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 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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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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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.

Related to Gold Leasing

  • Operating Lease means, as applied to any Person, any lease (including, without limitation, leases which may be terminated by the lessee at any time) of any Property (whether real, personal or mixed) which is not a Capital Lease other than any such lease in which that Person is the lessor.

  • Ground Lease means a lease creating a leasehold estate in real property where the fee owner as the ground lessor conveys for a term or terms of years its entire interest in the land and buildings and other improvements, if any, comprising the premises demised under such lease to the ground lessee (who may, in certain circumstances, own the building and improvements on the land), subject to the reversionary interest of the ground lessor as fee owner. With respect to any Mortgage Loan where the Mortgage Loan is secured by a Ground Leasehold estate in whole or in part, and the related Mortgage does not also encumber the related lessor’s fee interest in such Mortgaged Property, based upon the terms of the Ground Lease and any estoppel or other agreement received from the ground lessor in favor of Mortgage Loan Seller, its successors and assigns (collectively, the “Ground Lease and Related Documents”), Mortgage Loan Seller represents and warrants that: