Consignment Limit definition

Consignment Limit means the lesser of:

Consignment Limit as set forth in Section 1.01 of the Consignment Agreement is hereby amended to read in its entirety as follows:

Consignment Limit means (a) the lesser of: (i) One Hundred Ten Million Dollars ($110,000,000); and (ii) the value (as determined in accordance with Section 2.02 hereof) of the Customers’ Inventory of Precious Metal (including any Precious 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 Precious Metals Agreements, and (B) is free and clear of all Liens other than Permitted Metal Liens, minus (b) the Gold Loan Facility Indebtedness.

Examples of Consignment Limit in a sentence

• If the value of commodities on consignment at any time exceeds the Consignment Limit, Customer will promptly either (a) purchase and withdraw from consignment (and make payment to Consignor as provided in Paragraph 3), a quantity of consigned commodities which has an aggregate value sufficient to result in the value of the remaining consigned commodities to be less than the Consignment Limit, or (b) deliver to Consignor sufficient of such consigned commodities to achieve the same result.

• Customers shall pay to the Metal Lender monthly within five (5) Business Days after receipt of invoice from the Metal Lender, a facility fee calculated at the rate of one-quarter of one percent (0.25%) per annum on the average daily unused portion of the Consignment Limit during such month.

• The most We will pay is:(a) in respect of sendings by road hauliers, the Consignment Limit shown in the Schedule.(b) in respect of sendings by post, parcel post or rail, the Package Limit shown in the Schedule.

• The most We will pay is:(a) in respect of sendings by road hauliers, the Consignment Limit shown in the Schedule.(b) in respect of sendings by post, parcel post or rail, the Package Limit shown in the Schedule.What is not coveredWhat is insured What is not insured orb.

• Ch. 2005) (denying an injunction and noting that stockholders “merely face the loss of dollar value from the theoretical possibility that the deal protections have precluded a topping bid” and that such a harm “can be rectified adequately in a later appraisal proceeding”); see also Ernest L.

More Definitions of Consignment Limit

Consignment Limit means (a) the lesser of: (i) One Hundred Forty Million Dollars ($140,000,000); and (ii) the value (as determined in accordance with Section 2.2 hereof) of the Customers’ Inventory of Precious Metal (including any Precious 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 Precious Metals Agreements, and (B) is free and clear of all Liens other than Permitted Metal Liens, minus (b) the Gold Loan Facility Indebtedness.

Consignment Limit means the maximum amount which the Insurers will pay in respect of Property despatched or received under one consignment note

Consignment Limit means the lesser of (a) 25,000 troy xxxces of fine gold, or (b) Consigned Precious Metal with a Fair Market Value (or unpaid Purchase Price in the case of Consigned Precious Metal for which the Purchase Price has been agreed but payment has not been received by Consignor) equal to $8,750,000.

Consignment Limit means (a) the lesser of (i) Forty Million Dollars ($40,000,000), and (ii) the value (as determined in accordance with Section 2.02) of 30,000 ounces of Platinum; or (b) such other limit as Consignor and Customer may agree upon from time to time as evidenced by an amendment in substantially the form of Exhibit C attached hereto and made a part hereof.”

Consignment Limit means (a) the lesser of: (i) Forty Million Dollars ($40,000,000); and (ii) the value (as determined in accordance with Section 2.02 hereof) of the Customers’ Inventory of Precious Metal (including any Precious 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 free and clear of all Liens other than Permitted Metal Liens, minus (b) the Gold Loan Facility Indebtedness.

Consignment Limit. Dollar Facility", "Intercreditor Agreement", "Maturity Date", "Maximum Drawing Amount" and "Security Documents" and replacing them with the following:

Consignment Limit. The least of (a) 165,000 fine xxxx ounces of Precious Metal, (b) Consigned Precious Metal having a Fair Market Value or unpaid purchase price equal to the Total Commitment, or (c) the sum of (i) the product of (A) ninety percent (90%) times (B) the number of xxxx ounces of Precious Metal contained in Eligible Specified Gold Jewelry of the Consignees plus (ii) the product of (A) ninety percent (90%) times (B) the sum of (1) the amount of Eligible Cash Deposits divided by the Second London Gold Fixing for any day of reference, plus (2) the Maximum Drawing Amount of the Letter of Credit divided by the Second London Gold Fixing for such day of reference.