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 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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Examples of Metals Account in a sentence

  • Precious Metals Accounts means the Allocated Precious Metals Account and the Unallocated Precious Metals Account.

  • Unallocated Precious Metals Account means the Unallocated Precious Metals which may be established in the name of the Depositary on behalf of the Fund where gold bullion positions are held in an unallocated book-entry form with a Sub-Custodian, details of which are set below under the heading Custody of Assets.

  • Both the gold bullion held in the Allocated Precious Metals Account and the Unallocated held in the Unallocated Precious Metals Account are assets of the Fund.

  • The bullion will be held (a) in the Allocated Precious Metals Account where it will be held in “allocated” form and (b) an amount of gold bullion of up to one gold bar or ingot (the "Unallocated") in the Unallocated Precious Metals Account where it will be held in "unallocated form".

  • 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.

  • The custody and safekeeping of precious metals under a Precious Metals Account (defined below at Clause 36) is set out further below at Clause 36.

  • 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 Vault Provider appointed by the ICAV is ICBC Standard Bank Plc.An amount of gold bullion up to one gold bar or ingot may be held in unallocated form in the Fund's Unallocated Precious Metals Account.

  • As a result, in the event of the insolvency of the Vault Provider it may not be possible to recover the full or any amount of any gold bullion held in the Unallocated Precious Metals Account which may mean that the Fund, and consequently the Fund’s Shareholders, suffers a loss commensurate with the loss of gold bullion held in this manner.The return payable under the swap contract with a counterparty is subject to the credit risk of the counterparty.

  • 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 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

  • 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.

  • 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.

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • 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 personalized account of the Client consisting of all Completed Transactions, Open Positions and Orders on the Platform, the Balance of the Client money and deposit/withdrawal transactions of the Client money. It is understood that the Company may use the term Trading Account or Account on its Website or communications, which shall mean your Client Account.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

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

  • Project Accounts means the accounts referred to in Section 3.03 (a) of this Agreement;

  • 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 in New York, New York 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 Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.