Examples of Metals Counterparty Agreement in a sentence
The governing law, submission to jurisdiction and service of process with respect to each of the Trust Deed, the Metals Counterparty Agreement, the Agency Agreement, the Account Bank Agreement, the Custody Agreement, the Administration Agreement, the Irish Law Security Trust Deed and the English Law Security Trust Deed shall be governed by and construed in accordance with the provisions specified in such document as being applicable thereto.
The Issuer, each Metals Counterparty, the Administrator and the Security Trustee have executed and delivered this Issue Deed for the purposes of entering into a Metals Counterparty Agreement in relation to the Series on the terms of the Master Metals Counterparty Terms which shall have effect as though set out in full herein, modified and supplemented to the extent (if any) specified below.
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.
The cash proceeds of a sale of TER Metal (less any Taxes or other deductions permitted to be made by the relevant Metals Counterparty in accordance with the relevant Metals Counterparty Agreement) will be paid by such Metals Counterparty to the Issuer Cash Account or otherwise to the Issuer’s order and applied towards payment of the Operational Fee to the Arranger.
In particular, the ability of the Issuer to pay the Early Redemption Amount or the Final Redemption Amount on the Scheduled Maturity Date or Early Redemption Settlement Date (as applicable) will depend on the receipt by it from each relevant Metals Counterparty of the net proceeds of liquidation of any Metal to be liquidated on its behalf by such Metals Counterparty in accordance with the Conditions and the relevant Metals Counterparty Agreement.
The Issuer, each Metals Counterparty, the Administrator and the Security Trustee have executed and delivered this Issue Deed for the purposes of entering into a Metals Counterparty Agreement dated as of the date of this restated Issue Deed in relation to the Series on the terms of the Master Metals Counterparty Terms which shall have effect as though set out in full herein, modified and supplemented to the extent (if any) specified below.
The Issuer, each Metals Counterparty, the Administrator and the Security Trustee have executed and delivered this Issue Deed for the purposes of entering into a Metals Counterparty Agreement in relation to the Series on the terms of the Master Metals Counterparty Terms whichshall have effect as though set out in full herein, modified and supplemented to the extent (if any) specified below.
If a Metals Counterparty does not pay in full the amount payable in accordance with the relevant Metals Counterparty Agreement when due in connection with the redemption of the ETC Securities, the Security under the ETC Securities may become enforceable.
Each Metals Counterparty has agreed in the relevant Metals Counterparty Agreement that it shall make such insurance arrangements in connection with its holding obligations with respect to Metal in unallocated form as it considers fit, but neither the Trustee nor the Security Trustee is responsible for ensuring that adequate insurance arrangements have been made, or for insuring the Metal held by the Metals Counterparties, and shall not be required to make any enquiry regarding such matters.
After which; MOTION 025 / 2019 Councillor Chris Palmer moved to ADOPT the minutes of 26 February with the requested amendments as noted.