LBMA Gold definition

LBMA Gold means gold that meets the requirements of “good delivery” under the rules of the LBMA.
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LBMA Gold means LBMA Good Delivery bars (http://www.lbma.org.uk/good- delivery-list-about) deposited with a Custodian by GTSA on behalf of an Authorized Participant.
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Examples of LBMA Gold in a sentence

  • Unless otherwise directed by the Sponsor, the Trustee will sell gold to the Custodian at the next LBMA Gold Price PM following the sale order.

  • The Trustee determines the NAV of the Trust on each day the NYSE Arca is open for regular trading, at the earlier of the LBMA Gold Price PM for the day or 12:00 PM New York time.

  • Unless otherwise directed by the Sponsor, the Administrator will give a sell order and sell gold to the Custodian at the LBMA Gold Price PM following the sell order.

  • Valuation committee will decide the same.3. LBMA Gold Price is quoted for USD/troy ounces.

  • If no LBMA Gold Price PM is made on a particular evaluation day or if the LBMA Gold Price PM has not been announced by 12:00 PM New York time on a particular evaluation day, the next most recent LBMA Gold Price AM or PM is used in the determination of the NAV of GLDM, unless the Administrator, in consultation with the Sponsor, determines that such price is inappropriate to use as the basis for such determination.

  • This means that, without any foreign exchange management, when RMB appreciates or depreciates against the US dollars, the Net Asset Value per Unit will be affected even if the LBMA Gold Price AM remains constant.

  • However, the investment objective of the Fund is to provide investment results denominated in RMB which closely correspond to the LBMA Gold Price AM.

  • Accordingly, although there can be no assurance that the investment strategy adopted by the Manager will be successful, the relative strength of RMB against US dollars is not expected to materially affect the increase and decrease of the Net Asset Value per Unit which is targeted to increase and decrease by the same percentages as the LBMA Gold Price AM in US dollars.

  • However the LBMA Gold Price AM, with whose performance the Fund will seek to closely correspond, is not quoted in RMB but is quoted in US dollars.

  • As a result of the investment strategy described above and the ongoing charges of the Fund, based upon historical data and current market conditions the Manager anticipates that the Fund may suffer a tracking error to the movement of the LBMA Gold Price AM of up to 2% a year, although the Manager estimates that the tracking error will generally be approximately 1.5% a year.

Related to LBMA Gold

  • 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.

  • The Vendor means the person, firm, company or organization on whom the Purchase Order is placed and shall be deemed to include the vendor’s successors, representative heirs, executors and administrator as the case may be. It may also be referred to as Seller, Contractor or Supplier.

  • 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.

  • PMU means the Project Management Unit established in accordance with paragraph 3 of Schedule 5 to this Loan Agreement;

  • THC means tetrahydrocannabinol.

  • AAEC means "Appreciable Adverse Effect on Competition" as per Competition Act

  • DGS&D means Directorate General of Supplies and Disposals

  • Panchayat means an institution (by whatever name called) of self-government constituted under article 243B, for the rural areas;

  • ECO ECO Resources, Inc., a Texas corporation. ---

  • EUMA means the “SAP Delivered Support Agreement” which sets out the terms and conditions under which SAP provides support to End Users and which will be provided by SAP on a deal by deal basis.

  • NPCI means National Payments Corporation of India;

  • Copper Loop is a stand-alone local loop comprised entirely of copper wire or cable. Copper Loops include two-wire and four-wire analog voice-grade copper Loops, digital copper Loops (e.g., DS0s and integrated services digital network lines), as well as two-wire and four-wire copper Loops conditioned to transmit the digital signals needed to provide digital subscriber line services, regardless of whether the copper Loops are in service or held as spares. The copper Loop includes attached electronics using time division multiplexing technology, but does not include packet switching capabilities.

  • SMC means a valid safety management certificate issued for a Vessel by or on behalf of the Administration under paragraph 13.7 of the ISM Code.

  • SANAS means the South African National Accreditation System;

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  • CBM means Capacity Benefit Margin.

  • CBD means cannabidiol.

  • CJA means the Courts of Justice Act, RSO 1990, c C-43, as amended;

  • SWDocID [[6027980]]" "" [[6027980]] on the date that such L/C Disbursement is made, if the Borrower shall have received notice of such L/C Disbursement prior to 10:00 a.m., New York City time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 12:00 p.m., New York City time, on the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to such time on the day of receipt; provided that the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Facility Borrowing, a Swingline Borrowing, a Term SOFR Revolving Facility Borrowing or, if applicable pursuant to Section 2.14, a Daily Simple SOFR Revolving Facility Borrowing in the amount of such L/C Disbursement and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Facility Borrowing, Swingline Borrowing, Term SOFR Revolving Facility Borrowing or Daily Simple SOFR Revolving Facility Borrowing, as applicable. If the Borrower fails to reimburse any L/C Disbursement when due, then the Administrative Agent shall promptly notify the Issuing Bank and each other Revolving Facility Lender of the applicable L/C Disbursement, the payment then due from the Borrower and, in the case of a Revolving Facility Lender, such Xxxxxx’s Revolving Facility Percentage thereof. Promptly following receipt of such notice, each Revolving Facility Lender shall pay to the Administrative Agent in Dollars, its Revolving Facility Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatis mutandis, to the payment obligations of the Revolving Facility Lenders), and the Administrative Agent shall promptly pay to the Issuing Bank in Dollars, the amounts so received by it from the Revolving Facility Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Revolving Facility Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their interests may appear. Any payment made by a Revolving Facility Lender pursuant to this paragraph to reimburse the Issuing Bank for any L/C Disbursement (other than the funding of an ABR Revolving Facility Borrowing, a Swingline Borrowing, a Term SOFR Revolving Facility Borrowing or a Daily Simple SOFR Revolving Facility Borrowing as contemplated above) shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such L/C Disbursement.

  • NSR means net smelter return.

  • Prime Vendor – means any person (natural or juristic) who forwards an acceptable proposal in response to this RFB with the intention of being the main contractor should the proposal be awarded to him/her.

  • Hydrozone means a portion of the landscaped area having plants with similar water needs and rooting depth. A hydrozone may be irrigated or non-irrigated.

  • Bullion means gold, silver, or platinum in a bulk state, where its value depends on its content rather than its form, with a purity of not less than 900 parts per 1,000.

  • Catechumen means a member of the catechumenate of a Catholic Church. This will normally be evidenced by a certificate of reception into the order of catechumens.

  • GFA means gross floor area;

  • TELRIC means Total Element Long-Run Incremental Cost.