Metals Account definition

Metals Account means an unallocated Gold metal account denominated in fine xxxx 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 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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Examples of Metals Account in a sentence

  • Any gold allocated to the Fund through the Allocated Precious Metals Account will be in the form of bars or ingots that comply with the London Good Delivery Requirements.

  • 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.

  • Gold bullion held in this manner is an asset of the Fund and does not give the Fund proprietary rights to specific bars or ingots of gold bullion but instead gives the Fund an unsecured claim against the Vault Provider for the amount of gold bullion held in the Unallocated Precious Metals Account and is not segregated from the assets of the Vault Provider.

  • If trading on a Relevant Stock Exchange is halted or suspended, investors in Shares may not be able to sell their Shares until trading resumes however such investors should be able to apply to the ICAV to redeem Shares.The physical transfer of gold from or to the Allocated Precious Metals Account may be restricted by order of any local authority or statutory body.

  • A portion may be held in unallocated form on a short term basis in the Unallocated Precious Metals Account when gold bullion is in the process of being allocated or de-allocated for a subscription or redemption.

  • An Allocated Precious Metals Account allows the Fund to trade allocated gold and the Vault Provider to take physical delivery of gold on a physical or allocated basis on its behalf.

  • Except with respect to the condition set forth in Section 10.1(a), the Debtors, with the consent of the Ad Hoc Group and the Rights Offering Sponsors (except for the condition set forth in Section 10.1(j) of the Plan) and, solely with respect to the condition set forth in 10.1(j), the Bridge Lenders, in their discretion and to the extent not prohibited by applicable law, may waive one or more of the conditions precedent to the Effective Date set forth in Section 10.1 above.

  • An Unallocated Precious Metals Account allows the Fund to trade allocated / unallocated gold and the Vault Provider to maintain custody of gold on a book-entry or unallocated basis similar to a cash deposit.

  • The gold bullion will be held in the Allocated Precious Metals Account where it will be held in “allocated” form.


More Definitions of Metals Account

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 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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Related to Metals Account

  • Project Account means the account referred to in Section 3.03 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.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • Operating Accounts shall have the meaning ascribed to it in Section 4.03.A.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Account Property means, with respect to each Account, such Account, together with all cash, securities, financial assets and investments and other property from time to time deposited or credited to such Account and all proceeds thereof, including, with respect to the (i) Reserve Fund, the Reserve Fund Initial Deposit and (ii) Yield Supplement Account, the Yield Supplement Account Deposit.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Client Account means the unique personalised account of the Client consisting of all Completed Transactions, Open Positions and Orders in the Trading Platform, the balance of the Client money and deposit/withdrawal transactions of the Client money.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Checking Account means a Demand Deposit account (DDA), a Negotiable Order of Withdrawal (NOW) account, a Savings account and a Money Market account at the Bank that you open through the Bank website; "Account" includes any Checking, Certificate of Deposit, or Savings account at the Bank opened through the Website or in person; "Card" means an automated teller machine card and/or a VISA debit card that accesses your Checking, Savings, Money Market, or NOW account; "PIN" means the personal identification number you use in connection with your Card; "Password" means the password you use to access the Website and your Bank Accounts through a personal computer or other electronic terminal; "Access Device" means your Card, Password, or other device or code we make available to you to access your Accounts; "Business Day" means Monday through Friday, except federal holidays; and "Authorized User" means any person you authorize or permit to use your Card, Password or other Access Device to access your Accounts, whether that person uses the Access Device to obtain information or to conduct a transaction. This EFT Agreement is part of the Banking Documents. Other terms used in this EFT agreement may be defined elsewhere in the Banking Documents. • ATM Safety • Funds Transfers • Other Electronic Fund Transfer Services • Liability For Unauthorized Electronic Transfers • Other Electronic Fund Transfer Services Types of Transactions‌ We offer the following types of Electronic Fund Transfers (EFT) Services for your Checking Account. • Direct Deposits. You can arrange for direct deposits to your checking and savings account(s). • Preauthorized Credits/Debits. We accept, on your behalf preauthorized Credits/Debits drawn on your Deposit Accounts which allow unrestricted activity. Through our electronic bill payment service, you are able to electronically transfer funds from your Deposit Account to other parties, provided the account allows such activity. We may conduct these transactions via Automated Clearinghouse (ACH) transfer. We may also accept and direct funds by wire transfer. Each of these services has unique fees associated with the transaction. Please consult our Schedule of Fees herein. When you provide the party initiating the withdrawal or deposit with advance authorization to make recurring ACH transfers to or from your Account, the transfers are referred to as "preauthorized transfers." Because these preauthorized transfers are performed electronically through the ACH, they are governed by federal regulations pertaining to EFT Services, which entitle you to certain benefits and protections in connection with the EFT Services, such as the right to receive a copy of your written authorization to make preauthorized transfers from your Account from the party that obtains it. • ATM and Point-of-Sale Transactions. ATM Transactions. ATM Cards issued by us to you remain our property and you may be requested to return the Card to us at any time for any reason. Each card is used in conjunction with an authorizing Personal Identification Number ("PIN"). To guard against someone initiating a transaction that you have not authorized, you must take all reasonable precautions to prevent any other person from learning your PIN. If you permit or authorize another person to use your Card and PIN, you will be liable for all resulting transactions. You may use your Card at ATMs which are a part of an Electronic Funds Transfer service network to which the Bank belongs ("EFT network"). ATM withdrawals are available up to the daily authorization limits disclosed below, provided the available balance in the Deposit Account associated with your card is greater than or equal to the amount requested, plus any fees that may be charged along with the cash disbursement. • Withdraw cash from your Checking Account. • Find out your Checking Account balances. • Transfer funds between your own accounts at the Bank (if available on the ATM in use). • Withdraw cash from your Savings Account. • Make deposits to your own accounts.

  • deposits townsite means the townsite to be established on or near the mining areas pursuant to this Agreement;

  • Project Accounts means the Revenue Account, the Operating Account, the Maintenance Capital Expense Account, the Debt Service Reserve Account, the Insurance and Condemnation Proceeds Accounts and the Extraordinary Proceeds Account, including any sub-account within such accounts.

  • Purchaser’s Account The account of the Purchaser at a bank or other entity most recently designated in a written notice by the Purchaser to the Sellers as the "Purchaser's Account."

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Joint Account means an Account opened in more than one name;

  • Agent Account means such account of the Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower and the Lenders for such purpose.

  • Revenue Account means the Revenue Account established pursuant to the General Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.