Gold Sale Method definition

Gold Sale Method means the method used by the Company to discharge the
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Gold Sale Method means the method used by DGS LLP to discharge Redemption
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Gold Sale Method. ” means the method used by the Company to discharge its Delivery Obligations as set out in the Constitution;
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Examples of Gold Sale Method in a sentence

  • Accordingly, UCITS Schemes will need to opt for the Gold Sale Method as opposed to the Gold Delivery Method.

  • If, pursuant to Condition 2.5(a)(ii) ( Gold Sale Method) (as summarised in Section B.5(a)(ii) above under “Trust Instrument”), the Company is required to redeem any Gold Bullion Securities either in cash by sale of gold to IRH or in gold, it shall deliver to the Trustee a further Company Redemption Notification in relation to such redemption (a “Further Company Redemption Notification”).

  • For this purpose the “value” of the Per Security Entitlement to Gold shall be determined as an amount equal to the gross proceeds of sale actually realised by the Company from selling gold equal to the Per Security Entitlement to Gold on the Redemption Date in accordance with the terms of the Gold Sale Method.

  • The Company may determine in its discretion whether Gold Bullion Securities so redeemed shall be redeemed in gold or in cash (or both), and hence whether the Gold Delivery Method or the Gold Sale Method (or both) shall apply.(b) A notice of redemption given pursuant to Condition 2.6(a) (Compulsory Redemption by the Company) (as summarised in Section B.6(a) above) shall specify the manner in which delivery and/or payment instructions may be given by such Security Holder.

  • For this purpose the “value” of the Per Security Entitlement to Gold shall be determined as an amount equal to the gross proceeds of sale actually realised by the Company from selling gold equal to the Per SecurityEntitlement to Gold on the Redemption Date in accordance with the terms of the Gold Sale Method.

  • Until the time, if ever, of receipt by the Registrar of a valid Redemption Notice specifying the Gold Sale Method, the Redemption Method applicable to all Gold Bullion Securities shall be the Gold Delivery Method.

  • REDEMPTION OF THE GOLD BULLION SECURITIES B.1 Redemption(a) Each Gold Bullion Security shall carry a right on redemption to payment in gold of an amount equal to the Per Security Entitlement to Gold on the applicable Redemption Date, provided that if such Gold Bullion Security is to be redeemed using the Gold Sale Method, the Company shall redeem such Gold Bullion Security by payment in cash of an amount equal to the value of the Per Security Entitlement to Gold.

  • Until the time, if ever, of receipt by the Company of a valid Redemption Notice specifying the Gold Sale Method, the Redemption Method applicable to all Gold Bullion Securities shall be the Gold Delivery Method.

  • A Gold Bullion Security is a secured undated zero coupon note with a face value of US$0.00001 issued by the Company, which on redemption entitles a Security Holder to payment in gold of an amount equal to the Per Security Entitlement to Gold on the applicable Redemption Date, provided that if such Gold Bullion Security is to be redeemed using the Gold Sale Method, the Company shall redeem such Gold Bullion Security by payment in cash of an amount equal to the value of the Per Security Entitlement to Gold.

  • For this purpose the “value” of the Per Security Entitlement to Gold shall be determined as an amount equal to the gross proceeds of sale actually realised by the Company from selling gold equal to the Per Security Entitlement to Gold on the Redemption Date to the Gold Sale Counterparty in accordance with the terms of the Gold Sale Method.

Related to Gold Sale Method

  • Net meter means an appropriate energy meter capable of recording both import & export of electricity or a pair of meters one each for recording the import and export of electricity as the case may be;

  • Net Metering Net metering refers to customers who sell electricity they produce, typically through a rooftop solar panel, back to the utility for credit. If you are a net metering customer, you should not enroll with XOOM because your net metering agreement will not transfer to XOOM once you enroll.

  • Non-Retail Behind The Meter Generation means Behind the Meter Generation that is used by municipal electric systems, electric cooperatives, or electric distribution companies to serve load.

  • Scrap metal dealer means a person or governmental unit that buys scrap metal and is not a first purchaser. The term includes, but is not limited to, a person, whether or not licensed under state law or local ordinance, that operates a business as a scrap metal recycler, scrap processor, secondhand and junk dealer, or other person that purchases any amount of scrap metal on a regular, sporadic, or 1-time basis.

  • Xxxxxxx Group means (i) any member of the Xxxxxxx Family, (ii) Xxxxxxx Energy Partners I, LP and SEP Management I, LLC, (iii) Xxxxxxx Parent, (iv) Xxxxxxx Investor, (v) Xxxxxxx Production Partners LP, (vi) Xxxxxxx Oil & Gas Corporation, (vii) Blackstone Newco and (viii) any Person Controlled by any one or more of the foregoing (other than the General Partner, the Partnership or any of their respective Subsidiaries).

  • Xxxxxx Group shall have the meaning set forth in Section 9.2(b) hereof.

  • Ohio Business Gateway means the online computer network system, created under section 125.30 of the Ohio Revised Code, that allows persons to electronically file business reply forms with state agencies and includes any successor electronic filing and payment system.

  • Transportation network company driver or “driver” means an

  • School setting means in the school, on school grounds, in school vehicles, at a designated bus stop or at any activity sponsored, supervised or sanctioned by the school.

  • Distribution Network Operator or “DSO” shall mean the operator of a Distribution Network.

  • Central Automatic Message Accounting (CAMA) Trunk means a trunk that uses Multi-Frequency (MF) signaling to transmit calls from CLEC’s switch to an AT&T-21STATE E911 Selective Router.

  • Generating Market Buyer means an Internal Market Buyer that is a Load Serving Entity that owns or has contractual rights to the output of generation resources capable of serving the Market Buyer’s load in the PJM Region, or of selling energy or related services in the PJM Interchange Energy Market or elsewhere. Generation Capacity Resource:

  • Single coat means one film coating applied to a metal surface.

  • Monte Titoli means Monte Titoli S.p.A.

  • Between merchants means in any transaction with respect to which both parties are chargeable with the knowledge or skill of merchants.

  • Net metering period means the 12-month period following the date of final interconnection of the

  • Automated Message Accounting (AMA means the structure that is inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by iconectiv (formerly known as Telcordia) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Automated Message Accounting (AMA) is a structure inherent in switch technology that initially records Telecommunication message information. AMA format is contained in the Automated Message Accounting document published by Telcordia (formerly known as Bellcore) as GR-1100-CORE, which defines and amends the industry standard for message recording.

  • Behind The Meter Generation shall refer to a generation unit that delivers energy to load without using the Transmission System or any distribution facilities (unless the entity that owns or leases the distribution facilities has consented to such use of the distribution facilities and such consent has been demonstrated to the satisfaction of the Office of the Interconnection); provided, however, that Behind The Meter Generation does not include (i) at any time, any portion of such generating unit’s capacity that is designated as a Generation Capacity Resource; or (ii) in an hour, any portion of the output of such generating unit that is sold to another entity for consumption at another electrical location or into the PJM Interchange Energy Market.

  • SHC means Sears Holdings Corporation.

  • CSDCC means the China Securities Depository and Clearing Co., Ltd. “CSRC” means the China Securities Regulatory Commission.

  • Lead free means that a dwelling, dwelling unit, or premises either contains no

  • BD means Business Day and “DD” means Dealing Day. Any application received after the cut off time on a Dealing Day will be treated as an application for the next Dealing Day.

  • Spot Market Energy means energy bought or sold by Market Participants through the PJM Interchange Energy Market at System Energy Prices determined as specified in Operating Agreement, Schedule 1, section 2, and the parallel provisions of Tariff, Attachment K-Appendix, section 2.

  • Local Exchange Routing Guide or "LERG" means a Telcordia Technologies Reference Document used by LECs and IXCs to identify NPA-NXX routing and homing information as well as Network Element and equipment designations. "Local Interconnection Service (LIS) Entrance Facility" is a DS1 or DS3 facility that extends from CLEC's Switch location or Point of Interconnection (POI) to the CenturyLink Serving Wire Center. An Entrance Facility may not extend beyond the area served by the CenturyLink Serving Wire Center. "Local Interconnection Service (LIS)" is the CenturyLink product name for its provision of Interconnection as described in Section 7 of this Agreement.