Metals Lease definition

Metals Lease means each metals leasing facility entered into by the Borrower (as lessee) and another Person (as lessor), that is not an Affiliate of the Borrower, under which: (i) such Person, from time to time, leases Precious Metals to Borrower (the “Leased Metal”), retaining legal title thereto; and (ii) the Borrower is obligated to return to such Person on the stated maturity date of the applicable lease (a) the Leased Metal, (b) an equivalent quantity of metal of the same type, grade and quality, and/or (c) all proceeds from any sale of the Leased Metal.
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Examples of Metals Lease in a sentence

  • Metals Lease Intercreditor Agreements with respect to all Secured Metals Leases.

  • Each Lender agrees to be bound by the terms of any such Metals Lease Intercreditor Agreement, and hereby agrees that the terms thereof do not constitute a release of Collateral or subordination of Liens for purpose of Section 10.2(b).

  • There does not exist under any Precious Metals Lease any violation, breach or other default or event of default, or alleged violation, breach or other default or event of default, or event, occurrence, condition or act that, after notice or lapse of time, or both, would constitute a violation, breach or other default or event of default thereunder on the part of the Target Companies or any other party thereto.

  • Exhibit A - Assignment and Assumption Exhibit B - Borrowing Base Certificate Exhibit C - Form of Note Exhibit D - Form of Borrower Assignment Exhibit E - Form of Depository Letter Exhibit F - Form of CFC Allonge Exhibit G - Form of CFC Assignment Exhibit H - Form of Metals Lease Intercreditor Agreement Exhibit 2.3 - Borrowing Request Exhibit 2.5 - Interest Election Request Exhibit 2.14-1 - U .S.

  • Each Lender hereby authorizes the Administrative Agent to enter into, on such Lender’s behalf, each Metals Lease Intercreditor Agreement.