London Good Delivery shall have the meaning assigned to such term in the Good Delivery Rules for Gold and Silver Bars contained in the rules promulgated by the LBMA.
London Good Delivery means the specifications for good delivery of bullion as set out in The Good Delivery Rules for Gold and Silver Bars published by the LBMA, as amended from time to time.
London Good Delivery means, for gold and silver bars, London Bullion Market Association requirements acceptable for large gold and silver bars;
Examples of London Good Delivery in a sentence
Typically referred to as 400-ounce bars, a London Good Delivery Bar must contain between 350 and 430 fine troy ounces of gold, with a minimum fineness (or purity) of 995 parts per 1,000 (99.5%), be of good appearance and be easy to handle and stack.
Every Authorized Participant depositing gold under this Agreement shall be deemed thereby to represent and warrant that (a) the deposited gold represents the right to receive gold that meets the London Good Delivery Standards, (b) the Authorized Participant making such deposit is duly authorized to do so and (c) at the time of Delivery, the gold is free and clear of any lien, pledge, encumbrance, right, charge or claim (other than the rights created by this Agreement).
A London Good Delivery Bar is acceptable for delivery in settlement of a transaction on the OTC market.
Gold bars meeting these requirements are known as "London Good Delivery Bars".
A primary function of the LBMA is its involvement in the promotion of refining standards by maintenance of the "London Good Delivery Lists," which are the lists of LBMA accredited smelters and assayers of gold.
More Definitions of London Good Delivery
London Good Delivery means palladium plates and ingots that meet the standard measure of quality in palladium bullion, as applicable, as set forth by the LBMA.
London Good Delivery means platinum plates and ingots that meet the standard measure of quality in platinum bullion as set forth by the LPPM.
London Good Delivery means the standards and specifications for gold and silver bullion that is accepted for trading on the London bullion market as established and published from time to time by the LBMA. NYDOCS02/1023777.17Midway Gold – Pan Gold Project – Credit Agreement
London Good Delivery has the meanings assigned thereto in the good delivery rules, including with respect to the standards and specifications for gold bullion, promulgated by the LBMA from time to time, or the equivalent rules of such other gold market where the Sponsor may direct the Trustee in accordance with Section 3.02(b) to arrange through a Custody Agreement for safekeeping of Gold and services in connection with its deposit and delivery, provided that any gold bullion permitted to be delivered to a Trust Allocated Account in such market shall meet the definition of Gold under this Agreement.
London Good Delivery means a 400 ounce bar of physical gold bullion that contains between 350 to 430 troy ounces manufactured by refiners recognized by the LBMA for the production of London Good Delivery bars with a fineness of 0.9995 or such other fineness determined by the LBMA from time to time.
London Good Delivery means gold bars that meet the standard measure of quality in gold bullion as set forth by the LBMA. (x) “Mint’s Facility” means the Mint’s facility located at 000 Xxxxxx Xxxxx, Xxxxxx, Xxxxxxx, Xxxxxx, X0X 0X0. (y) “Mint’s Responsible Sourcing Requirements” has the meeting ascribed thereto in sub-clause 4.23. (z) “Notice of Discrepancy” means a written notice given by the Mint to the Sponsor pursuant to sub-clause 4.20 informing the Sponsor of a discrepancy between (i) the results of its weighing, count and/or verification made pursuant to sub-clause 4.18; and (ii) the information stated in the relevant Direct Deposit Request Form. (aa) “Notice of Loss” means, as applicable: (i) a written notice given by the Mint in accordance with sub-clause 8.5 informing the Sponsor of the discovery of loss, theft and/or destruction of Fine Gold, and specifying the date on which such loss, theft and/or destruction was discovered; or (ii) a written notice given by the Sponsor in accordance with sub-clause 8.5 informing the Mint of a discrepancy in the quantity of Fine Gold credits stated in monthly statement of account. (bb) “Ounce” means xxxx ounce. (cc) “Physical Withdrawal” means a physical withdrawal of Fine Gold in the form of ESG Approved Gold in furtherance to a Withdrawal Request Form submitted to the Mint in accordance with clause 4 for the purpose of being stored by the Mint on an allocated basis pursuant to the Allocated Gold Storage and Custody Agreement. (dd) “Pool Account” means the account recording the amount, in Ounces, of Fine Gold calculated to three decimal places held by the Mint on behalf of the Trust on an unallocated basis. (ee) “Receipt of Deposit” means the document issued by the Mint to the Sponsor confirming the count, gross weight in xxxx ounces, assay characteristics and bar numbers of the 400-Ounce London Good Delivery bars of ESG Approved Gold produced by the Mint in furtherance to a Withdrawal Request Form and deposited at the Mint’s Facility in accordance with the terms of the Allocated Gold Storage and Custody Agreement. (ff) “Returning Instructions” means written instructions provided by the Sponsor to the Mint informing the Mint of the carrier or representative to whom the Mint is to give Fine Gold for return, the Business Day on which the Fine Gold is to be given to said carrier or representative, said carrier’s or representative’s vehicle model and registration number and any other details which may be requested by the Mint in relati...
London Good Delivery means gold bars that meet the standard measure of quality in gold bullion as set forth by the London Bullion Market Association (“LBMA”). All London