Refining Reserve definition

Refining Reserve means one hundred five percent (105%) of the value (as determined in accordance with Section 2.2 hereof), without duplication, of all Loaned Gold and all Consigned Precious Metal located at any Letter of Credit Location (provided, however, that the percentage in this clause (b) may be adjusted by the Metal Lender from time to time in its reasonable discretion).
Sample 1
Refining Reserve means one hundred five percent (105%) of the value (as determined in accordance with Section 2.2 hereof) of (without duplication) (i) all Consigned Metal, in each case, located at any Letter of Credit Location, and (ii) all Approved Subconsignee Metal; provided , however , that the foregoing percentage may be adjusted by the Metal Lenders from time to time in its reasonable discretion.
Sample 1
Refining Reserve means (a) with respect to any Incremental Commitment, one hundred ten percent (110%) of the amount thereof; and (b) with respect to all other matters, one hundred five percent (105%) of the value (as determined in accordance with Section 2.02 hereof) of (without duplication) (i) all Loaned Gold and all Consigned Precious Metal, in each case, located at any Letter of Credit Location, and (ii) all Approved Subconsignee Precious Metal ( provided , however , that the percentage in this clause (b) may be adjusted by the Metal Lender from time to time in its reasonable discretion).
Sample 1

Examples of Refining Reserve in a sentence

  • The Customers shall at all times maintain the sum of (a) Equity Precious Metal, plus (b) the available undrawn face amount of all Letters of Credit which secure the Customer’s Obligations, plus (c) such other Collateral provided by the Customers (other than Precious Metal) as the Metal Lender may approve from time to time and in which the Metal Lender holds solely for its own benefit a first priority perfected security interest, in an amount equal to or greater than the Refining Reserve.


More Definitions of Refining Reserve

Refining Reserve means one hundred five percent (105%) of the value (as determined in accordance with Section 2.2 hereof) of (without duplication) (i) all Consigned Metal, in each case, located at any Letter of Credit Location, and (ii) all Approved Subconsignee Metal; provided, however, that the foregoing percentage may be adjusted by the Metal Lenders from time to time in its reasonable discretion.
Sample 1
Refining Reserve means (a) with respect to any Incremental Commitment, one hundred ten percent (110%) of the amount thereof; and (b) with respect to all other matters, one hundred five percent (105%) of the value (as determined in accordance with Section 2.02 hereof) of (without duplication) (i) all Loaned Gold and all Consigned Precious Metal, in each case, located at any Letter of Credit Location, and (ii) all Approved Subconsignee Precious Metal (provided, however, that the percentage in this clause (b) may be adjusted by the Metal Lender from time to time in its reasonable discretion).
Sample 1
Refining Reserve means the sum of: (a) one hundred five percent (105%) of the value (as determined in accordance with Section 2.02 hereof) of (without duplication) (i) all Loaned Gold and all Consigned Precious Metal, in each case located at any Letter of Credit Location, (ii) all TMI Precious Metal, (iii) all ZTI Precious Metal, and (iv) all BWI Precious Metal; (b) five percent (5%) of the value (as determined in accordance with Section 2.02 hereof) of all other Loaned Gold and all Consigned Precious Metal consisting of Gold; and (c) ten percent (10%) of the value (as determined in accordance with Section 2.02 hereof) of all other Consigned Precious Metal consisting of Silver, Platinum and Palladium; provided, however, that the foregoing percentages may be adjusted by the Metal Supplier from time to time in its reasonable discretion.
Sample 1
Refining Reserve means one hundred five percent (105%) of the value (as determined in accordance with Section 2.2hereof), without duplication, of all Loaned Gold and all Consigned Precious Metal located at any Letter of Credit Location ( provided , however , that the percentage in this clause (b) may be adjusted by the Metal Lender from time to time in its reasonable discretion).
Sample 1

Related to Refining Reserve

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Spinning Reserve means the ability to immediately and automatically increase generation or reduce demand in response to a fall in frequency;

  • Day-ahead Scheduling Reserves Resources means synchronized and non-synchronized generation resources and Demand Resources electrically located within the PJM Region that are capable of providing Day-ahead Scheduling Reserves.

  • Reserve Zone means any of those geographic areas consisting of a combination of one or more Control Zone(s), as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.

  • Day-ahead Scheduling Reserves means thirty-minute reserves as defined by the ReliabilityFirst Corporation and SERC.

  • road reserve ’ means the area contained within the statutory width of a road, and includes roadways, shoulders and sidewalks and the airspace above such roadways, shoulders and sidewalks and all other areas within the road reserve boundary;

  • Ethanol blended gasoline means the same as defined in section 214A.1.

  • Refining means removing or separating a desirable product from raw or contaminated materials by distillation or physical, mechanical, or chemical processes.

  • Pipeline means any pipe, pipes, or pipelines used for the intrastate transportation or transmission of any solid, liquid, or gaseous substance, except water.

  • Gas Transporter means the licensed operator of the transportation network through which gas is transported to you;

  • Yield Reserve means, on any date, an amount equal to: (a) the Capital at the close of business of the Servicer on such date multiplied by (b)(i) the Yield Reserve Percentage on such date divided by (ii) 100% minus the Yield Reserve Percentage on such date.

  • Day-ahead Scheduling Reserves Requirement means the sum of Base Day-ahead Scheduling Reserves Requirement and Additional Day-ahead Scheduling Reserves Requirement.

  • PDP Reserves means the Proven Reserves which are categorized as both “developed” and “producing” under the definitions for oil and gas reserves promulgated by the Society of Petroleum Evaluation Engineers (or any generally recognized successor) as in effect at the time in question and reasonably acceptable to the Administrative Agent.

  • Transportation project or "project" means any or the

  • Environmental Compliance Reserve means any reserve which the Agent establishes in its reasonable discretion after prior written notice to the Borrower from time to time for amounts that are reasonably likely to be expended by the Borrower in order for the Borrower and its operations and property (a) to comply with any notice from a Governmental Authority asserting material non-compliance with Environmental Laws, or (b) to correct any such material non-compliance identified in a report delivered to the Agent and the Lenders pursuant to Section 7.7.

  • Market Participant Energy Injection means transactions in the Day-ahead Energy Market and Real-time Energy Market, including but not limited to Day-ahead generation schedules, real- time generation output, Increment Offers, internal bilateral transactions and import transactions, as further described in the PJM Manuals.

  • Pipeline System means each system of Pipeline Assets, Real Property and Easements relating thereto making up an integrated gathering system and gathering system, or other pipeline system.

  • Transportation facility means any transit, railroad,

  • Reserve Sub-zone means any of those geographic areas wholly contained within a Reserve Zone, consisting of a combination of a portion of one or more Control Zone(s) as designated by the Office of the Interconnection in the PJM Manuals, relevant to provision of, and requirements for, reserve service.

  • Transportation Facilities means any physical facility that moves or assist in the movement of people or goods including facilities identified in OAR 660-012-0020 but excluding electricity, sewage, and water systems.

  • Additional Day-ahead Scheduling Reserves Requirement means the portion of the Day- ahead Scheduling Reserves Requirement that is required in addition to the Base Day-ahead Scheduling Reserves Requirement to ensure adequate resources are procured to meet real-time load and operational needs, as specified in the PJM Manuals.

  • Throughput means the measure of production, or factor related to production, used to determine the relationship between the amount of energy used by the target unit and the levels of activity of the target unit, as set out in Schedule 6 to an underlying agreement; “the Tribunal” means the First-tier Tribunal established under the Xxxxxxxx Xxxxxx xxx Xxxxxxxxxxx Xxx 00000;

  • Base Day-ahead Scheduling Reserves Requirement means the thirty-minute reserve requirement for the PJM Region established consistent with the Applicable Standards, plus any additional thirty-minute reserves scheduled in response to an RTO-wide Hot or Cold Weather Alert or other reasons for conservative operations.

  • Probable Mineral Reserve means the economically mineable part of an indicated and, in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, economic and other relevant factors that demonstrate, at the time of reporting, that economic extraction can be justified;

  • Transport Gas means the gas purchased by a Customer from a supplier other than KUB that Customer has arranged to have Delivered to KUB for delivery to the Customer by KUB.

  • Required Reserve means, on any day during a Calculation Period, the product of (a) the greater of (i) the Required Reserve Factor Floor and (ii) the sum of the Loss Reserve, the Interest Reserve, the Dilution Reserve and the Servicing Reserve, times (b) the Net Pool Balance as of the Cut-Off Date immediately preceding such Calculation Period.