Consignment Limit definition

Consignment Limit means the lesser of:

Consignment Limit as set forth in Section 1.01 of the Consignment Agreement is hereby amended to read in its entirety as follows:

Consignment Limit means (a) the lesser of (i) Forty Million Dollars ($40,000,000), and (ii) the value (as determined in accordance with Section 2.02) of 30,000 ounces of Platinum; or (b) such other limit as Consignor and Customer may agree upon from time to time as evidenced by an amendment in substantially the form of Exhibit C attached hereto and made a part hereof.”

Examples of Consignment Limit in a sentence

• At no time shall the value of consigned commodities exceed the lesser of: (i) $43,000,000 less the total amounts of the Borrower's foreign exchange obligations to Sovereign Bank; (ii) 12,000 fine xxxx ounces of Gold, 3,350,000 fine xxxx ounces of Silver, 2,000 fine xxxx ounces of Palladium, and 1,000 fine xxxx ounces of Platinum; (iii) such other limit as the parties may agree upon; or (iv) such limit as Consignor may approve in its sole discretion ("Consignment Limit").

• In no event will Consignor be obligated to deliver Precious Metal if the aggregate amount of fine xxxx ounces or Fair Market Value of Precious Metal requested when added to Consigned Precious Metal exceeds Consignee's Consignment Limit.

• Consignment Accounts (if applicable) Consignment Limit USD: Mio Consignment Payment Term: Days Gold Consignment Limit: Consignment Interest: oz.

• If the value of commodities on consignment at any time exceeds the Consignment Limit, Customer will promptly either (a) purchase and withdraw from consignment (and make payment to Consignor as provided in Paragraph 3), a quantity of consigned commodities which has an aggregate value sufficient to result in the value of the remaining consigned commodities to be less than the Consignment Limit, or (b) deliver to Consignor sufficient of such consigned commodities to achieve the same result.

• If for any reason the number of fine xxxx ounces or Fair Market Value (or unpaid Purchase Price in the case of Consigned Precious Metal for which the Purchase Price has been agreed but payment has not been received by Consignor) of all Consigned Precious Metal at any time exceeds Consignee's Consignment Limit, Consignee shall immediately Redeliver to Consignor, or purchase and pay for, Precious Metal of a quantity, or with a Fair Market Value, sufficient to eliminate such excess.

More Definitions of Consignment Limit

Consignment Limit means (a) the lesser of: (i) One Hundred Forty Million Dollars ($140,000,000); and (ii) the value (as determined in accordance with Section 2.2 hereof) of the Customers’ Inventory of Precious Metal (including any Precious 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 Precious Metals Agreements, and (B) is free and clear of all Liens other than Permitted Metal Liens, minus (b) the Gold Loan Facility Indebtedness.

Consignment Limit means (a) the lesser of: (i) One Hundred Ten Million Dollars ($110,000,000); and (ii) the value (as determined in accordance with Section 2.02 hereof) of the Customers’ Inventory of Precious Metal (including any Precious 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 Precious Metals Agreements, and (B) is free and clear of all Liens other than Permitted Metal Liens, minus (b) the Gold Loan Facility Indebtedness.

Consignment Limit means the maximum amount which the Insurers will pay in respect of Property despatched or received under one consignment note

Consignment Limit means the lesser of (a) 45,000 troy ounces of fine gold, or (b) Coxxxxned Precious Metal with a Fair Market Value (or unpaid Purchase Price in the case of Consigned Precious Metal for which the Purchase Price has been agreed but payment has not been received by Consignor) equal to $14,000,000.00 LESS the Bullion Forward Exposure Amount.

Consignment Limit means (a) the lesser of: (i) Forty-Six Million Dollars ($46,000,000); and (ii) the value (as determined in accordance with Section 2.02 hereof) of the Customers’ Inventory of Precious Metal (including any Precious 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 free and clear of all Liens other than Permitted Metal Liens, minus (b) the Gold Loan Facility Indebtedness.”

Consignment Limit means the lesser of (a) 45,000 troy ounces of fine gold, or (b) Coxxxxned Precious Metal with a Fair Market Value(or unpaid Purchase Price in the case of Consigned Precious Metal for which the Purchase Price has been agreed but payment has not been received by Consignor) equal to $15,000,000.00

Consignment Limit means: Eighteen Million Dollars ($18,000,000)