Metal Sale definition

Metal Sale means the sale of Metal to a Metal Counterparty pursuant to the relevant Metal Sale Agreement and Condition 12.
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Metal Sale means in relation to the Optional Redemption (by one or more Securityholders) or the Compulsory Redemption of any Metal Securities, settlement of the Issuer’s obligations in respect of such Redemption by sale of an amount of Metal equal to the Metal Entitlement of such Metal Securities and payment of the Net Redemption Sale Proceeds as more particularly provided for in Condition 7.8 (Metal Sale) or Condition 8.5 (Compulsory Redemption Process) (as the case may be).
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Metal Sale means a sale of Metal in connection with a Redemption of ETC Securities or a TER Metal Sale, or an enforcement of Security, as the context shall require, in each case effected by the relevant Metals Counterparty under and in accordance with the relevant Metals Counterparty Agreement and the Conditions.
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Examples of Metal Sale in a sentence

  • The Tender Offer commenced on May 19, 2011 and expired on June 27, 2011.

  • If the Holder fails to return the Insolvency Event Redemption Notice by the specified date, the Holder is deemed to have elected the Metal Sale Method and instructed the Trustee, as its agent, to sell its Bullion, and clause 10.5 will apply.

  • If the Holder elects the Metal Sale Method, then clause A15 of the Constitution will apply.

  • The Trustee is not liable for any cost, expense, loss or liability incurred by the Holder in relation to the sale of the Bullion in accordance with the Metal Sale Method.

  • For the avoidance of doubt, if a Buy-Back Order is cancelled in respect of an ETC Security, the Metal Entitlement for such ETC Security following such cancellation shall be adjusted to reflect the Total Expense Ratio that should have applied to such Metal Entitlement from (and including) the relevant Buy-Back Trade Date to (and including) the relevant date of cancellation of such Buy-Back Order, and the immediately following TER Metal Sale Notice shall account for any such adjustment.

  • 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, the Primary Sub-Custodians (or any Sub-Custodian(s)) to or to the order of the relevant Metals Counterparty in accordance with Condition 10 ( Metal Sale on Early or Final Redemption) to effect a sale of the Underlying Metal.

  • The Issuer shall as soon as reasonably practicable give notice to each Transaction Party and the ETC Holders in accordance with Condition 19 ( Notices) of the Early Redemption Trade Date, the Metal Sale Cut-Off Date and the Early Redemption Settlement Date of the ETC Securities.

  • A14 Metal Sale Method(a) If the Metal Sale Method applies as a result of clause A12(b)(i) or (ii) then the Company may, in its absolute discretion, store the Bullion for up to 12 months from the Redemption Date before selling.

  • If the Metal Sale Method applies in accordance with clause A14 of the Constitution, then the Holder instructs or is deemed to instruct the Trustee, as its agent, to arrange for the sale of the Bullion in accordance with clause A14 of the Constitution and irrevocably authorises the Trustee to appoint the Issuer its agent and to act in accordance with the Issuer's instructions.

  • 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.


More Definitions of Metal Sale

Metal Sale means in relation to the Redemption of any Metal Securities, settlement of the Issuer’s Redemption Obligations in respect thereof by sale of Bullion to the Metal Sale Counterparty pursuant to the Metal Sale Counterparty Agreement and payment of the proceeds of sale to the relevant Security Holder in accordance with the Conditions
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Metal Sale means in relation to the Redemption of any Industrial Metal Securities, settlement of the Issuer’s Redemption Obligations in respect thereof by sale of Metal by the Issuer on behalf of the Security Holder and payment of the net proceeds of sale (less any applicable Redemption Fee) to the relevant Security Holder in accordance with the Conditions as provided for in Condition 6.15 (Metal Sale) and Condition 7.8.3
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Related to Metal Sale

  • Casual sale means a sale of an item of tangible personal property that was obtained by the person making the sale, through purchase or otherwise, for the person's own use and was previously subject to any state's taxing jurisdiction on its sale or use, and includes such items acquired for the seller's use that are sold by an auctioneer employed directly by the person for such purpose, provided the location of such sales is not the auctioneer's permanent place of business. As used in this division, "permanent place of business" includes any location where such auctioneer has conducted more than two auctions during the year.

  • Retail sale or a "sale at retail" means a sale to any person for any purpose other than for resale in

  • Initial Sale is defined in the recitals of this Agreement.

  • Vapor product means any:

  • Finished Product means a cannabis product in its final form to be sold at a retail premises.

  • Marihuana-infused product means a topical formulation, tincture, beverage, edible substance, or similar product containing marihuana and other ingredients and that is intended for human consumption.

  • Mercury-added product means a product or product component that contains mercury or a mercury compound that was intentionally added;

  • Sale as used in this paragraph shall have the meanings ascribed thereto by governing law and any interpretation thereof contained in rules or regulations promulgated by the Securities and Exchange Commission thereunder.

  • Spray buff product means a product designed to restore a worn floor finish in conjunction with a floor buffing machine and special pad.

  • Net Sales means [***].

  • Licensed Product means a product, method or service in the Licensed Field of Use, the making, having made, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent.

  • First Commercial Sale means the first sale for use or consumption of any Licensed Product in a country after all required Regulatory Approvals for commercial sale of such Licensed Product have been obtained in such country.

  • Finished Products means any one or more of the following petroleum oils, or a mixture or combination of these oils, to be used without further processing except blending by mechanical means:

  • Marijuana product means marijuana as defined in 50-32-101 and marijuana-infused products

  • Video lottery terminal sales agent means a lottery sales agent licensed under Chapter 3770. of the ORC to conduct video lottery terminals on behalf of the state pursuant to Section 3770.21 of the ORC.

  • Cannabis product means cannabis that has undergone a process whereby the plant material has been transformed into a concentrate, including, but not limited to, concentrated cannabis, or an edible or topical product containing cannabis or concentrated cannabis and other ingredients.

  • Existing Product means any formulation of the same product category and form sold, supplied, manufactured, or offered for sale in California prior to the following dates, or any subsequently introduced identical formulation:

  • conditional sale agreement means an agreement for the sale of goods under which the purchase price or part of it is payable by instalments, and the property in the goods is to remain in the seller (notwithstanding that the buyer is to be in possession of the goods) until such conditions as to the payment of instalments or otherwise as may be specified in the agreement are fulfilled;