Consignment Limit definition
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) 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) 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
Customers shall pay to the Metal Consignor monthly within five (5) Business Days after receipt of invoice from the Metal Consignor, a facility fee calculated at the rate of 0.15% per annum on the average daily unused portion of the Consignment Limit during any month (or portion thereof) occurring on or after the Effective Date.
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) Twenty-Five Million Dollars ($25,000,000); or
(b) Ninety percent (90%) of the aggregate undrawn face amount of the Letters of Credit.
Consignment Limit means (a) the lesser of: (i) Forty-Six Million Dollars ($46,000,000); 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 means the lesser of (a) 25,000 troy ▇▇▇ces of fine gold, or (b) Consigned Precious Metal with d 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) Fifteen Million Dollars ($15,000,000.00), or (ii) the value (as determined pursuant to Paragraph 2.2 hereof) of One Million Two Hundred Fifty Thousand (1,250,000) fine t▇▇▇ ounces of silver, minus, in the case of both (i) and (ii), the Forward Contract Indebtedness; or
(b) such limit as BANA 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 BANA shall require.”
(ii) By deleting section 1.31 in its entirety and by inserting the following text in its stead:
Consignment Limit means the lesser of (a) 45,000 troy ounces of fine gold, or (b) Co▇▇▇▇ned 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 $15,000,000.00