Consignment Facility definition

Consignment Facility means the facility established pursuant to Section 2 hereof, whereby a Customer may request Consignments of Precious Metal from the Metal Lender.

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Consignment Facility means the facility established pursuant to Section 2 hereof, whereby a Customer may request Consignments of Gold from the Gold Lender and Consignments of Copper from the Copper Lender.

Consignment Facility means the facility under Paragraph 2 hereof, whereby the Company way request consignments of Precious Metal from HSBC.

Examples of Consignment Facility in a sentence

All or any part of outstanding consignments under the Consignment Facility may be converted as provided herein.
All or any part of outstanding Consignments under the Consignment Facility may be converted as provided herein.
It is understood that at no time shall the Consignment Facility Indebtedness exceed the Consignment Limit.
Any person identifying himself or herself as an Authorized Representative of the Company shall have the right to effect transactions under the Consignment Facility and this Agreement.
Termination of the Consignment Facility shall not affect the Customers’ duty to pay and perform their Obligations to the Metal Lender under the Consignment Facility in full.
Any person identifying himself or herself as an Authorized Representative of a Customer and who is identified on such current list of the Customer shall have the right to effect transactions under the Consignment Facility, the Gold Loan Facility, the Forward Contract Facility, the Segregated Storage Facility and this Agreement.
Upon termination of the Consignment Facility, the Metal Lender may credit any amounts then held by it to reduce the amount of the Consignment Facility Indebtedness in accordance with the provisions of Section 13 hereof.
The amount of the Consignment Facility Indebtedness set forth in the Metal Lender’s books and records shall be prima facie evidence of the Consignment Facility Indebtedness owing and unpaid to the Metal Lender, but the failure to record, or any error in so recording, any such amount on the Metal Lender’s books and records shall not limit or otherwise affect the obligations of the Customers hereunder to make pay and perform their obligation under the Consignment Facility when due.
Subject to Section 2.09 below, it is understood that at no time shall the Consignment Facility Indebtedness exceed the Consignment Limit.
No portion of the proceeds of the Consignment Facility shall be used, in whole or in part, for the purpose of purchasing or carrying any "margin stock" as such term is defined in Regulation U of the Board of Governors of the Federal Reserve System.

More Definitions of Consignment Facility

Consignment Facility means the facility under Paragraph 2 hereof, whereby the Company may request consignments of Precious Metal from Sensata.

Consignment Facility means the facility established pursuant to Article 2 hereof, whereby a Customer may request Consignments of Metal from the Metal Lender. “Consignment Facility Indebtedness” means the value (as determined in accordance with Section 2.2 hereof) of all Consigned Metal plus any unpaid purchase price for Consigned Metal that has been withdrawn from Consignment and is required to be purchased under the Consignment Facility. “Consignment Limit” means, with respect to all Metal, the lesser of: (i) $150,000,000 minus the then current Copper Consignment Facility Indebtedness (if any); and (ii) the value (as determined in accordance with Section 2.2 hereof) of the Customers’ Inventory of Metal (including any Metal obtained or, at the time of determination, proposed to be obtained, by a Customer pursuant to this Agreement) at Approved Locations or in transit between any Approved Locations which is (A) not outstanding on consignment, loan or lease to the Customers from Approved Consignors under Permitted Metals Agreements, and (B) is free and clear of all Liens other than Permitted Metal Liens. “Consolidated” or “consolidated” means, wherever used in conjunction with a financial statement, covenant or definition, such financial statement, covenant or definition shall (unless otherwise -4-

Consignment Facility means the facility under Paragraph 2 hereof whereby the Company may request consignments of Precious Metal. 1.10. "Consignment Facility Indebtedness" means the value (as determined in accordance with Paragraph 2.2 hereof) of Precious Metal on consignment to the Company under the Consignment Facility. 1.11. "Consignment Limit" means: (a) Twenty-Two Million Dollars ($22,000,000); or (b) such limit as the Consignor and the Company may agree upon from time to time as evidenced by an amendment in substantially the form of Exhibit B attached hereto and made a part hereof or in such other form as the Consignor shall require, with a copy to FPM in any case; or (c) such other limit as the Consignor may approve in its sole discretion. 1.12. "Consignment Period" means, with respect to the consignment of Precious Metal based upon a Fixed Consignment Fee, the period beginning on the Drawdown Date and ending on the day which numerically corresponds to such date one (1), two (2), three (3), six (6) or twelve (12) months (or such other period, if agreed to by the Consignor) thereafter (or, if such month has no numerically corresponding day, on the last London Banking Day of such month), as the Company may select in its relevant notice pursuant to Paragraph 2.4 or 2.5; provided, however, that, if such Consignment Period would otherwise end on a day which is not a London Banking Day, such Consignment Period shall end on the next following London Banking Day; provided, however, that if such next following London Banking Day is the first London Banking Day of a calendar month, such Consignment Period shall end on the next preceding London Banking Day. 1.13. "Consignor" means ABN AMRO Bank N.V., Australian Branch. 1.14. "Consignor's Address" means Level 5, ABN AMRO Tower, 88 Philip Street, Sydney, New South W▇▇▇▇ ▇▇▇▇. 1.15. "Credit Agreement" means that certain 364-Day Competitive Advance, Revolving Credit and Guaranty Agreement dated May 25, 2001 among the Company, the Guarantors (as defined therein), the Banks from time to time party thereto, ABN AMRO Bank N.V., as Administrative Agent for the Banks and arranger and bookrunner and Credit Suisse First Boston and Bank of Tokyo-Mitsubishi Trust Company, as Co-Syndication Agents, and First Union National Bank and Harris Tru▇▇ ▇▇▇ Savings Bank, as Co-Documentation Agents., as amended from time to time. 1.16. "Dentsply Subsidiaries" means Degussa Dental GmbH, a German limited liability company and successor-in-interest to Degussa...

Consignment Facility means the facility established pursuant to Article 2 hereof, whereby a Customer may request Consignments of Metal from the Metal Consignor.

Consignment Facility means the facility established pursuant to Article 2 hereof, whereby a Customer may request Consignments of Metal from the Metal Consignor. “Consignment Facility Indebtedness” means the value (as determined in accordance with Section 2.2 hereof) of all Consigned Metal plus any unpaid purchase price for Consigned Metal that has been withdrawn from Consignment and is required to be purchased under the Consignment Facility. “Consignment Limit” means $150,000,000. “Consignor Stored Metal” has the meaning set forth in Section 4.1(a) hereof. “Consolidated” or “consolidated” means, wherever used in conjunction with a financial statement, covenant or definition, such financial statement, covenant or definition shall (unless otherwise specifically stated) refer to BEM and its Subsidiaries on a consolidated basis determined, calculated or applied in accordance with GAAP. “Consolidated EBITDA” means, with reference to any period, Consolidated Net Income plus,for such period plus, without duplication and, except with respect to clause (i) below, to the extent deducted from revenues in determining Consolidated Net Income for such period, (a) Consolidated Interest Expense, (b) Consolidated Tax Expense, (c) depreciation, (d) amortization, (e) depletion expense, and (f) nonrecurring losses incurred other than in the ordinary course of business, (g) all fees, charges, expenses and other amounts related to any Senior Loan Documents, Permitted Receivables Facility Documents or Permitted Metals Agreements and any amendments, consents, supplements or other modifications to the Senior Loan Documents, Permitted Receivables Facility Documents or Permitted Metals Agreements, in each case, to the extent paid before June 26, 2026 or within twelve (12) months of the effectiveness or attempted consummation of such amendments, consents, supplements or other modifications and all fees, charges, expenses and other amounts related to the administration of the Senior Loan Documents, Permitted Receivables Facility Documents or Permitted Metals Agreements, (h) all fees, charges,

Consignment Facility means the facility extended to the Consignees pursuant to the Agreement whereby the Consignees may request consignments of Precious Metal from the Bank.