Metals Transaction definition
Examples of Metals Transaction in a sentence
No Restricted Party shall enter into, assume or suffer to exist a Prepaid Metals Transaction if, after taking into account such proposed Prepaid Metals Transaction, the aggregate outstanding principal amount under all Prepaid Metals Transactions at such time could exceed US$115,000,000.
The Revolving Credit Commitments shall be reduced by an amount equal to the principal amount of any Prepaid Metals Transaction.
Without the prior written consent of all of the Lenders, no Restricted Party shall enter into a Prepaid Metals Transaction on or after May 7, 2020.
The Murabaha Price to be paid by Tensar for such Metals and the Value Date and Metals Transaction Payment Date (and, if applicable, any Interim Metals Transaction Payment Date) specified in the Metals Transaction Confirmation and Metals Purchase Offer shall be confirmed by TCO in such Metals Purchase Acceptance, and Tensar hereby agrees to pay such Murabaha Price to TCO on such Metals Transaction Payment Date and, if applicable, the Interim Agreed Profit on each Interim Metals Transaction Payment Date.
TCO hereby appoints AIFL as its agent to deal in its name, place and stead, for the limited purpose of performing such acts as may be reasonably required in order to enter into Metals Transactions approved by and at the risk of TCO (including without limitation any transfer of funds from any accounts needed to implement any such Metals Transaction), in each case subject to such instructions and limitations relating thereto as TCO may provide from time to time.
Failure of AIFL or any other person to keep a record of any Metals Transaction, Goods Transaction or Guarantee Obligations shall not affect the obligations of Tensar hereunder or under the Reimbursement Letter.
TCO shall maintain an account on its books in the name of Tensar in which it shall record all material details of each Metals Transaction and each Goods Transaction.
By copying AIA on a Metals Purchase Request, Tensar authorizes AIA to act as agent of Tensar in the execution of the proposed Metals Transaction, including execution of the Metals Purchase Offer for such proposed Metals Transaction.
Tensar hereby appoints AIA as its agent to deal in its name, place and stead, for the limited purpose of performing such acts as may be reasonably required in order to enter into Metals Transactions approved by and at the risk of Tensar (including without limitation any transfer of funds from any accounts needed to implement any such Metals Transaction), in each case subject to such instructions and limitations relating thereto as Tensar may provide from time to time.
AIFL shall maintain a record of all material details of each Metals Transaction and of each Goods Transaction.