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 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.

  • If the Holder elected the Metal Sale Method, the Holder becomes responsible and liable for all the costs associated with sale of the Bullion in accordance with the Metal Sale Method.

  • In addition, the Metal Sale Counterparty Agreement will terminate automatically if the Unallocated Account Agreement is terminated.

  • Once theproceeds are received, they will be paid in US dollars (or in Australian dollars if through CHESS), less any Redemption Fee, on the Settlement Date, that is, on a T+2 basis.Neither the Trustee nor the Company shall be responsible or liable for any failure by the Custodian (or the Metal Sale Counterparty) to effect a payment of Bullion (or dollars) in accordance with the instructions of the Trustee and/or the Company.

  • The Directors will manage the Company including by ensuring that all services to be provided under the Service Agreement, the Metal Sale Counterparty Agreement and the Custodian Agreements are provided in accordance with the terms of each agreement.The above arrangements mean that the net operating income or loss of the Company is generally nil.Financial statements of the Company as at 31 December 2021 have been lodged with ASIC and can may be obtained from, or inspected at, an ASIC office.

  • The documents which, in addition to this Prospectus, set out the terms and conditions relating to the Metal Securities and the holding of the Bullion comprise:• the Constitution;• the Trust Deed;• the Custodian Agreements;• the Service Agreement; and• the Metal Sale Counterparty Agreement.Details are set out in Section 6 (Constitution), Section 7 (Trust Deed) and Section 8 (Summary of Other Transaction Documents).

  • In the event that no replacement Metal Sale Counterparty Agreement is entered into, the Company will elect to redeem the outstanding Metal Securities.Consequently, an investment in Metal Securities may be redeemed earlier than desired by a Holder.

  • The documents which, in addition to this Prospectus, set out the terms and conditions relating to the Metal Securities and the holding of the Bullion comprise:• the Constitution;• the Trust Deed;• the Custodian Agreements;• the Service Agreement; and• the Metal Sale Counterparty Agreement.

  • 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.

  • The governing law, submission to jurisdiction and service of process with respect to each of the Trust Deed, the Metal Sale Agreement, the Agency Agreement, the Account Bank Agreement, the Custody Agreement, the Administration Agreement, the Irish Law Security Trust Deed and the English Law Security Trust Deed shall be governed by and construed in accordance with the provisions specified in such document as being applicable thereto.


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 7.8.4;
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Related to Metal Sale

  • Casual sale means an isolated or occasional sale of an item of tangible personal property or a specified digital product by a person who is not regularly engaged in the business of making retail sales of such property or product where the item of tangible personal property or the specified digital product was obtained by the person making the sale, through purchase or otherwise, for the person's own use.

  • Commercial Sale means the sale of Product (as indicated by shipment of Product) to an unaffiliated third-party of the Licensee, or of its sublicensee or distribution partner, such as a wholesaler, managed care organization, hospital or pharmacy and shall exclude (i) any transfer of Product by Licensee to its sublicensee, distribution partner or Affiliate and (ii) any distribution of Product for use in research, development, pre-clinical and clinical trials.

  • Metal tire means every tire the surface of which in contact with the highway is wholly or partly of metal or other hard, nonresilient material.

  • Optional Sale has the meaning assigned to that term in Section 2.07(c).

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

  • Aerosol coating product means a pressurized coating product containing pigments or resins that dispenses product ingredients by means of a propellant, and is packaged in a disposable can for hand-held application, or for use in specialized equipment for ground traffic/marking applications.

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

  • Marijuana-infused products means products that contain marijuana or marijuana extracts and are intended for human use. The term "marijuana-infused products" does not include useable marijuana.

  • Vapor product means any:

  • 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.

  • 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.

  • Royalty-Bearing Product means (a) any Product that is not a Co-Developed Product and (b) any Co-Developed Product to the extent sold outside of the Co-Development Territory.

  • Delivery sale means any sale of a vapor product to a

  • Net Sales means [***].

  • Licensed Product means a product or part of a product in the Licensed Field of Use: (A) the making, using, importing or selling of which, absent this license, infringes, induces infringement, or contributes to infringement of a Licensed Patent; or (B) which is made with, uses or incorporates any Technology.

  • Competing Product means [***].

  • 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.

  • 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;

  • Additional Product means any Product identified as such in the Product Terms and chosen by Enrolled Affiliate under this Enrollment.

  • Licensed Products means tangible materials which, in the course of manufacture, use, sale, or importation, would be within the scope of one or more claims of the Licensed Patent Rights that have not been held unpatentable, invalid or unenforceable by an unappealed or unappealable judgment of a court of competent jurisdiction.

  • Competing Products means any product or service in existence or under development that competes with any product or service of the Company Group about which the Participant obtained Confidential Information or for which the Participant provided advisory services or had sales, origination, marketing, production, distribution, research or development responsibilities in the last twenty-four (24) months of employment with the Company Group.