Consignment Fixed Rate Amounts Clause Samples
The "Consignment Fixed Rate Amounts" clause establishes a predetermined, unchanging rate or amount to be applied to goods or products delivered on consignment. In practice, this means that regardless of market fluctuations or changes in costs, the parties agree in advance on the specific rate that will be used to calculate payments or settlements for consigned items. This clause is typically used to provide certainty and predictability in financial arrangements, ensuring both parties know exactly what amounts will be due, thereby reducing the risk of disputes over pricing.
Consignment Fixed Rate Amounts. Consigned Precious Metal which is accruing a Consignment Fee calculated by reference to the Consignment Fixed Rate.
Consignment Fixed Rate Amounts. Consigned Precious Metal which is accruing a Consignment Fee and Gold Fronting Fee calculated by reference to the Consignment Fixed Rate. Consignment Limit. The lesser of (a) 26,000 ▇▇▇▇ ounces of Precious Metal (the "Consignment Ounce Cap") or (b) Consigned Precious Metal having a Fair Market Value equal to $10,000,000.00 minus the aggregate outstanding amount of Gold Loans, after giving effect to all amounts requested (the "Consignment Dollar Cap").