Gold Bars definition

Gold Bars means Gold or Gold Dore Bars, Aurum Utalium (“AU”);
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Examples of Gold Bars in a sentence

  • The Seller hereby agrees to sell and deliver Gold Bars to the Buyer (who hereby accepts to purchase and receive such) under the Specifications and subject to the terms and conditions of this Agreement.

  • From the time at which the Certificateholder is registered as the legal owner of the Gold Bars on DMCC Tradeflow, all title to and risks in such Gold Bars passes to the relevant Certificateholder.

  • Once ownership and possession of the Gold Bars passes from the Seller to the Buyer pursuant to the previous sentence, the Security Company shall transfer and deliver the Gold Bars according to the Buyer’s instructions.

  • The Seller has no Knowledge of any threatened termination of, or material premium increase with respect to, any of such policies.

  • The Trustee shall only procure delivery of the Gold Bars within the Almas Vault.

  • If the Defaulting Certificateholder has an ownership interest in the Certificates represented by a definitive Certificate, the Trustee will pay the Defaulting Certificateholder cash equal to the proceeds received by the Trustee from the sale of the allocated Gold Bars the serial numbers of which are specified in the applicable Pricing Supplement relating to that definitive Certificate.

  • The Certificateholder shall be paid the Compulsory Dissolution Amount in accordance with Condition 7 (Settlement) on the Business Day immediately following the day on which the Trustee receives the proceeds of sale of the relevant Gold Bars (the Compulsory Dissolution Date).

  • If a Certificateholder elects for cash settlement in the event of a Certificateholder Optional Dissolution and the relevant Certificateholder has an ownership interest in the Certificates represented by a definitive Certificate, the Trustee will procure the sale of the allocated Gold Bars the serial numbers of which are specified in the applicable Pricing Supplement relating to that definitive Certificate.

  • None of the Trustee, the Delegate, the DMCC or the Agents shall be responsible or liable for any failure by the Storage Operator to effect a delivery or transfer of the Gold Bars in accordance with these Conditions.

  • To the extent that such sums or the number of Gold Bars are less than the amount or number which the Certificateholders may have expected to receive (the difference being referred to as a shortfall), such shortfall will be borne by such Certificateholders.

Related to Gold Bars

  • Gold means elemental gold having an atomic weight of 196.967 and the chemical element symbol of Au, whether found by itself or in combination with its alloys or any other metal.

  • Silver means elemental silver having an atomic weight of 107.869 and the chemical element symbol of Ag, whether found by itself or in combination with its alloys or any other metal.

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