Examples of Metal Delivery in a sentence
If the Holder elected the Metal Delivery Method, then the Holder becomes immediately responsible for all matters relating to the transfer, delivery, custody or on-going storage of the Bullion and for all costs, expenses and liabilities in relation to the Bullion.
The legal interest in the Bullion transfers to the Holder on the Delivery Date if the Metal Delivery Method Applies or on the Redemption Date if the Metal Sale Method applies, and all title to the Bullion and all risks in and relating to the Bullion pass to the Holder.
A Holder may elect payment on Redemption to be in metal (the Metal Delivery Method) or cash (the Metal Sale Method) but may only elect the former if they have an unallocated metal account with abullion dealer in London or Zurich, who is a member of the LBMA or LPPM, to which such metal is to be transferred.
Redemptions using the Metal Sale Method will follow the same procedures as the Metal Delivery Method except that the Trustee will sell Bullion to the Metal Sale Counterparty pursuant to the Metal Sale Counterparty Agreement in an amount equal to the aggregate Metal Entitlement of the Metal Securities being redeemed, calculated as at the Settlement Date (rounded down to the nearest 0.001 troy ounce, or fine troy ounce in the case of gold).
Redemptions using the Metal Delivery Method shall be made by the Custodian, on approval of the Trustee, by withdrawing Bullion from the Metal Accounts in an amount equal to the aggregate Metal Entitlement of the Metal Securities being redeemed, calculated asat the Settlement Date (rounded down to the nearest0.001 troy ounce, or fine troy ounce in the case of gold), and delivering the same to the unallocated metal account of the redeeming Holder.
Redemptions using the Metal Delivery Method shall be made by the Custodian, on approval of the Trustee, by withdrawing Bullion from the Metal Accounts in an amount equal to the aggregate Metal Entitlement of the Metal Securities being redeemed, calculated as at the Settlement Date (rounded down to the nearest 0.001 troy ounce, or fine troy ounce in the case of gold), and delivering the same to the unallocated metal account of the redeeming Holder.
On motion of Mr. Holland, seconded by Mr. Warren, the Board added Item 8.C.11., Approval of Agreements for the Chesterfield Center for the Arts and Set a Public Hearing to Consider a Ground Lease; and added Item 8.C.12., Authorization for the County Administrator to Execute the Special Project Service Agreement for Appliance and Scrap Metal Delivery and Recycling Services through the Central Virginia Waste Management Authority.
A Holder may elect payment on Redemption to be in metal (the Metal Delivery Method) or cash (the Metal Sale Method) but may only elect the former if they have an unallocated metal accountwith a bullion dealer in London, who is a member of the LBMA or LPPM, to which such metal is to be transferred.
A Holder may elect payment on Redemption to be in metal (the Metal Delivery Method) or cash (the Metal Sale Method) but may only elect the former if they have an unallocated metal account with a bullion dealer in London or Zurich, who is a member of the LBMA or LPPM, to which such metal is to be transferred.
Herbertson, Q.L. He, P.J. Flint, R.B. Mahapatra, "Modelling of Metal Delivery to Continuous Casting Moulds," in Steelmaking Conf.