LME Warrants definition

LME Warrants means Warrants (as defined in the LMEsword Regulations) in respect of any type of Metal (being bearer documents held as bailee by the Depository in accordance with the LMEsword Regulations and electronically registered in LMEsword, which are used for the physical settlement of contracts traded on the LME and which evidence title to a specified brand and a specified lot of Metal that is stored at a specified location and warehouse and that declare conformity of such Metal with the LME Special Contract Rules);
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LME Warrants means, in respect of Refined Copper, a bearer document of title recognized by the LME and representing 25 tonnes (+/- 2%) of Refined Copper held in a LME approved warehouse located in a Permitted Warehouse Location.
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LME Warrants has the meaning set out in Section 2.2B(d).
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Examples of LME Warrants in a sentence

  • Proof of ownership will be by transfer of the LME Warrants to Purchaser via “LMEsword” or such other electronic transfer system operated by the LME from time to time.

  • To the extent that any such actions meant that the LME Warrants were not then accessible or available to LME Clear, LME Clear will use its powers under paragraph 3.4 of Clearing Procedure Part D to the Rules whereby LME Warrants could be treated as ineligible Collateral and LME Clear would have the right to call for additional Collateral.

  • The underlying metal to which the LME Warrants relate could be subject to a “Force Majeure” event making such metal no longer available (for a limited or indefinite period).

  • Where the effect of fraud means that LME Warrants are not accessible or available to LME Clear as discussed in paragraph 3.4 of Clearing Procedure Part D to the Rules then LME Clear can call for additional Collateral.

  • Payments may be outstanding and trigger certain rights of an LME warehouse to withhold the metal (for unpaid rent) or the LME may suspend the transfer of LME Warrants in LMEsword where rent payment is outstanding.

  • There is a specific provision (Clause 5.5 (Insurance) in the Security Document referred to in paragraph 6.3(d) above which requires a Member to maintain certain insurances specific to the LME Warrants and Clause 17(b) (Payments and expenses) of that Security Document which imposes an additional obligation to make relevant insurance payments.

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  • This loss would be reversed on a subsequent redemption of the Industrial Metal Securities and cancellation of the equivalent LME Warrants.

  • The terms will provide that the Member agrees to charge and pledge the LME Warrants which it transfers to the LME Clear Pledged Account from time to time in favour of LME Clear as security for its Margin Requirement obligations and any other obligations owed to LME Clear.

  • Therefore, the actual contractual issue and redemption of Industrial Metal Securities occur at a price that fully match gains or losses on the LME Warrants.


More Definitions of LME Warrants

LME Warrants means bearer documents representing 25 tonnes (+/-2%) of Refined Copper held in LME-approved warehouses located in the State of Louisiana, United States of America. The LME Warrants may be transferred electronically to Purchaser via LMEsword.
Sample 1
LME Warrants means, in respect of Refined Lead, Refined Zinc or other refined metal, a bearer document of title recognized by the LME and representing Refined Lead, Refined Zinc or such other refined metal, as the case may be, held in a LME approved warehouse.
Sample 1

Related to LME Warrants

  • 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.

  • 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”.

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

  • 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.

  • 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).

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

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

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

  • Sponsors’ Warrants means the warrants that are being sold privately by the Company simultaneously with the consummation of the IPO; and (vi) “Trust Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

  • 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.

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

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

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • Insider Warrants is defined in the preamble to this Agreement.

  • Investor Warrants has the meaning given it in the recitals of this Agreement.

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

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

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto 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 one year.

  • Closing Warrants shall have the meaning ascribed to such term in Section 2.1(a)(ii).

  • Initial Warrants means the warrant to purchase shares of common stock of the Issuer issued pursuant to the Initial Warrants Purchase Agreement.

  • Company Warrants means warrants to purchase shares of Company Capital Stock.

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

  • Company Convertible Securities means, collectively, any options, warrants or rights to subscribe for or purchase any capital stock of the Company or securities convertible into or exchangeable for, or that otherwise confer on the holder any right to acquire any capital stock of the Company.

  • Book Entry Warrants means Warrants that are to be held only by or on behalf of the Depository;

  • Qualifying Warrants means net share settled warrants to purchase Common Stock that have an exercise price greater than the current Market Value of the issuer’s Common Stock as of their date of issuance, that do not entitle the issuer to redeem for cash and the holders of such warrants are not entitled to require the issuer to repurchase for cash in any circumstance.