Prepaid Metals Transactions definition

Prepaid Metals Transactions means any transaction for the sale and purchase of precious metals entered into between a Restricted Party and any Person, pursuant to which such Person makes an upfront payment to such Restricted Party as consideration for the delivery by the Borrower of a fixed quantity of precious metals.
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Prepaid Metals Transactions means derivative transactions for the sale and purchase of up to 110,000 ounces of gold entered into on or prior to June 30, 2023 between Equinox and/or Leagold, as seller(s), and one or more Qualified Risk Management Lender(s), as purchaser(s), pursuant to which such Qualified Risk Management Lender(s) makes upfront pre-payments of up to $150,000,000, in aggregate, in cash to Equinox and/or Leagold as consideration for the delivery by Equinox and/or Leagold of such 110,000 ounces of gold within 42 months of pre-payment of the cash consideration.
Sample 1
Prepaid Metals Transactions means transactions for the sale and purchase of a prescribed amount of copper concentrate pursuant to an agreement to be entered into between MCSA, as seller, and one or more Qualified Risk Management Lender(s), as purchaser(s), pursuant to which such Qualified Risk Management Lender(s) makes upfront pre-payments of up to $[Redacted – commercially sensitive], in aggregate, in cash to MCSA as consideration for the delivery by MCSA of such prescribed amount of copper concentrate within a prescribed time period after the pre- payment of the cash consideration.
Sample 1

Examples of Prepaid Metals Transactions 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.

Related to Prepaid Metals Transactions

  • Pawn transaction means the same as that term is defined in Section 13-32a-102.

  • Factoring Transaction means any transaction or series of transactions that may be entered into by the Borrower or any Restricted Subsidiary pursuant to which the Borrower or such Restricted Subsidiary may sell, convey, assign or otherwise transfer Securitization Assets (which may include a backup or precautionary grant of security interest in such Securitization Assets so sold, conveyed, assigned or otherwise transferred or purported to be so sold, conveyed, assigned or otherwise transferred) to any Person other than a Receivables Subsidiary.

  • Restructuring Transactions means the transactions described in Article IV.B of the Plan.