Metal Entitlement definition

Metal Entitlement means as at any date and in relation to any Share the amount(s) of Bullion to which the Shareholder is entitled on Redemption of that Share on that date in accordance with the Conditions;
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Metal Entitlement means the relevant amount of Bullion to which a Holder of a Metal Share is entitled on each day, calculated in accordance with Section 2.2 of this Prospectus;
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Metal Entitlement means in respect of a calendar day and a number of Metal Securities of a Class, an amount of Metal equal to the Metal Entitlement per Security with respect to that Class multiplied by that number.
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Examples of Metal Entitlement in a sentence

  • A Securityholder is entitled to require redemption of the Metal Security and on the redemption settlement date receive an amount of Metal (or cash) equal to the relevant Metal Entitlement.

  • The Metal Entitlement for The Royal Mint Physical Gold ETC Securities at the date trading initially commenced in February 2020 was 0.01 fine troy ounce of gold.

  • The Metal Entitlement for The Royal Mint Physical Gold ETC Securities at the date trading commenced is 0.01 fine troy ounce of gold.

  • Expenses - The Metal Entitlement per Security is reduced each day from the first day of listing and trading On- Exchange by the total expense ratio in respect of the relevant Class.

  • Following a subscription for Metal Securities, an authorised participant must deliver Metal with an aggregate weight equal to the Metal Entitlement of the Metal Securities into the secured accounts.

  • Offer price - The offer price per Metal Security will be the delivery of the Metal Entitlement specified in the Final Terms, subject to any applicable fees.

  • The total expense ratio in respect of a Class is applied to the Metal Entitlement per Security for such Class on a daily basis to determine a daily deduction of an amount of Metal from such Metal Entitlement per Security.

  • Such difference may be caused by the deduction of the Product Fee in the calculation of the Metal Entitlement per ETC Security since the previous Observation Date.

  • The economic value of each Metal Security lies in the Metal Entitlement which is carried around with each Metal Share.

  • Whenever there is a transfer in ownership of a Metal Share, there is a corresponding transfer in the ownership of the Metal Entitlement applicable to that Metal Share.


More Definitions of Metal Entitlement

Metal Entitlement means the relevant amount of Bullion to which a Holder of a Metal Share is entitled on each
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Metal Entitlement means as at any date and in relation to any Industrial Metal Security the amount(s) of Metal to which the Security Holder is entitled on Redemption of that Industrial Metal Security on that date in accordance with Condition 5 (Metal Entitlement and Price);
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Metal Entitlement means as at any date and in relation to any Metal Security the amount(s) of Bullion to which the Security Holder is entitled on Redemption of that Metal Security on that date in accordance with Condition 5 (Metal Entitlement)
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Metal Entitlement means evidence of an entitlement to Underlying Metal (including a warehouse warrant, warehouse receipt or other document representing or acknowledging receipt of Underlying Metal) issued by or on behalf of a Warehouse and which meets the requirements of Regulation 3.2.4Error! Reference source not found. of the LMEsword Regulations;
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Metal Entitlement means as at any date and in relation to any Metal Security the
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Related to Metal Entitlement

  • M2M Entitlement means a Non-Monitoring RTO’s share of a M2M Flowgate’s total capability to be used for settlement purposes that is calculated pursuant to Section 6 of Schedule D to this Agreement.

  • Entitlement Order shall have the meaning specified in Section 8-102 of the UCC.

  • Entitlement means the entitlement specified as such in the definition of the relevant Series, subject to any adjustment in accordance with Product Condition 4;

  • Securities Entitlement means the rights and property interests of an Entitlement Holder with respect to a Financial Asset as set forth in Part 5 of Article 8 of the Uniform Commercial Code of the State of New York, as the same may be amended from time to time.

  • Security Entitlement The meaning specified in Section 8-102(a)(17) of the UCC.

  • Security Entitlements means the rights and property interests of an Entitlement Holder with respect to a Financial Asset.

  • Full Entitlement ADR(s) “Full Entitlement ADS(s)” and “Full Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Partial Entitlement ADR(s) “Partial Entitlement ADS(s)” and “Partial Entitlement Share(s)” shall have the respective meanings set forth in Section 2.12.

  • Entitlements means, with respect to any Offering, the license and use types, limits, volume, or other measurement or conditions of permitted use for such Offering as set forth in the applicable Order or Supplemental Terms, including but not limited to any limits or restrictions on the number and categories of users authorized to use such Offering, permitted geographic areas, available storage space, computing power, or other attributes and metrics.

  • Partial Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Clearances means any approvals, consents, clearances, determinations, permissions, confirmations, comfort letters and waivers that may need to be obtained, all applications and filings that may need to be made and all waiting periods that may need to have expired, from or under any Law or practices applied by any Relevant Authority (or under any agreements or arrangements to which any Relevant Authority is a party), in each case that are necessary and/or expedient to satisfy one or more of the Regulatory Conditions; and any reference to any Clearance having been “satisfied” shall be construed as meaning that the foregoing has been obtained, or where relevant, made or expired;

  • Cleared UCAP means the amount of MW (rounded down to the nearest tenth of a MW) that had been subject to an Offer Floor but has cleared in accordance with Section 23.4.5.7.

  • settlement system means a system established and operated by the Bank to facilitate the transfer of funds for the discharge of payment and settlement obligations between system participants;

  • License, permit, or other entitlement for use means all business, professional, trade and land use licenses and permits and all other entitlements for use, including all entitlements for land use, all contracts (other than competitively bid, labor, or personal employment contracts), and all franchises.

  • CFIUS Clearance means that any of the following shall have occurred: (i) the 45 day review period under the DPA commencing on the date that the CFIUS Notice is accepted by CFIUS shall have expired and the parties shall have received written notice from CFIUS that such review has been concluded and that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns; (ii) an investigation shall have been commenced after such 45 day review period and CFIUS shall have determined to conclude all deliberative action under the DPA without sending a report to the President of the United States, and the parties shall have received written notice from CFIUS that either the Contemplated Transactions do not constitute a “covered transaction” under the DPA or there are no unresolved national security concerns, and all action under the DPA is concluded with respect to the Contemplated Transactions; or (iii) CFIUS shall have sent a report to the President of the United States requesting the President’s decision and either (A) the period under the DPA during which the President may announce his decision to take action to suspend, prohibit or place any limitations on the Contemplated Transactions shall have expired without any such action being threatened, announced or taken or (B) the President shall have announced a decision not to take any action to suspend, prohibit or place any limitations on the Contemplated Transactions.

  • Clearance means national security clearance and employment checks undertaken by and/or obtained from the Defence Vetting Agency;

  • Disclosure Statement Order means the order entered by the Bankruptcy Court (a) approving the Disclosure Statement as containing adequate information required under section 1125 of the Bankruptcy Code, and (b) authorizing the use of the Disclosure Statement for soliciting votes on the Plan.

  • Clearance System means the principal domestic clearance system customarily used for settling trades with respect to the Underlying as determined by the Calculation Agent acting in accordance with relevant market practice and in good faith.

  • Entitlement Holder means, with respect to any financial asset, a Person identified in the records of the Securities Intermediary as the Person having a Security Entitlement against the Securities Intermediary with respect to such financial asset.

  • Full Entitlement Share(s) shall have the respective meanings set forth in Section 2.12.

  • Settlement System Code means the specifications, standards, methods, calculations and conventions established under the AUC Settlement System Code Rule 021, as amended or replaced from time to time;

  • CCC means Customer Care Centre

  • COVERED HEALTHCARE SERVICES means any service, treatment, procedure, facility, equipment, drug, device, or supply that we have reviewed and determined is eligible for reimbursement under this plan.

  • Credit Risk Management Agreement The respective agreements between the Credit Risk Manager and the Servicer and/or Master Servicer regarding the loss mitigation and advisory services to be provided by the Credit Risk Manager.

  • PJM Interchange Energy Market means the regional competitive market administered by the Office of the Interconnection for the purchase and sale of spot electric energy at wholesale in interstate commerce and related services established pursuant to Operating Agreement, Schedule 1, and the parallel provisions of Tariff, Attachment K - Appendix.

  • Interconnection equipment means a group of components or an integrated system owned and operated by the interconnection customer that connects an electric generator with a local electric power system, as that term is defined in Section 3.1.6.2 of IEEE Standard 1547, or with the electric distribution system. Interconnection equipment is all interface equipment including switchgear, protective devices, inverters or other interface devices. Interconnection equipment may be installed as part of an integrated equipment package that includes a generator or other electric source.