Examples of Metal Sale Counterparty Agreement in a sentence
In addition, the Metal Sale Counterparty Agreement will terminate automatically if the Unallocated Account Agreement is terminated.
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.
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).
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.
In the event that no replacement Metal Sale Counterparty Agreement is entered into, the Issuer will elect to redeem the outstanding Metal Securities.
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.
In addition the Metal Sale Counterparty Agreement will terminateautomatically if the Unallocated Account Agreement is terminated.
In the event that no replacement Metal Sale Counterparty Agreement is entered into, the Company will elect to redeem the outstanding Metal Securities.
Udsteder vil da sælge den underliggende Bullion til den relevante Custodian (i henhold til vilkårene i en aftale mellem Udsteder, Administratoren og Custodian (hver benævnt "Metal Sale Counterparty Agreement") og anvende det kontante provenu ved salget til at betale indløsningsprovenu til de indløsende Værdipapirindehavere.