Fine Ounce definition

Fine Ounce means an Ounce of 100% pure gold, Fine Ounces being determined, as to physical gold, by multiplying the gross weight in Ounces by the fineness, expressed as a fraction of the fine metal content in parts per 1000 and, as to gold held in the Trust Unallocated Account, by the number of Fine Ounces credited to the account from time to time (such account being denominated in Fine Ounces).
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Fine Ounce means an Ounce of 100% pure gold. The number of Fine Ounces in a gold bar may be calculated by multiplying the gross weight in Ounces by the fineness, expressed as a fraction of the fine metal content in parts per 1000, in accordance with the “good delivery” rules of the London Bullion Market Association.
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Fine Ounce means the measure of fine gold content, calculated by multiplying the gross weight in Ounces by the fineness, expressed in terms of the fine metal content in parts per 1000, in accordance with the standards and specifications set forth in the good delivery rules promulgated by the LBMA from time to time.
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Examples of Fine Ounce in a sentence

  • Fractions of a Fine Ounce of Gold included in the Basket Gold Amount smaller than .001 Fine Ounce shall be disregarded.

  • Any Gold withdrawal from the Trust Unallocated Account pursuant to clause 4.1 will be in a form which complies with the Rules or in such other form as may be agreed between the Trustee and the Custodian the combined Fine Ounce weight of which will not exceed the number of Fine Ounces the Trustee has instructed the Custodian to debit.

  • Fractions of a Fine Ounce of Gold included in the Redemption Distribution smaller than 0.001 of a Fine Ounce shall be disregarded.

  • Fractions of a Fine Ounce of Gold included in the Creation Basket Gold Deposit Amount smaller than 0.001 of a Fine Ounce shall be disregarded.

  • Fractions of a Fine Ounce included in the Basket Gold Amount smaller than .001 Fine Ounce shall be disregarded.

  • Class 7 is impaired under the Plan and is entitled to vote to accept or reject the Plan.

  • Fractions of a Fine Ounce of gold included in the Basket Gold Amount smaller than 0.001 Fine Ounces shall be disregarded.

  • Fractions of a Fine Ounce of Gold included in the Creation Basket Gold Deposit Amount smaller than .001 Fine Ounce shall be disregarded.

  • The Trustee values the gold held by the Trust on the basis of the price of a Fine Ounce as set by the afternoon session of the twice daily fix of the price of a Fine Ounce which starts at 3:00 PM London, England time and is performed by the five members of the London gold fix and is therefore classified as Level 1.

  • Fractions of a Fine Ounce of Gold included in the Redemption Distribution smaller than .001 Fine Ounce shall be disregarded.


More Definitions of Fine Ounce

Fine Ounce shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement.
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Fine Ounce. ’ means an ounce of 100% pure gold, Fine Ounces being determined, as to Physical Gold, by multiplying the gross weight in ounces by the fineness, expressed as a fraction of the fine metal content in parts per 1,000 in accordance with London Good Delivery Standards and, as to gold held on an unallocated basis, by the number of Fine Ounces credited to the applicable unallocated account from time to time (such account being denominated in Fine Ounces).
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Fine Ounce shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. “Gold” or “gold” shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. - 8 - “Initial Creation” shall mean the initial creation of Shares pursuant to the provisions of Section 2.01 hereof. “LBMA” shall mean the London Bullion Market Association or its successor. “London Business Day” shall mean a day (other than a Saturday, Sunday or a public holiday in England) on which commercial banks generally and the over-the-counter markets in gold, as coordinated by the LBMA, are open for the transaction of business in London. “London Good Delivery Standards” shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. “Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Order Cutoff Time” shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. “Order Date” shall have, (i) with respect to a Purchase Order, the meaning ascribed to the term in Section 2.3(a) of the Trust Agreement; and (ii) with respect to a Redemption Order, the meaning ascribed to the term in Section 2.6(a) of the Trust Agreement. “Person” shall mean any natural person or any limited liability company, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or other entity or government or any agency or political subdivision thereof. “Procedures” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Prospectus” or “Prospectuses” means the current prospectus of the Trust included in its effective registration statement, as supplemented or amended from time to time. “Purchase Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Redemption Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Securities Act” means the Securities Act of 1933, as amended. “Shares” means Shares issued by the Trust pursuant to the provisions of the Trust Agreement. “Sponsor” shall mean Merk Investments LLC, a Delaware limited liability company, in its capacity as the sponsor of the Trust under the Trust Agreement, and any successor thereto in compliance with the provisions thereof. - 9 - “Sponsor Indemnified Party” shall have the meaning ascribed to such term in Sections 6.01.b of the Standard Terms. “Standard Terms” shall have the mea...
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Fine Ounce means an ounce of 100% pure gold, Fine Ounces being determined, as to Physical Gold, by multiplying the gross weight in ounces by the fineness,
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Related to Fine Ounce

  • fine ore means iron ore which has an average pure iron content of not less than sixty per cent. (60%) which will pass through a one half (½) inch mesh screen and which is sold without concentration or other beneficiation other than crushing and screening;

  • Ounce shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.

  • tons means the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex I of the International Convention on Tonnage Measurement of Ships, 1969; the word “tonnage” shall be construed accordingly.

  • Gross laden weight means the actual weight of a vehicle or combination of

  • ore means any rock soil or alluvium bearing diamonds mined from mining leases granted pursuant to this Agreement;

  • Cubic Foot means the volume of gas which occupies one cubic foot when such gas is at a temperature of 60 degrees Fahrenheit, and at a pressure of 14.73 pounds per square inch absolute.

  • Gallon means a U.S. gallon of 231 cubic inches corrected to 60 degrees Fahrenheit.

  • Tare Weight means the weight of an empty shipping container, excluding all materials used for wrapping, cushioning, banding, waterproofing, packaging, blocking and bracing articles within the exterior container.

  • kWh means kilowatt-hour.

  • Maximum Concentration Level Assessment means the Maximum Concentration Level Assessment for the purposes of a Basic Comprehensive Certificate of Approval, described in the Basic Comprehensive User Guide, prepared by a Toxicologist using currently available toxicological information, that demonstrates that the concentration at any Point of Impingement for a Compound of Concern that does not have a Ministry Point of Impingement Limit is not likely to cause an adverse effect as defined by the EPA. The concentration at Point of Impingement for a Compound of Concern must be calculated in accordance with O. Reg. 419/05.

  • Diameter at Breast Height (DBH) means the diameter of a tree at 4 1/2 feet above the ground measured from the uphill side.

  • Probable Mineral Reserve means the economically mineable part of an indicated and, in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • smelter means an electrolytic reduction plant for the conversion of alumina to aluminium using alumina produced from bauxite;

  • Captured assessed value means the amount in any 1 year by which the current assessed value of the development area, including the assessed value of property for which specific local taxes are paid in lieu of property taxes as determined in subdivision (w), exceeds the initial assessed value. The state tax commission shall prescribe the method for calculating captured assessed value.

  • Ton means a ton of two thousand two hundred and forty (2,240) lbs. net dry weight;

  • Biodiesel means a fuel composed of mono-alkyl esters of long chain fatty acids derived from vegetable oils or animal fats, and, in accordance with standards specified by the American society for testing and materials, designated B100, and meeting the requirements of D-6751, as approved by the department of agriculture.

  • Surcharge has the meaning set forth in Section 11(a).

  • Cubic foot of gas means the amount of gas required to fill a cubic foot of space when the gas is at an absolute pressure of fourteen and seventy-three hundredths (14.73) pounds per square inch at a temperature of sixty (60) degrees Fahrenheit.

  • Density means the permitted number of dwelling units per

  • Gross weight means the aggregate weight of a vehicle or combination of vehicles and the load

  • Heat Rate means the quantity of BTU’s consumed to produce a kilowatt-hour of energy, calculated as follows:

  • List Price means the list of prices of the Goods maintained by the Seller as amended from time to time;

  • Contract Quantity means the quantity of Delivered Energy expected to be delivered by Seller during each Contract Year as set forth in the Cover Sheet.

  • Exceedance means a condition that is detected by monitoring that provides data in terms of an emission limitation or standard and that indicates that emissions (or opacity) are greater than the applicable emission limitation or standard (or less than the applicable standard in the case of a percent reduction requirement) consistent with any averaging period specified for averaging the results of the monitoring.

  • Baseline means the “Initial Small Business Lending Baseline” set forth on the Initial Supplemental Report (as defined in the Definitive Agreement), subject to adjustment pursuant to Section 3(a).

  • Tonne means metric tonne (1000 kilograms.)