsidiary of BEM which holds Consigned Precious Metal to become or remain a Customer and become a party to this Agreement by executing a Joinder Agreement.

• The Customers shall at all times maintain one hundred percent (100%) of the Consigned Precious Metal and Loaned Gold physically located at (i) one or more Approved Locations, (ii) in transit between any Approved Locations, or (iii) in transit to Metal Lender.

• All payments of purchase price for Consigned Precious Metal or deliveries of Precious Metal are to be made within two (2) London Banking Days, provided , however , title to such Consigned Precious Metal shall not pass to the Customer until the payment in full of such purchase price.

• 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.

• Any physical return of Consigned Precious Metal to the Metal Lender’s vault in New York, New York shall be at the Customers’ expense and risk and shall only be credited to the Customers’ account upon the Metal Lender’s assaying the value thereof, which assay shall be undertaken by the Metal Lender as soon as practicable following physical receipt of such Precious Metal.

• Each Customer will use the Consigned Precious Metal and Loaned Gold for general corporate purposes of the Customers not otherwise prohibited by this Agreement.

• Consigned Precious Metal shall be deemed to have been purchased and withdrawn from Consignment, and payment of the purchase price shall become due, at the earlier of (A) such time as a Customer shall notify the Metal Lender that it elects to purchase such Consigned Precious Metal, or (B) such time as a Customer shall sell and deliver such Consigned Precious Metal to its customers in the ordinary course of its business.

• On the effective date of the termination of this Agreement, Consignee shall either Redeliver or purchase and pay for all Consigned Precious Metal which Consignor has previously Delivered and which has not been paid for or Redelivered, the price to be based on Consignor's spot market price or the date of such purchase and shall reimburse Consignor for any and all outstanding fees, costs, expenses and other obligations of Consignee to Consignor.

• This Agreement and all covenants, agreements, representations and warranties made herein and in the certificates delivered pursuant hereto, shall survive the consigning of Consigned Precious Metal by Sensata to the Company and the execution and delivery to Sensata of this Agreement, and shall continue in full force and effect so long as any indebtedness or obligation of the Company to Sensata is outstanding and unpaid.

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 the gold, silver, platinum and palladium delivered by the Precious Metal Consignor to Lxxxx Xxxxxxxx, Inc. and held by Lxxxx Xxxxxxxx, 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 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";