Gold Leasing definition

Gold Leasing is a business in which we lease out physical gold to Party B. Upon expiry, Party B returns an equivalent amount of gold of the same quality and property and pays the leasing fee to Party A in RMB on a regular basis.
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Gold Leasing service means the service provided by Party A to Party B, which is carried out by leasing the physical gold by Party A to Party B and returning by Party B the gold of the same quantity, quality and property when due and timely paying the rent to Party A in renminbi.
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Gold Leasing or “gold leasing transaction” or “transaction” shall mean a transaction where the lessor leases the gold it owns to the lessee within the credit limits agreed between the Parties, and the lessee makes interest payments to the lessor for an agreed term, and, upon maturity, the lessee returns the gold it has leased to the lessor. The lessor may also request the lessee to provide a performance assurance in connection with the gold leasing business that is acceptable to both Parties.
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Examples of Gold Leasing in a sentence

  • Gold Leasing refers to the business in which Party A leases physical gold to Party B, and upon expiration, Party B will return the same amount of gold of the same property and pay the lease fee to Party A on time.

  • SCHEDULE III EXISTING INDEBTEDNESS Loans ----- SPM $6,000,000 5 year Term Loan for Retconn - First Union* SPM 390,000 5 year Term Loan for ▇▇▇▇▇▇ - First Union SPN 1,745,333 10 year Term Loan - Armonk building - First Union ---------- $8,135,333 Total Bank Loan Indebtedness Other - Consignment Agreement with Fleet Gold Leasing dated 12/24/96 for 4,502.05 ▇▇▇▇ ounces of Gold - Fleet has a first priority security interest.

  • Prior to, but effective as of, the Closing, Seller and Buyer shall enter into the Seller Gold Leasing Agreement, a form of which is attached hereto as Exhibit B, pursuant to which Seller shall lease to Buyer the Seller Leased Gold, which shall consist of up to 25,000 fine ounces of "good delivery bullion" gold, for a period of up to a maximum of 12 months from the Closing Date, subject to the terms and conditions set forth therein.


More Definitions of Gold Leasing

Gold Leasing business refers to business where Party A leases physical gold to Party B, and upon maturity, Party B returns gold of the same weight, quality, and commodity attributes, and periodically pays leasing fees to Party A in RMB.
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