Metal Sale Notice definition

Metal Sale Notice means a notice given by the Issuer (or the Adviser on its behalf) to a Metal Counterparty relating to the sale of all or a portion of (i) the Cash Redemption Metal; (ii) the Buy- Back Cash Settlement Metal; (iii) the Affected Securities Redemption Metal; or (iv) the amount of Underlying Metal determined by the Trustee to be required to be sold following service of an Event of Default Redemption Notice, as applicable.
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Examples of Metal Sale Notice in a sentence

  • 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 receipt by the relevant Metals Counterparty of a TER Metal Sale Notice, and delivery of the TER Metal to the relevant Metals Counterparty or to its order, on the TER Metal Sale Date, the relevant Metals Counterparty shall, acting as agent of the Issuer, sell the TER Metal in a timely fashion in accordance with all applicable laws and the terms of the relevant Metals Counterparty Agreement.

  • Each Metal Counterparty has agreed under a Metal Sale Agreement to purchase Metal from the Issuer following effective delivery of a Metal Sale Notice specifying the amount of Underlying Metal to be sold to such Metal Counterparty.

  • 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 Expenses 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.

  • The Custodian will, upon effective delivery (in accordance with the Custody Agreement) of a notice (such notice a “ TER Metal Sale Notice”) from the Administrator specifying the amount of Metal determined by the Administrator (the “TER Metal”) to be sold on the date on which the TER Metal Sale Notice is effective, purchase an amount of Metal equal to the TER Metal from the Issuer in accordance with the Custody Agreement.

  • For the avoidance of doubt the TER Metal shall, in respect of each ETC Security that has been issued since the previous TER Metal Sale Notice, include any Metal representing the reduction in the Metal Entitlement for each such ETC Security accrued between such ETC Security’s Subscription Trade Date and its Issue Date.

  • 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.

  • The Custodian will, upon effectivedelivery (in accordance with the Custody Agreement) of a notice (such notice a “TER Metal Sale Notice”) from the Administrator specifying the amount of Metal determined by the Administrator (the “TER Metal”) to be sold on the date on which the TER Metal Sale Notice is effective, purchase an amount of Metal equal to the TER Metal from the Issuer in accordance with the Custody Agreement.

  • 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.

  • Upon effective delivery of a notice from the Advisor (acting on behalf of the Issuer) to each of the Issuer, the Custodian, the Metal Counterparty, the Administrator and the Security Trustee (a “ TER Metal Sale Notice”) specifying the amount of Metal determined by the Administrator (and verified by the Advisor) (the “TER Metal”) to be sold on the date on which the TER Metal Sale Notice is effective, the Custodian will transfer to the Metal Counterparty an amount of Metal equal to the TER Metal.

Related to Metal Sale Notice

  • Sale Notice has the meaning set forth in Section 9.18(b).

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Sales Notice shall have the meaning ascribed to such term in Section 2(b)(i).

  • Put Option Notice means a notice which must be delivered to a Paying Agent by any Noteholder wanting to exercise a right to redeem a Note at the option of the Noteholder;

  • FOIA notice means a decision notice, enforcement notice and/or an information notice;

  • Rejection Notice has the meaning specified in Section 2.05(b)(v).

  • Call Option Notice means a written notice from the holder of the Call Option or the Administrator, as applicable, stating its desire to exercise the Call Option on the related Reset Date, delivered to each Clearing Agency, the Indenture Trustee, the Remarketing Agents, the Rating Agencies and, if the related class of Reset Rate Notes is then listed on the Luxembourg Stock Exchange, the Administrator will forward a copy to the Luxembourg Listing Agent (the contents of which are to be published in a leading newspaper having general circulation in Luxembourg).