LME Warrant definition

LME Warrant means a ‘warrant’ as defined in the LMEsword Regulations in respect of any type of Base Metal (being a bearer document of title issued by an LME Approved Warehouse through a London agent evidencing title to a specified Lot of physical Metal of a specified LME-registered brand stored in a specified LME Approved Warehouse and which declares conformity of such physical Metal with the applicable LME Physical Contract Specifications), which document is held as bailee by the Depository in accordance with the LMEsword Regulations and electronically registered in LMEsword and used for the physical settlement of contracts traded on the LME.
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LME Warrant means a transferable numbered, stamped and signed receipt, described in its heading as a London Metal Exchange warrant and on which it is certified that the holder is entitled to receive a specific quantity of goods of a specific kind and which is and will be construed to be a document of title;
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Examples of LME Warrant in a sentence

  • LME Lot” means Lots an LME Lot of a Base Metal evidenced by an LME Warrant, each specifically identified by reference to one or more of the following identifying characteristics: (i) the name of the producer; (ii) the brand; (iii) the lot number; (iv) the bundle number; (v) the gross and net weight and / or (vi) the quality of the Metal.

  • The Company may make such assistance conditional upon payment of all amounts that are due to the Company by the LME Warrant Holder.

  • In ascertaining the nature and quantity of the Goods to be stated on the duplicate LME Warrant, the Company shall rely on its own records as valid evidence thereof.

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  • A replacement LME Warrant may be issued upon the completion of the procedures set out in Clauses 12.3,12.4 and 12.5 and/or such other relevant procedures as the Company may determine and provided that the party applying for a replacement LME Warrant indemnifies the Company for any all Losses (as defined in Clause 15.1 ) it may suffer as a result to the issuance of a replacement LME Warrant and upon the said party making payment of the expenses involved.

  • LME Clear initiates LME Warrant Allocation and Delivery Process.Buyers receive LME Warrants in fulfilment of their deliveryentitlements.

  • Such party will, if possible, mention in its application to the Company the cause of the loss, damage or destruction of the LME Warrant and the grounds on which the applicant bases his title to the Goods.

  • By 10:30Seller shall inform LME Clear Operations if their LME Warrant delivery will be late orif they cannot deliver.

  • In ascertaining the nature and quantity of the Goods to be stated on the duplicate LME Warrant, the Company will rely on itsown records as valid evidence thereof.

  • By such nullification, the original LME Warrant will have lost its value and all the Company’s obligations arising from the original LME Warrant will cease.

Related to LME Warrant

  • Parent Warrant means each Parent Private Warrant and Parent Public Warrant.

  • Call Warrant As defined in the recitals.

  • New Warrant Agreement means that certain agreement providing for, among other things, the issuance and terms of the New Warrants issued by New Valaris Holdco as set forth in the Restructuring Term Sheet.

  • Series C Warrants means, collectively, the Series C Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 9 months, in the form of Exhibit A attached hereto.

  • this Warrant means, collectively, this Warrant and all other stock purchase warrants issued in exchange therefor or replacement thereof.

  • SPAC Warrants means SPAC Private Warrants and SPAC Public Warrants, collectively.

  • Common Warrant Shares means the shares of Common Stock issuable upon exercise of the Common Warrants.

  • Series D Warrants means series D share purchase warrants of the Corporation issued to RTIH on May 22, 2012 in connection with the 2012 Rights Offering in accordance with the 2012 MoA, the terms of which are more particularly described under the heading “General Development of the Business – Agreements with the Rio Tinto Group – 2012 MoA”.

  • Parent Warrants has the meaning set forth in Section 5.3(a).

  • Series B Warrants means, collectively, the Series B Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof and the other Series B Warrants contemplated under Section 2.1 to be issued concurrently at the Closing, which Series B Warrants shall be exercisable beginning immediately and have a term of exercise equal to five (5) years, in the form of Exhibit B-2 attached hereto.

  • Option Warrants shall have the meaning ascribed to such term in Section 2.2(a).

  • Warrant means this Warrant and all Warrants issued in exchange, transfer or replacement thereof.

  • Series A Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately from the Closing Date and have a term of exercise equal to five (5) years, in the form of Exhibit A attached hereto.

  • Company Warrant means a warrant to purchase shares of Company Capital Stock.

  • Private Warrants means the Warrants the Investors are privately purchasing simultaneously with the consummation of the Company’s initial public offering.

  • Warrant Securities means this Warrant and the Warrant Shares, collectively.

  • Purchase Option As defined in Section 3.18(c).

  • U.S. Warrantholder means any Warrantholder that is a U.S. Person, acquired Warrants in the United States or for the account or benefit of any U.S. Person or Person in the United States;

  • Existing Warrants means any warrants to purchase Common Stock outstanding on the date of this Agreement.

  • New Warrants means those certain warrants to purchase New Valaris Equity on the terms set forth in the New Warrant Agreement.

  • Common Warrants means, collectively, the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Common Warrants shall be exercisable immediately upon issuance and have a term of exercise equal to five (5) years from the initial exercise date, in substantially the form of Exhibit A attached hereto.

  • Warrant Stock means Common Stock issuable upon exercise of any Warrant or Warrants or otherwise issuable pursuant to any Warrant or Warrants.

  • Warrant Shares means the shares of Common Stock issuable upon exercise of the Warrants.

  • Warrant Certificate means a certificate in substantially the form attached as Exhibit 1 hereto, representing such number of Warrant Shares as is indicated therein, provided that any reference to the delivery of a Warrant Certificate in this Agreement shall include delivery of a Definitive Certificate or a Global Warrant (each as defined below). All other capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Warrant Certificate.

  • Private Placement Warrants Purchase Agreement shall have the meaning given in the Recitals hereto.

  • Current Warrant Price means, in respect of a share of Common Stock at any date herein specified, the price at which a share of Common Stock may be purchased pursuant to this Warrant on such date. Unless and until the Current Warrant Price is adjusted pursuant to the terms herein, the initial Current Warrant Price shall be $2.36 per share of Common Stock.