Metal Securities definition

Metal Securities means the Class of Metal Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

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Metal Securities means Individual Securities and Basket Securities

Metal Securities means the securities of each class specified in the Sixth Schedule to the Trust Instrument and includes WisdomTree Physical Swiss Gold Securities and WisdomTree Core Physical Gold Securities;

Examples of Metal Securities in a sentence

• Subject to paragraph 11, HMSL may give a notice to withdraw in respect of an Application for any Currency-Hedged Metal Securities at any time after one hour after Clearing Cut-Off Time on the first Business Day following the Settlement Date in respect of such Application, by sending such notice to AP, if and to the extent that HMSL has not at such time received payment in full of the Application Amount (in the applicable FX Counterparty Account) in respect of such Application.

• Accordingly, this Agreement will in fact comprise not a single agreement, but a series of separate, distinct and independent Authorised Participant Agreements relating to Currency-Hedged Metal Securities entered into between AP and HMSL pursuant to this paragraph.

• The Issuer intends to issue metal securities (each class of metal securities (a “Class”), the “Metal Securities”), including Metal Securities which are FX Unhedged Gold Securities or FX Hedged Gold Securities (any such Class, the “Gold Securities”), from time to time under its metal securities programme (the “Programme”).

• The Authorised Person will not offer or sell any Metal Securities in any jurisdiction other than the United Kingdom in circumstances that would result in any legal or regulatory requirement being imposed on MSL save as expressly provided for in this Agreement.

• Subject to paragraph 11, MSL may give a notice to withdraw in respect of an Application for any Metal Securities at any time after one hour after the Clearing Cut-off Time on the first Business Day following the Settlement Date in respect of such Application, by sending such notice to AP, if and to the extent that MSL has not at such time received the Application Amount in respect of such Application.

• If the UK Listing Authority refuses to admit to the Official List any Metal Securities issued under this Agreement, MSL shall promptly upon becoming aware of that fact notify the AP thereof in accordance with the procedure for sending notices under Clause 8(a).

• AP acknowledges that MSL does not (i) represent that Metal Securities may at any time lawfully be sold in compliance with any applicable registration or other requirements in any jurisdiction other than the United Kingdom, or pursuant to any exemption available thereunder, nor (ii) assume any responsibility for facilitating such sale.

• AP may on any Business Day between 8.00am and 4.30pm give (or cause to be given on its behalf) to MSL a notice in the form prescribed from time to time by the Issuer for the purposes of this paragraph (an “Application”) for the issue by MSL of a specific number and type of Metal Securities.

• If the UK Listing Authority refuses to admit to the Official List any Currency-Hedged Metal Securities issued under this Agreement, HMSL shall promptly upon becoming aware of that fact notify the FX Counterparty and AP thereof in accordance with the procedure for sending notices under Clause 10(d).

• The Authorised Person will not offer or sell any Currency-Hedged Metal Securities in any jurisdiction other than the United Kingdom in circumstances that would result in any legal or regulatory requirement being imposed on HMSL save as expressly provided for in this Agreement.