Metal Security definition

Metal Security means a Metal Share and entitlement to the corresponding Beneficial Interest;
Sample 1Sample 2Sample 3

Examples of Metal Security in a sentence

  • Each Metal Security has a face value known as the “Principal Amount”.

  • On each subsequent day, the metal entitlement in respect of each Metal Security (the “Metal Entitlement per Security”) is reduced at a rate equal to the portion of the total expense ratio (described in section D below) applicable to such day.

  • A Securityholder is entitled to require redemption of the Metal Security and on the redemption settlement date receive an amount of Metal (or cash) equal to the relevant Metal Entitlement.

  • The denominationin respect of a Metal Security will be equal to its Principal Amount.(c)Rights attached to the Metal SecuritiesOverview - The Metal Securities are secured limited recourse debt obligations of the Issuer.

  • The economic value of each Metal Security lies in the Metal Entitlement which is carried around with each Metal Share.

  • Offer price - The offer price per Metal Security will be the delivery of the Metal Entitlement specified in the Final Terms, subject to any applicable fees.

  • The denomination in respect of a Metal Security will be equal to its Principal Amount.(c)Rights attached to the Metal SecuritiesOverview - The Metal Securities are secured limited recourse debt obligations of the Issuer.

  • The Beneficial Interest in the Bullion, corresponding to a particular Metal Security, will pass to a new Holder upon registration of a transfer of the Metal Share in the Share Register as set out in clause 9.

  • The Issuer or its agent may accept the transfer of Subscription Metal by an Applicant for or on behalf of the Trustee as consideration for the issue of a Metal Security.

  • C.8 Rights A Currency-Hedged Metal Security entitles an Authorised Participant to require the redemption of the security by the Issuer and to receive the higher of (i) the minimum denomination for that class of Currency-Hedged Metal Security (known as the “Principal Amount”), and (ii) the Metal Entitlement of that class of Currency-Hedged Metal Security on the applicable day.

Related to Metal Security

  • Security means a mortgage, charge, pledge, lien or other security interest securing any obligation of any person or any other agreement or arrangement having a similar effect.

  • Quasi-Security means an arrangement or transaction described in paragraph (b) below.

  • Financial Security means Financial Security Assurance Inc., a New York stock insurance company, its successors and assigns.

  • Asset-backed security means a security that is primarily serviced by the cash flows of a discrete pool of mortgages, receivables or other financial assets, fixed or revolving, that by their terms convert into cash within a finite period and any rights or other assets designed to assure the servicing or the timely distribution of proceeds to securityholders;

  • Bid Security means the bid security provided by the Contractor to the Authority in accordance with the Request for Proposal, and which is to remain in force until substituted by the Performance Security;