Precious Metals Loans definition
Precious Metals Loans means (a) each consignment, loan and other extension of credit listed on Schedule 1.1(ff) hereto (in each instance exclusive of any reserves for loan losses) pursuant to which BBNA does any of the following: (i) consigns Precious Metals to its customers; (ii) sells Precious Metals to its customers for present delivery but future pricing and payment; or (iii) makes other extensions of credit and all obligations of BBNA to make additional extensions of credit in connection with each such loan, as each such loan may be increased, decreased, amended, renewed or extended by BBNA in the ordinary course of business of BBNA between July 1, 1999 and the close of business on the day on which such loan is purchased by Purchaser pursuant to the terms hereof (included within each such loan shall be any Letters of Credit, Liquidity Support Agreements and ISDA Transactions related to such loan), (b) each loan, consignment and other extension of credit made in the ordinary course of business of BBNA by the Precious Metals Employees between July 1, 1999 and the close of business on the day on the Precious Metals are purchased by Purchaser pursuant to the terms hereof (in each instance exclusive of any reserves for loan losses) and each obligation of BBNA to make additional extensions of credit in connection with each such loan, as each such loan may be increased, decreased, amended, renewed or extended in the ordinary course of business of BBNA between July 1, 1999 and the close of business on the day on which such loan is purchased by Purchaser pursuant to the terms hereof (included within each such loans shall be any Letters of Credit, Liquidity Support Agreements and ISDA Transactions related to such loan), and (c) each application pending with BBNA on the date the Precious Metals are purchased by Purchaser pursuant to the terms hereof for a loan, consignment and other extension of credit, whose relationship manager would be a Precious Metals Employee if such loan, consignment or other extension of credit had been made by BBNA prior to the date on which the Precious Metals are purchased by Purchaser pursuant to the terms hereof; provided, however, that Precious Metals Loans shall not include any loan, consignment or other extension of credit, described in subsection (a) or (b) above if such loan, consignment or other extension of credit, as of the day on which such loan is to be purchased by Purchaser pursuant to the terms hereof, is (i) subject to a current legal proce...