London PM Fix definition
Examples of London PM Fix in a sentence
The time on any Business Day when the London P.M. Fix is announced or, if no London P.M. Fix is made on such Business Day or if the London P.M. Fix has not been announced by 12:00 p.m. New York time on such Business Day, 12:00 p.m. New York time.
As used herein, “Trading Day” shall include any day during which the London Bullion Market Association is open for business and provides a London PM Fix for gold.
Neither the Trustee nor the Sponsor shall be liable to any person for the determination that the London P.M. Fix or last prior London "fix" is not appropriate as a basis for evaluation of the Gold held or receivable by the Trust or for any determination as to the alternative basis for evaluation provided that such determination is made in good faith.
Owner can purchase gold specimens at a cost of ten percent (10%) below the London P.M. Fix for gold, and for all other minerals at a cost equal to the prevailing fair market price for such other mineral specimens on the date that the specimen is offered to Owner; the weight of the specimen will be determined by weighing the entire sample, including the matrix.
In the event the Trustee and the Sponsor determine that the London P.M. Fix or last prior London "fix" is not an appropriate basis for evaluation, they shall identify an alternative basis for evaluation to be employed by the Trustee.
In no event shall the Sponsor’s liability for the acts or omissions of the Precious Metals Dealer with respect to a particular transaction exceed the value of the gold delivered to the Precious Metals Dealer in connection with such transaction, such value determined by reference to the London PM Fix for the Share Submission Day applicable to such transaction.
The gold held in the Allocated Account and the Unallocated Account shall be determined based on our end of Business Day balances, and the value of the Gold shall be computed on the basis of the price of an ounce of gold as fixed by the five members of the London gold fix at or about 3:00 p.m. London time (the "London P.M. Fix"), or if no London P.M. Fix is made on such day, on the basis of the last prior London "fix" (A.M. or P.M.).
The gold held in the Allocated Account and the Unallocated Account shall be determined based on our end of Business Day balances, and the value of the Gold shall be computed on the basis of the price of an ounce of gold as fixed by the five members of the London gold fix at or about 3:00 p.m. London time (the “London P.M. Fix”), or if no London P.M. Fix is made on such day, on the basis of the last prior London “fix” (A.M. or P.M.).
Such Finance Fee will be calculated from the date of Early Settlement to the Metal Availability Date using the London P.M. Fix on the date of Early Settlement.
The Gold held in the Allocated Account and the Unallocated Account shall be determined based on our end of Business Day balances, and the value of the Gold shall be computed on the basis of the price of an ounce of gold as fixed by the fixing members of the LBMA at or about 3:00 p.m. London time (the "London P.M. Fix"), or if no London P.M. Fix is made on such day, on the basis of the last prior London "fixing" (A.M. or P.M.).