Vault Operator definition

Vault Operator means a specialist storage organisation engaged by ABX to provide Bullion storage, infrastructure, transportation and insurance services; and
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Vault Operator means a specialist storage organisation engaged by GSC to provide Precious Metals storage, infrastructure, transportation and insurance services;
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Vault Operator means The Safe House SG Pte Ltd.
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Examples of Vault Operator in a sentence

  • The term " Regular Vault" means a vault operated by a Regular Vault Operator listed by ICE Futures Singapore from time to time as a vault pursuant to which Gold may be imported, exported and stored.

  • The term " Regular Vault Operator" means a vault operator listed by ICE Futures Singapore from time to time as an operator of at least one Regular Vault.

  • Neither ICE Futures Singapore nor the Clearing House has any duty of care to any Person in respect of the Regular Vault Operator and neither shall be liable to any Clearing Member, any member of ICE Futures Singapore or any other Person for any act or omission of a Regular Vault Operator.

  • The term " Warrant" means a warrant issued in Guardian by a Regular Vault Operator (as amended from time to time in accordance with these Delivery Procedures) which specifically acknowledges that the Regular Vault Operator holds the relevant Gold which is the subject of the Warrant, on behalf of the relevant Clearing Member named on the warrant in accordance with the Rules.

  • The Seller accepts full responsibility for the authenticity and accuracy of all Delivery Notices and instructions sent by it or on its behalf and acknowledges and agrees that each of the Clearing House and the Regular Vault Operator shall be entitled to assume that all Delivery Notices and instructions retrieved from Guardian have in fact been input by the relevant Clearing Members.

  • Clearing Members must make their own arrangements with the Regular Vault Operator and any Assayer or Refinery for any such assay or refining process.

  • ICE Futures Singapore appoints each Regular Vault Operator to operate Regular Vaults to facilitate the satisfaction of delivery obligations in ICE Gold Contracts.

  • Subject to paragraph (c) below, Clearing Members are responsible for making their own arrangements with a Regular Vault Operator to import, export or store Gold from a Regular Vault, irrespective of whether a Warrant has been issued or has been revoked.

  • In the event of any discrepancy or inconsistency between any instruction given to a Regular Vault Operator in relation to the import, export or storage of Gold for delivery in satisfaction of an ICE Gold Contract by a Clearing Member, ICE Futures Singapore or the Clearing House, the instructions given by ICE Futures Singapore shall prevail in the first instance, followed by those of the Clearing House and then those of the relevant Clearing Member.

  • If Gold is not continuously stored in, or under the custody or possession of, a Regular Vault Operator, the Clearing House reserves the right to request ICE Futures Singapore or the Regular Vault Operator to revoke any existing Warrant and issue another Warrant in its stead.


More Definitions of Vault Operator

Vault Operator means a specialist storage organisation engaged by BC to provide Bullion storage, infrastructure, transportation and insurance services; and
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Vault Operator means a professional organization of the highest reputation which is in the business of managing the receipt, storage and re-delivery of Gold Bullion according to the practices of a local professional bullion market and is appointed by the LP.
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Related to Vault Operator

  • Market Operator means a person or persons who manages and/or operates the business of a regulated market. The market operator may be the regulated market itself;

  • airport operator A natural or legal person authorized to manage or operate an airport. “Airport Tax” It is the amount charged to a Passenger for the use of the airport facilities that can be collected by THE CARRIER with prior authorization, either on the ticket or at each airport, and must be paid by the Passenger. “Airway Ticket or Ticket” (GENERAL DEFINITION). It is the document issued by THE CARRIER or its Authorized Agent as written proof of the transportation agreement. The term that will be used in this Agreement is ticket.

  • aircraft operator means a person that operated at least 729 commercial air transport flights departing from Union airports in the reporting period or, where that person may not be identified, the owner of the aircraft;

  • Operator means the operator of an internet website, online service, online application, or mobile application with actual knowledge that the site, service, or application is used for K–12 school purposes. Any entity that operates an internet website, online service, online application, or mobile application that has entered into a signed, written agreement with an LEA to provide a service to that LEA shall be considered an “operator” for the purposes of this section.

  • Storage operator means a person holding or applying for a permit.

  • Account Operator means a bank or other party duly authorised to operate as an account operator pursuant to the Financial Instruments Accounts Act and through which a Bondholder has opened a Securities Account in respect of its Bonds.

  • train operator means any person who is authorised to act as the operator of a train by a licence under section 8 of the Railways Act 1993.

  • Network Operator means the network operator who operates the wireless network of networks to which the SIM Cards are connected.

  • Terminal operator means a person who owns, operates, or otherwise controls a terminal.

  • Reasonable and Prudent Operator means a person seeking in good faith to perform its contractual obligations and, in the process of doing so and in the overall conduct of its whole undertaking exercising that degree of diligence, skill, prudence and foresight which can reasonably and ordinarily be expected from a skilled and experienced operator engaged in the same type of undertaking under the same or similar circumstances complying with all applicable Laws, and any reference to the standard of a Reasonable and Prudent Operator means such degree of diligence, skill, prudence and foresight as aforesaid.

  • Transmission Operator means the entity responsible for the reliability of its “local” Transmission System, and that operates or directs the operations of the Transmission Facilities.

  • Cable Operator means any Person or groups of Persons, including Grantee, who provide(s) Cable Service over a Cable System and directly or through one or more affiliates owns a significant interest in such Cable System or who otherwise control(s) or is (are) responsible for, through any arrangement, the management and operation of such a Cable System.

  • Property Manager means an entity that has been retained to perform and carry out at one or more of the Properties property-management services, excluding persons, entities or independent contractors retained or hired to perform facility management or other services or tasks at a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

  • Project Location means the points or areas designated as such on Exhibit A and located on the ground by reference to points, stations, natural land features, improvements, or area boundary signs. STATE means the Oregon Department of Forestry, State Forester, or a duly Authorized Representative of the State Forester.

  • Gatherer As defined in the preamble of this Agreement.

  • Terminal means a device authorized by a Party Lottery to function in an on-line, interactive mode with the lottery's computer gaming system for the purpose of issuing lottery tickets and entering, receiving, and processing lottery transactions, including purchases, validating tickets, and transmitting reports.

  • the Operator means a person holding a Licence to operate Private Hire Vehicles issued pursuant to Section 55 of the Local Government (Miscellaneous Provisions) Act 1976.

  • Transporter means a person engaged in the off-site transportation of hazardous waste by air, rail, highway, or water.