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;
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;
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.
Examples of Metal Entitlement in a sentence
The amount of Bullion due with respect to an Application (the “Application Amount”) shall be equal to the aggregate Metal Entitlement of the Currency-Hedged Metal Securities applied for, calculated as at the Application Date (rounded up to the nearest 0.001 ▇▇▇▇ ounce, or fine ▇▇▇▇ ounce in the case of gold).
More Definitions of Metal Entitlement
Metal Entitlement means as at any date and in relation to any Metal Security the
Metal Entitlement means the relevant amount of Bullion to which a Holder of a Metal Share is entitled on each
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)
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;