Metal Counterparty definition

Metal Counterparty means HSBC Bank plc and any successor or replacement thereto.
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Metal Counterparty means such metal counterparty or counterparties which, from time to time, are party to a Metal Sale Agreement with the Issuer providing for the purchase of Metal from the Issuer in respect of a Series of Securities, and any successor or replacement thereto.
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Examples of Metal Counterparty in a sentence

  • Following the occurrence of an Early Redemption Trade Date or the Final Redemption Valuation Date, the Custodian shall deliver or procure the delivery of all of the Underlying Metal held by the Custodian (or any Sub-Custodian(s)) to the Metal Counterparty in accordance with Condition 10 ( Metal Sale on Early or Final Redemption) to effect a sale of the Underlying Metal.

  • Subject as provided above, in carrying out any liquidation, the Metal Counterparty will act in good faith and a commercially reasonable manner and will sell at a price which it reasonably believes to be representative of the fair market price of the Underlying Metal being disposed of in the relevant transaction.

  • DETERMINATION SHALL BE MADE BY AND IN THE PRESENCE OF BUREAU OF CONTRACT ADMINISTRATION PERSONNEL.

  • The Issuer reserves the right at any time with the prior written approval of the Trustee to vary or terminate the appointment of the Advisor, the Administrator, the Issuing and Paying Agent, any Paying Agent(s), the Custodian and/or the Metal Counterparty and to appoint additional or other Paying Agents.

  • In carrying out such liquidation, the Metal Counterparty shall sell to a purchaser of Underlying Metal meeting the criteria set out in Condition 10(f).

  • The Metal Counterparty will not be liable to the Issuer or to the Trustee, the Securityholders or any other person merely because a higher price could have been obtained had all or part of the liquidation been delayed or taken place at a different time or had the liquidation not been effected in stages.

  • The Issuer has authorised and directed the Custodian to deliver the Underlying Metal held by the Custodian (or any Sub-Custodian) to, or to the order of, the Metal Counterparty from (and including) the occurrence of the first day of a Redemption Disposal Period, to the extent necessary to effect the liquidation of the Underlying Metal.

  • The cash proceeds of a sale of TER Metal (less any Taxes or other deductions permitted to be made by the Metal Counterparty in accordance with the Metal Sale Agreement) will be paid by the Metal Counterparty to the Issuer Cash Account.

  • The price by reference to which the Metal Counterparty liquidates Underlying Metal on behalf of the Issuer (a Metal Reference Price or market spot price) may fluctuate and assuming all other factors remain constant, lower Metal prices during the relevant Redemption Disposal Period will lead to a lower Early Redemption Amount or Final Redemption Amount, as applicable, payable.

  • The different forms of relocation and accommodation have different advantages and disadvantages.

Related to Metal Counterparty

  • Financial Counterparty has the meaning given to such term in, and shall be interpreted in accordance with, 12 C.F.R. 252.81, 12 C.F.R. 382.1 and 12 C.F.R. 47.2.

  • Swap Counterparty means Lender or an Affiliate of Lender, in its capacity as counterparty under any Swap Contract.

  • Counterparty means PJMSettlement as the contracting party, in its name and own right and not as an agent, to an agreement or transaction with a Market Participant or other entities, including the agreements and transactions with customers regarding transmission service and other transactions under the PJM Tariff and the Operating Agreement. PJMSettlement shall not be a counterparty to (i) any bilateral transactions between Members, or (ii) any Member’s self- supply of energy to serve its load, or (iii) any Member’s self-schedule of energy reported to the Office of the Interconnection to the extent that energy serves that Member’s own load.

  • Cash Management Bank means any Person that, at the time it enters into a Cash Management Agreement, is a Lender or an Affiliate of a Lender, in its capacity as a party to such Cash Management Agreement.

  • Approved Counterparty means (a) any Lender or any Affiliate of a Lender and (b) any other Person whose long term senior unsecured debt rating is A-/A3 by S&P or Xxxxx’x (or their equivalent) or higher.

  • Hedge Agreement means a “swap agreement” as that term is defined in Section 101(53B)(A) of the Bankruptcy Code.

  • Hedge Bank means any Person that is a Lender or an Affiliate of a Lender at the time it enters into a Secured Hedge Agreement, in its capacity as a party thereto.