Restricted Forward Sale Transaction definition

Restricted Forward Sale Transaction means an agreement by a Person to sell forward a quantity of metal or other commodity where payment is made, in whole or in part, prior to the date on which such metal or commodity was mined or extracted by such Person.
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Restricted Forward Sale Transaction means an agreement by a Person to sell forward a quantity of metal or other commodity where payment is made, in whole or in part, prior to the date on which such metal or commodity was mined or extracted by such Person other than, for avoidance of doubt, any such sale pursuant to the Offtake Agreements or otherwise expressly permitted herein.
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Restricted Forward Sale Transaction means a forward sale of a quantity of metal or other commodity (allocated or unallocated) at a fixed price where the purchase price (or any substantial part thereof) is paid more than 3 months prior to the date on which such metal or commodity (allocated or unallocated) is to be delivered. For the avoidance of doubt, a derivative transaction entered into in order to hedge commodity pricing that does not require delivery of the commodity in question shall not constitute a Restricted Forward Sale Transaction.
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Examples of Restricted Forward Sale Transaction in a sentence

  • For the avoidance of doubt, a Restricted Forward Sale Transaction shall not constitute a commodity sale transaction in the ordinary course of business for the purposes hereof.

  • For the avoidance of doubt, a Restricted Forward Sale Transaction shall not constitute a commodity sale transaction in the ordinary course of business for the purposes of this Section.

  • For the avoidance of doubt, a Restricted Forward Sale Transaction and any metals prepayment transaction (other than the Sandbox Gold Purchase Agreement and the Prepaid Metals Transactions) shall not constitute a commodity sale transaction in the ordinary course of business for the purposes hereof.

  • For the avoidance of doubt, (i) in no circumstances shall a Disposition of any material portion of the Las Chispas Mine or the Mining Licenses therefor which are required by the Mine Plan constitute a Permitted Disposition and (ii) a Restricted Forward Sale Transaction shall not constitute a commodity sale transaction in the ordinary course of business for the purposes hereof.

  • The Borrower shall not, and shall not suffer or permit any other Subject Entity to, enter into any Risk Management Agreement for speculative purposes, with any counterparty on a margined or secured basis (other than a Secured Risk Management Agreement which, for certainty, shall be permitted), which is not settled at the original maturity date thereof or which constitutes a Restricted Forward Sale Transaction.


More Definitions of Restricted Forward Sale Transaction

Restricted Forward Sale Transaction means an agreement by a Person to sell forward a quantity of metal or other commodity, foreign exchange rate or interest rates, where payment therefor is made, in whole or in part, prior to the date on which such metal or commodity was mined or extracted by such Person or such foreign exchange rate or interest rate exposure was realized by such Person (absent an "event of default" under the respective transaction).
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Related to Restricted Forward Sale Transaction

  • Roll-Up Transaction means a transaction involving the acquisition, merger, conversion or consolidation either directly or indirectly of the Company and the issuance of securities of a Roll-Up Entity to the holders of Common Shares. Such term does not include:

  • Lower Tier Covered Transactions refers to any covered transaction under a First Tier Covered Transaction (such as subcontracts). “First Tier Participant” refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Permitted Transaction means any transaction involving (i) a Swap that is not a Required Transaction or (ii) a Required Transaction that is a component of a Covered Package Transaction.

  • Share Exchange Event shall have the meaning specified in Section 14.07(a).

  • First Tier Covered Transactions refers to any covered transaction between a grantee or subgrantee of Federal funds and a participant (such as the prime or general contract). “Lower Tier Covered Transactions” refers to any covered transaction under a First Tier Covered Transaction (such as subcontracts). “First Tier Participant” refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • securities financing transaction or 'SFT' means a repurchase transaction, a securities or commodities lending or borrowing transaction, or a margin lending transaction;

  • Qualified Sale means a sale made by a qualified person through a charitable auction.