Benchmark Price shall have the meaning ascribed to the term in Section 1.1 of the relevant Trust Agreement.
Benchmark Price means, in the case of any Excess Shares sold pursuant to this Section 4(k)(ii), (x) during the period commencing on the Closing Date and ending on the eighteen (18) month anniversary of the Closing Date, the greater of the Fair Market Value per share of the Excess Shares and the price per share paid hereunder for the Shares at the Closing, and (y) at any time after the eighteen (18) month anniversary of the Closing Date, the Fair Market Value per share of such Excess Shares.
Benchmark Price means, as of any day, (i) such day’s LBMA Gold Price PM or such day’s LBMA Gold Price AM if such day’s LBMA Gold Price PM is not available; or (ii) such other publicly available price which is reasonably available to the Trustee and which the Sponsor may determine fairly represents the commercial value of gold held by the Trust and instructs the Trustee to use as the Benchmark Price.
Examples of Benchmark Price in a sentence
The Seller shall sell the Product to the Buyer at the Benchmark Price and the Buyer shall purchase that Product for that Benchmark Price (subject to any discounts or adjustments applicable to the relevant shipment) in accordance with this Agreement.
More Definitions of Benchmark Price
Benchmark Price means, as of any day, (i) such day’s London’s Fix; or (ii) other publicly available price as the Sponsor, in consultation with the Trustee, may determine fairly represents the commercial value of Silver held by the Trust.
Benchmark Price means, as of any day, that publicly available per ounce price of Bullion used by the Trust on such day to value the Trust’s Bullion, which is expected to be the London PM Fix but is subject to change by the Sponsor in accordance with the Trust Agreement;
Benchmark Price means the price which is the higher of:
Benchmark Price means, as of any day, (i) such day’s London PM Fix; (ii) such day’s London AM Fix (i.e., the morning session of the twice daily fix of the price of a Fine Ounce, which starts at 10:30 AM London, England, time and is performed in London by the five members of the London gold fix) if such day’s London PM Fix is not available; or (iii) such other publicly available price the Sponsor may determine fairly represents the commercial value of gold held by the Trust;
Benchmark Price means the higher of:
Benchmark Price means, as of any day, as applicable (i) such day’s London PM Fix for Platinum or Palladium or such day’s London Fix for Silver; or (ii) other publicly available price as the Sponsor may determine fairly represents the commercial value of Silver, Platinum or Palladium held by the Trust.
Benchmark Price means, as of any day, the spot price for one xxxx ounce of Gold Bullion, as determined by the Calculation Agent. The Calculation Agent shall use the spot price of gold reflected on EBS, an offering of EBS BrokerTec (“EBS”), without adjustment or modification, as the source for the spot price of Gold Bullion. If, for any reason, EBS is not posting spot prices, the Calculation Agent shall use the spot price reflected by the LBMA (PM) Gold Price, an offering of ICE Benchmark Administration (the “IBA”), without adjustment or modification, as its source for the spot price of Gold Bullion.