Metals Account definition

Metals Account means an unallocated Gold metal account denominated in fine ▇▇▇▇ ounces held in the name of K&S SEA or K&S GHC representing the balance of Fine Metal Delivered;
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Metals Account means (i) the gold metals account and (ii) the silver metals account, in each case, opened by the Borrower with the Account Bank.
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Metals Account means such LBMA approved metals account or accounts of the relevant Payees, details of which are to be provided by the Payees not less than 5 Business Days prior to the Commercial Production Date:
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Examples of Metals Account in a sentence

  • Title to the Gold delivered to AGR MATTHEY by K&S shall pass from K&S to AGR MATTHEY upon the crediting of an equal amount of Gold contained in the Gold delivered by K&S to the Metals Account in accordance with Clause 5 of Schedule 2.

  • The balance of the Metals Account (Supply Balance) shall reflect the quantum of Gold Delivered.

  • Subject as provided below, if at any time we so allocate any Precious Metals (the “Converted Precious Metals”) and you have entered into an Allocated Precious Metals Account Agreement with us relating to Precious Metals of the relevant kind, then the Converted Precious Metals shall be held by us upon the terms of that agreement.

  • At the end of each month, K&S will provide AGR MATTHEY with a confirmation detailing the volume of Gold Delivered to K&S at the close of business on the last Business Day of the month (in Toz) AGR MATTHEY shall maintain a Metals Account in the name of K&S with separate sub accounts for K&S SEA and K&S GHC.

  • If a Payee elects to receive any Default Interest in the form of Gold Ounces, the Payor shall deliver Gold Ounces to the applicable Metals Account equal to the result of (i) the Default Interest divided by (ii) the applicable LBMA Gold Fixing Price on the Payment Date the Payor’s corresponding payment obligation originally arose.

  • All investment of funds in the New York Accounts shall be made in the name of and on behalf of the Collateral Agent and should be reflected as such on the books and records of the Securities Intermediary, and shall be at the sole cost and expense of the Borrower and Apex Metals (solely with respect to the Apex Metals Account).

  • Until such time as the Securities Intermediary receives such instructions, it shall credit such amount to the Apex Metals Account.

  • All Hedge Banks shall make all payments of amounts due to Apex Metals under any Mandatory Metals Hedge Agreements in Dollars directly to the Apex Metals Account.

  • The balance of the Metals Account (Supply Balance) shall reflect the quantum of Gold Delivered .

  • Email: ▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ ▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇ If to the Trustee: Wilmington Trust, National Association Attention: Wise Metals Account Manager ▇▇ ▇.


More Definitions of Metals Account

Metals Account means an unallocated Gold metal account denominated in fine troy ounces held in the name of K&S SEA or K&S GHC representing the balance of Fine Metal Delivered;
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Metals Account means an account maintained in the books of the Consignor in the name of the Consignee for the purpose of crediting or debiting Consignment Stock;
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Metals Account means the gold and silver bullion metals account held in the name of KLV with the Perth Mint in existence as at the date of this deed.
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Related to Metals Account

  • AAVS Account means the account to which your Automatic Add Value Service is linked, as defined or specified in the relevant Application Form or such other account as notified to us by the Financial Institution or by the AAVS Account Holder from time to time;

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Seller’s Account means such account as the Seller may specify to the Guarantor from time to time;

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.