LME Approved Warehouse definition

LME Approved Warehouse means a warehouse or storage facility which has been approved by the LME as meeting the LME’s criteria for the secure storage of LME-registered brands of metal on behalf of warrant holders and to issue LME Warrants through a London agent for material delivered into such approved warehouse.
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Examples of LME Approved Warehouse in a sentence

  • As soon as physical Base Metal becomes available (whether in transit and evidenced by a Bill of Lading or at the LME Approved Warehouse of a Primary Sub-Custodian or Sub-Custodian), the Custodian will exchange such LME Warrants for such physical Base Metal.The custodial service provided by the Custodian under the Custody Agreement is not a regulated activity subject to the supervision and rules of any regulatory authority.

  • In addition, the movement of Metal between the LME and non-LME areas of an LME Approved Warehouse could result in such Metal being lost, stolen or damaged.

  • The Custodian shall hold, or procure that it or the relevant Primary Sub-Custodian holding the relevant Off-Warrant Account for the account on behalf of the Issuer at the relevant LME Approved Warehouse shall hold, the Warehouse Receipts the Unconditional Releases and Storage Confirmations (as applicable) evidencing title to the Issuer’s ownership of the Metal comprising the balance of the relevant Off-Warrant Account in safe custody for and on behalf of the Issuer.

  • Although all Base Metal will be held in LME Approved Warehouses, physical Base Metal may be stored either in the LME-registered area of an LME Approved Warehouse or in a separate area within the same LME Approved Warehouse, which is not subject to LME Rules or supervision.

  • Recognising these and the associated methodological limitations they contributed to is a hallmark of high quality research.The most significant limitation faced by this study was challenges identifying the intended sample.

  • As soon as physical Metal becomes available (whether in transit and evidenced by a Bill of Lading or at the LME Approved Warehouse of a Primary Sub- Custodian or Sub-Custodian), the Custodian will exchange such LME Warrants for such physical Metal.The custodial service provided by the Custodian under the Custody Agreement is not a regulated activity subject to the supervision and rules of any regulatory authority.

  • The Metal in transit evidenced by a Bill of Lading could be lost, stolen or damaged while en route to an LME Approved Warehouse, as a result of natural events, such as storms or other severe weather events, human error or other human actions, such as terrorist attack.

  • ETC Securities backed by Base Metals may temporarily be backed by Bills of Lading The Custodian may temporarily hold Bills of Lading on behalf of the Issuer which have been delivered by a Metals Counterparty on behalf of an Authorised Participant on settlement of Subscriptions where no physical Base Metal of the relevant type is available off warrant at the LME Approved Warehouse of a Primary Sub- Custodian or other Sub-Custodian.

  • Our subsidiary, Mac-Nels Warehousing, is a LME Approved Warehouse Company and is authorised to operate our LME Approved Warehouses.

  • As soon as physical Base Metal becomes available (whether in transit and evidenced by a Bill of Lading or at the LME Approved Warehouse of a Primary Sub-Custodian or Sub-Custodian), the Custodian will exchange such LME Warrants for such physical Base Metal.

Related to LME Approved Warehouse

  • CAISO-Approved Meter means any revenue quality, electric energy measurement meter furnished by Seller, that (a) is designed, manufactured and installed in accordance with the CAISO’s metering requirements, or, to the extent that the CAISO’s metering requirements do not apply, Prudent Electrical Practices, and (b) includes all of the associated metering transformers and related appurtenances that are required in order to measure the net electric energy output from the Generating Facility.

  • approved facility means any private practice, hospital, clinic or other health facility in Namibia defined in section 1 of the Hospitals and Health Facilities Act, 1994 (Act No. 36 of 1994), approved by the Council for the purpose of the training of hearing aid acoustics interns, and “facility” has a corresponding meaning;

  • Transit-oriented facility means a facility that houses a transit station in a manner that promotes transit ridership or passenger rail use.

  • bonded warehouse means any warehouse or other place licensed by the Commissioner for the deposit of dutiable goods on which import duty has not been paid and which have been entered to be warehoused;

  • Modular building manufacturer means a person or corporation who owns or operates a

  • Approved Source means Cisco or a Cisco authorized reseller, distributor or systems integrator.

  • the Approved Guidance means such guidance on the obtaining, recording and maintaining of information about costs and on the breaking down and allocation of costs by reference to Approved Reporting Currencies as may be published by Monitor; “Approved ReportingCurrencies” means such categories of cost and other relevant information as may be published by Monitor; “other relevant information” means such information, which may include quality and outcomes data, as may be required by Monitor for the purpose of its functions under Chapter 4 (Pricing) in Part 3 of the 2012 Act.

  • Approved Vendor means a person who has been approved for inclusion on an

  • Major medical equipment means medical equipment which is used for the provision of medical and other health services and which costs in excess of the capital expenditure minimum, except that such term does not include medical equipment acquired by or on behalf of a clinical laboratory to provide clinical laboratory services if the clinical laboratory is independent of a physician's office and a hospital and it has been determined under Title XVIII of the Social Security Act to meet the requirements of paragraphs (10) and (11) of Section 1861(s) of such Act. In determining whether medical equipment has a value in excess of the capital expenditure minimum, the value of studies, surveys, designs, plans, working drawings, specifications, and other activities essential to the acquisition of such equipment shall be included.

  • Approved Flag means the Xxxxxxxx Islands flag, the Liberian flag, the Panama flag or any other flag which the Agent may approve as the flag on which a Ship may be registered;

  • New equipment means equipment for which, by the cut-off date, neither of the following events has occurred:

  • City-based manufacturer means a person who: (i) holds any appropriate city license; (ii) is subject to applicable city taxes; and (iii) owns, operates, or leases a manufacturing facility within the city.

  • Medical marijuana concentrate means a specific subset of Medical Marijuana that was produced by extracting cannabinoids from Medical Marijuana. Categories of Medical Marijuana Concentrate include Water-Based Medical Marijuana Concentrate, Food-Based Medical Marijuana Concentrate and Solvent-Based Medical Marijuana Concentrate.

  • Licensed facility means a facility licensed by the department under section 137 or an adult foster care facility.

  • Approved Device means a device described in Subsection 20A-21-201(4) used to

  • Medical equipment means equipment used in a patient care environment to support patient treatment and diagnosis.

  • Approved Flag State means the Xxxxxxxx Islands, Liberia or any other country in which the Agent, may in its sole and absolute discretion, approve that a Ship be registered;

  • Chain pharmacy warehouse means a physical location for prescription drugs that acts as a central warehouse and performs intracompany sales or transfers of the prescription drugs to a group of chain pharmacies that have the same common ownership and control.

  • Customer Interconnection Facilities means all facilities and equipment owned and/or controlled, operated and maintained by Interconnection Customer on Interconnection Customer’s side of the Point of Interconnection identified in the appropriate appendices to the Interconnection Service Agreement and to the Interconnection Construction Service Agreement, including any modifications, additions, or upgrades made to such facilities and equipment, that are necessary to physically and electrically interconnect the Customer Facility with the Transmission System.

  • Approved Location means (a) a storage terminal or facility located in the United States or Canada owned by the Borrower or a Subsidiary; or (b) other storage location located in the United States or Canada identified by the Borrower by notice to the Administrative Agent for which, if requested by the Administrative Agent, the Borrower has used commercially reasonable efforts to cause the owner, operator or landlord thereof to execute and deliver, a waiver of lien, subordination agreement or similar agreement in form and substance reasonably acceptable to the Administrative Agent with respect to any inventories of Petroleum Products stored at such terminal or facility.

  • Service Equipment means any equipment, Software, systems, cabling and facilities provided by or on behalf of Verizon and used to facilitate provision of the Services at a Customer Site. Ownership of the Service Equipment does not pass to Customer. Service Equipment does not include Verizon Facilities.

  • As built plans means drawings depicting conditions as they were actually constructed.

  • Approved Use means the use of the Project for the operation of a Healthcare Facility as a ___ ____ [insert type of facility] with __ __ [beds/units] [of which not less than __ ___ [beds/units] are [to be] in use] and such other uses as may be approved in writing from time to time by HUD based upon a request made by the Borrower, Operator, or Master Tenant, but excluding any uses that are discontinued with the written approval of HUD. Master Tenant shall ensure that use of the Healthcare Facility is in accordance with the Approved Use.

  • Authorized Facilities means the public facilities authorized to be financed, in whole or in part, by the CFD.

  • Clean coal technology demonstration project means a project using funds appropriated under the heading “Department of Energy—Clean Coal Technology,” up to a total amount of $2,500,000,000 for commercial demonstration of clean coal technology, or similar projects funded through appropriations for the Environmental Protection Agency. The federal contribution for a qualifying project shall be at least 20 percent of the total cost of the demonstration project.

  • Clean coal SNG facility means a facility that uses a