Examples of Metal Sale Notice in a sentence
For the avoidance of doubt, if a Buy-Back Order is cancelled in respect of an ETC Security, the Metal Entitlement for such ETC Security following such cancellation shall be adjusted to reflect the Total Expense Ratio that should have applied to such Metal Entitlement from (and including) the relevant Buy-Back Trade Date to (and including) the relevant date of cancellation of such Buy-Back Order, and the immediately following TER Metal Sale Notice shall account for any such adjustment.
Following receipt by the relevant Metals Counterparty of a TER Metal Sale Notice, and delivery of the TER Metal to the relevant Metals Counterparty or to its order, on the TER Metal Sale Date, the relevant Metals Counterparty shall, acting as agent of the Issuer, sell the TER Metal in a timely fashion in accordance with all applicable laws and the terms of the relevant Metals Counterparty Agreement.
Each Metal Counterparty has agreed under a Metal Sale Agreement to purchase Metal from the Issuer following effective delivery of a Metal Sale Notice specifying the amount of Underlying Metal to be sold to such Metal Counterparty.
For the avoidance of doubt, if a Buy-Back Order is cancelled in respect of an ETC Security, the Metal Entitlement for such ETC Security following such cancellation shall be adjusted to reflect the Total Expense Ratio that should have applied to such Metal Entitlement from (and including) the relevant Buy- Back Trade Date to (and including) the relevant date of cancellation of such Buy- Back Order, and the immediately following TER Metal Sale Notice shall account for any such adjustment.
The Custodian will, upon effectivedelivery (in accordance with the Custody Agreement) of a notice (such notice a “TER Metal Sale Notice”) from the Administrator specifying the amount of Metal determined by the Administrator (the “TER Metal”) to be sold on the date on which the TER Metal Sale Notice is effective, purchase an amount of Metal equal to the TER Metal from the Issuer in accordance with the Custody Agreement.
The Custodian will, upon effective delivery (in accordance with the Custody Agreement) of a notice (such notice a “ TER Metal Sale Notice”) from the Administrator specifying the amount of Metal determined by the Administrator (the “TER Metal”) to be sold on the date on which the TER Metal Sale Notice is effective, purchase an amount of Metal equal to the TER Metal from the Issuer in accordance with the Custody Agreement.
For the avoidance of doubt, if a Buy-Back Order is cancelled in respect of an ETC Security, the Metal Entitlement for such ETC Security following such cancellation shall be adjusted to reflect the Total Expenses Ratio that should have applied to such Metal Entitlement from (and including) the relevant Buy-Back Trade Date to (and including) the relevant date of cancellation of such Buy-Back Order, and the immediately following TER Metal Sale Notice shall account for any such adjustment.
For the avoidance of doubt the TER Metal shall, in respect of each ETC Security that has been issued since the previous TER Metal Sale Notice, include any Metal representing the reduction in the Metal Entitlement for each such ETC Security accrued between such ETC Security’s Subscription Trade Date and its Issue Date.
Best practice design should recognise the importance and value of retaining and enhancing trees as an integral part of the design and subsequent subdivision and development process.
Each Metal Sale Agreement provides that the relevant Metal Counterparty will purchase the relevant Metal Sale Amount from the Issuer at the next available Metal Reference Price or, if a subsequent Metal Reference Price is specified in the Metal Sale Notice, at such subsequent Metal Reference Price for standard settlement in the relevant market.