Consignment Facility definition

Consignment Facility means the facility established pursuant to Section 2 hereof, whereby a Customer may request Consignments of Precious Metal from the Metal Lender.
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Consignment Facility means the facility under Paragraph 2 hereof, whereby the Company way request consignments of Precious Metal from HSBC.
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Consignment Facility means the facility under Paragraph 2 hereof, whereby the Company may request consignments of Precious Metal from Sensata.
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Examples of Consignment Facility in a sentence

  • All or any part of outstanding consignments under the Consignment Facility may be converted as provided herein.

  • All or any part of outstanding Consignments under the Consignment Facility may be converted as provided herein.

  • It is understood that at no time shall the Consignment Facility Indebtedness exceed the Consignment Limit.

  • Any person identifying himself or herself as an Authorized Representative of the Company shall have the right to effect transactions under the Consignment Facility and this Agreement.

  • Any person identifying himself or herself as an Authorized Representative of a Customer and who is identified on such current list of the Customer shall have the right to effect transactions under the Consignment Facility, the Gold Loan Facility, the Forward Contract Facility, the Segregated Storage Facility and this Agreement.

  • If the entire amount of a required purchase price payment and/or consignment fee payment under the Consignment Facility is not paid in full within ten (10) Business Days after the same is due, the Customers shall pay to the Metal Lender, to the extent permitted by applicable law, by bank wire to a bank of the Metal Lender’s choice, a late fee equal to five percent (5%) of the required payment.

  • Termination of the Consignment Facility shall not affect the Customers’ duty to pay and perform their Obligations to the Metal Lender under the Consignment Facility in full.

  • Subject to Section 2.09 below, it is understood that at no time shall the Consignment Facility Indebtedness exceed the Consignment Limit.

  • Each request by a Customer or the Customer Agent to the Metal Lender for the delivery of Precious Metal under the Consignment Facility, Gold Loan Facility and the Segregated Storage Facility, and for a Forward Contract under the Forward Contract Facility, shall be deemed to be a representation and warranty to the Metal Lender that the respective conditions specified in Section 6.02 for such Consignment and/or Forward Contract have been satisfied.

  • Upon termination of the Consignment Facility, the Metal Lender may credit any amounts then held by it to reduce the amount of the Consignment Facility Indebtedness in accordance with the provisions of Section 13 hereof.


More Definitions of Consignment Facility

Consignment Facility means the facility established pursuant to Section 2 hereof, whereby a Customer may request Consignments of Gold or Silver from the PM Lender and Consignments of Copper from the Copper Lender.
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Consignment Facility means the facility under Paragraph 2 hereof whereby the Company may request consignments of Precious Metal. 1.10. "Consignment Facility Indebtedness" means the value (as determined in accordance with Paragraph 2.2 hereof) of Precious Metal on consignment to the Company under the Consignment Facility. 1.11. "Consignment Limit" means: (a) Twenty-Two Million Dollars ($22,000,000); or (b) such limit as the Consignor and the Company may agree upon from time to time as evidenced by an amendment in substantially the form of Exhibit B attached hereto and made a part hereof or in such other form as the Consignor shall require, with a copy to FPM in any case; or (c) such other limit as the Consignor may approve in its sole discretion. 1.12. "Consignment Period" means, with respect to the consignment of Precious Metal based upon a Fixed Consignment Fee, the period beginning on the Drawdown Date and ending on the day which numerically corresponds to such date one (1), two (2), three (3), six (6) or twelve (12) months (or such other period, if agreed to by the Consignor) thereafter (or, if such month has no numerically corresponding day, on the last London Banking Day of such month), as the Company may select in its relevant notice pursuant to Paragraph 2.4 or 2.5; provided, however, that, if such Consignment Period would otherwise end on a day which is not a London Banking Day, such Consignment Period shall end on the next following London Banking Day; provided, however, that if such next following London Banking Day is the first London Banking Day of a calendar month, such Consignment Period shall end on the next preceding London Banking Day. 1.13. "Consignor" means ABN AMRO Bank N.V., Australian Branch. 1.14. "Consignor's Address" means Level 5, ABN AMRO Tower, 88 Philip Street, Sydney, New South Wxxxx 0000. 1.15. "Credit Agreement" means that certain 364-Day Competitive Advance, Revolving Credit and Guaranty Agreement dated May 25, 2001 among the Company, the Guarantors (as defined therein), the Banks from time to time party thereto, ABN AMRO Bank N.V., as Administrative Agent for the Banks and arranger and bookrunner and Credit Suisse First Boston and Bank of Tokyo-Mitsubishi Trust Company, as Co-Syndication Agents, and First Union National Bank and Harris Truxx xxx Savings Bank, as Co-Documentation Agents., as amended from time to time. 1.16. "Dentsply Subsidiaries" means Degussa Dental GmbH, a German limited liability company and successor-in-interest to Degussa...
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Consignment Facility means the facility established pursuant to Article 2 hereof, whereby a Customer may request Consignments of Metal from the Metal Lender. “Consignment Facility Indebtedness” means the value (as determined in accordance with Section 2.2 hereof) of all Consigned Metal plus any unpaid purchase price for Consigned Metal that has been withdrawn from Consignment and is required to be purchased under the Consignment Facility. “Consignment Limit” means, with respect to all Metal, the lesser of: (i) $150,000,000 minus the then current Copper Consignment Facility Indebtedness (if any); and (ii) the value (as determined in accordance with Section 2.2 hereof) of the Customers’ Inventory of Metal (including any Metal obtained or, at the time of determination, proposed to be obtained, by a Customer pursuant to this Agreement) at Approved Locations or in transit between any Approved Locations which is (A) not outstanding on consignment, loan or lease to the Customers from Approved Consignors under Permitted Metals Agreements, and (B) is free and clear of all Liens other than Permitted Metal Liens. “Consolidated” or “consolidated” means, wherever used in conjunction with a financial statement, covenant or definition, such financial statement, covenant or definition shall (unless otherwise -4-
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Consignment Facility means the facility established pursuant to Article 2 hereof, whereby a Customer may request Consignments of Metal from the Metal Consignor.
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Consignment Facility means the facility extended to the Consignees pursuant to the Agreement whereby the Consignees may request consignments of Precious Metal from the Bank.
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Related to Consignment Facility

  • Consignment means products which are either sent simultaneously from one exporter to one consignee or covered by a single transport document covering their shipment from the exporter to the consignee or, in the absence of such a document, by a single invoice;

  • Consignment Price is $100,000 and consignor retains 0%, Consignor will receive $100,000. “Consignment Price” is $100,000 and consignor retains 40%, Consignor will receive $60,000 in cash and 40% in equity in the Series LLC.

  • Replacement Facility means 1 of the following:

  • Storage Facility means a facility used for the stocking of natural gas and owned and/or operated by a natural gas undertaking, including the part of LNG facilities used for storage but excluding the portion used for production operations, and excluding facilities reserved exclusively for transmission system operators in carrying out their functions;

  • Precious Metal means the following, in coin, bullion, or other form:

  • Off-site facility means a structural BMP located outside the subject property boundary described in the permit application for land development activity.

  • Facility means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or heretofore owned, leased, operated or used by Borrower or any of its Subsidiaries or any of their respective predecessors or Affiliates.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Treatment facility means an institution (or distinct part thereof) for the treatment of alcoholism or drug abuse, which meets fully every one of the following tests:

  • Wireless facility means equipment at a fixed location that enables wireless communications

  • On-site facility means a structural BMP located within the subject property boundary described in the permit application for land development activity.

  • Secure facility or "detention home" means a local, regional or state public or private locked

  • Licensed facility means a facility licensed by the department under section 137 or an adult foster care facility.

  • Committed Equipment Line is a Credit Extension of up to Five Million Dollars ($5,000,000).

  • Wastewater treatment facility means a treatment works, as

  • LNG facility means a terminal which is used for the liquefaction of natural gas or the importation, offloading, and re-gasification of LNG, and includes ancillary services and temporary storage necessary for the re-gasification process and subsequent delivery to the transmission system, but does not include any part of LNG terminals used for storage;

  • Micro wireless facility means a small cell facility that is not larger in dimension than 24 inches in length, 15 inches in width, and 12 inches in height and that has an exterior antenna, if any, not longer than 11 inches.

  • Related Equipment Note means, as of any date, an “Equipment Note” as defined in each Related Indenture, but only if as of such date it is held by the “Subordination Agent” under the “Intercreditor Agreement”, as such terms are defined in such Related Indenture.

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • Customer Facility means Generation Facilities or Merchant Transmission Facilities interconnected with or added to the Transmission System pursuant to an Interconnection Request under Subpart A of Tariff, Part IV.

  • Designated Equipment means any equipment designated in the SLA, upon which the Licensed System may be used; Documentation means operating manuals and other printed materials which assist the Customer to use the Licensed System including any technical and user software material as published by Pentana Solutions; Escalation Request is as set out in the SLA;

  • Facility Site means the site described in Schedule B. “FERC” means the Federal Energy Regulatory Commission.

  • Test Facility means any WRAS suitably accredited test laboratory;

  • Equipment Loan means middle market equipment loans that consist of loans made to obligors in the United States of America primarily secured by new or used transportation equipment and managed by the Equipment Finance reporting category of the Commercial Lending and Leasing division of GE Capital.

  • Onshore facility means any facility any part of which is located in, on, or under any land of the state, other than submerged land, that because of its location, could reasonably be expected to cause substantial harm to the environment by discharging oil into or on the navigable waters of the state or the adjoining shorelines.

  • Energy facility means an energy plant or transmission