Metals Payment definition

Metals Payment means, for any Precious Metal, (a) the Company’s payment at the office of Sensata herein set forth or such other place as Sensata may from time to time specify in writing in the form of immediately available United States dollars in an amount equal to the Value of such Precious Metal on the date of such payment (or, if the Company had previously provided notice to Sensata of its intention to purchase or settle such Precious Metal on a particular date and Sensata had fixed the Value of such Precious Metal or otherwise acted in reliance on such notice, and at Sensata’s election, the Value of such Precious Metal on the date of fix of Value or other action), plus any applicable premium, or any other purchase price to which the parties have agreed in writing, or (b) after notice to and agreement to the same by Sensata, delivery of like Precious Metal delivered to Sensata’s designated pool accounts, loco London.
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Metals Payment means, for any Precious Metal, (a) the Consignees' payment at the address of the Bank set forth herein or such other place as the Bank may from time to time specify in writing in the form of immediately available United States dollars in an amount equal to the Dollar Value of such Precious Metal on the date of such payment (or, if the Consignees had previously provided notice to the Bank by telephone or telecopier of their intention to purchase or settle such Precious Metal on a particular date and the Bank had fixed the Dollar Value of such Precious Metal or otherwise acted in reliance on such notice, and at the Bank's election, the Dollar Value of such Precious Metal on the date of fix of Dollar Value or other action), plus any applicable premium, or any other purchase price to which the parties have agreed in writing, or (b) after notice by telephone or telecopier to and agreement to the same by the Bank, delivery of like Precious Metal delivered to the Bank's designated pool accounts, loco London or through a recognized third party acceptable to the Bank.
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Metals Payment means, for any Precious Metal: (a) the Companies’ payment at HSBC’s Address or such other place as HSBC may from time to time specify in writing in the form of immediately available United States dollars in an amount equal to the Value of such Precious Metal on the date of such payment (or, if the Companies had previously provided notice to HSBC by telephone or telecopier or online through the Evolve program of their intention to purchase or settle such Precious Metal on a particular date and HSBC had fixed the Value of such Precious Metal or otherwise acted in reliance on such notice, and at HSBC’s election, the Value of such Precious Metal on the date of fix of Value or other action), plus any applicable premium, or any other purchase price to which the parties have agreed in writing; or (b) after notice y telephone or telecopier or online through the Evolve program, and agreement to the same by, HSBC, delivery of like Precious Metal delivered to HSBC’s designated pool accounts, loco London or through a recognized third party acceptable to HSBC; or (c) upon termination of the Consignment Facility, whether as a result of demand by HSBC or the occurrence of an Event of Default, after notice by telephone or telecopier or online through the Evolve program, delivery of like Precious Metal to HSBC through a recognized third party acceptable to HSBC.
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Examples of Metals Payment in a sentence

  • The Companies shall, as between HSBC and the Companies, accept all risk of loss to the Consigned Precious Metal in accordance with the provisions hereof until Metals Payment as hereinafter provided.

  • The Companies shall make a Metals Payment within two (2) Business Days for all Consigned Precious Metal so purchased (but HSBC may permit the Companies to pay prior to such time without premium or discount).

  • The Company hereby authorizes HSBC to charge the Company’s Account at any time and from time to time for the purpose of making any Metals Payment which is at any time payable hereunder by the Company.

  • The Company shall make a Metals Payment within two (2) Business Days for all Consigned Precious Metal so purchased (but HSBC may permit the Company to pay prior to such time without premium or discount).

  • The Companies hereby authorize HSBC to charge the Companies’ Account at any time and from time to time for the purpose of making any Metals Payment which is at any time payable hereunder by the Companies.

  • Title to such purchased Consigned Precious Metal shall pass to the Company upon payment of Metals Payment.

  • The Company shall, as between the Consignor and the Company, accept all risk of loss to the Consigned Precious Metal in accordance with the provisions hereof until Metals Payment as hereinafter provided.

  • The Company shall make a Metals Payment within two (2) Business Days for all Consigned Precious Metal so purchased (but the Consignor may permit the Company to pay prior to such time without premium or discount).

  • Until such time as Metals Payment has been made for the Consigned Precious Metal , the Consignees will afford the Consigned Precious Metal no less safekeeping protection than it affords Consigned Precious Metal held for its own account and Consignees shall bear all risk of loss or damage to the Consigned Precious Metal.

  • HSBC’s books and records reflecting the making of such consignment of Precious Metal or (as the case may be) the receipt of Metals Payment for Consigned Precious Metal.


More Definitions of Metals Payment

Metals Payment means, for any Consigned Precious Metal, (a) the Companies' payment at the office of HSBC herein set forth or such other place as HSBC may from time to time specify in writing in the form of immediately available United States dollars in an amount equal to the Value of such Consigned Precious Metal on the date of such payment (or, if the Companies had previously provided notice to HSBC of their intention to purchase or settle such Precious Metal on a particular date and HSBC had fixed the Value of such Consigned Precious Metal or otherwise acted in reliance on such notice, and at HSBC's election, the Value of such Precious Metal on the date of fix of Value or other action), plus any applicable premium, or any other purchase price to which the parties have agreed in writing, or (b) after notice to and agreement to the same by HSBC, delivery of like Precious Metal delivered to HSBC's designated pool accounts, loco London.
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Metals Payment means, without duplication: (i) with respect to Applicable Metals produced from the Property purchased by an Offtaker from a Colossus Entity, the receipt by a Colossus Entity of payment or other consideration from the Offtaker in respect of any Applicable Metals produced from the Property, and (ii) with respect to Applicable Metals produced from the Property and refined, smelted or otherwise beneficiated by an Offtaker on behalf of a Colossus Entity, the receipt by a Colossus Entity of Refined Metals from the Offtaker. For greater certainty and without limitation a Metals Payment with respect to Applicable Metals produced from the Property includes the receipt by a Colossus Entity of insurance proceeds with respect to an insured loss with respect to such Applicable Metals. In addition, for greater certainty, if a Colossus Entity receives Refined Metals as payment from an Offtaker (including a credit of unallocated ounces in a metals account), then the receipt of those metals shall be deemed to be a Metals Payment and subsequent sales of those Refined Metals shall not be deemed to be a Metals Payment.
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Metals Payment means, for any Precious Metal, (a) the Company’s payment at the Consignor’s Address or such other place as the Consignor may from time to time specify in writing in the form of immediately available United States dollars in an amount equal to the Value of such Precious Metal on the date of such payment (or, if the Company had previously provided notice to the Consignor by telephone or telecopier of its intention to purchase or settle such Precious Metal on a particular date and the Consignor had fixed the Value of such Precious Metal or otherwise acted in reliance on such notice, and at the Consignor’s election, the Value of such Precious Metal on the date of fix of Value or other action), plus any applicable premium, or any other purchase price to which the parties have agreed in writing, or (b) after notice by telephone or telecopier to an agreement to the same by the Consignor, delivery of like Precious Metal to the Consignor’s designated pool accounts, loco London or through a recognized third party acceptable to the Consignor.
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Metals Payment means, for any Precious Metal, (a) the Companies’ payment at HSBC’s Address or such other place as HSBC may from time to time specify in writing in the form of immediately available United States dollars in an amount equal to the Value of such Precious Metal on the date of such payment (or, if the Companies had previously provided notice to HSBC by telephone or telecopier of their intention to purchase or settle such Precious Metal on a particular date and HSBC had fixed the Value of such Precious Metal or otherwise acted in reliance on such notice, and at HSBC’s election, the Value of such Precious Metal on the date of fix of Value or other action), plus any applicable premium, or any other purchase price to which the parties have agreed in writing, or (b) after notice by telephone or telecopier to and agreement to the same by HSBC, delivery of like Precious Metal delivered to HSBC’s designated pool accounts, loco London or through a recognized third party acceptable to HSBC.
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Related to Metals Payment

  • Interim Payment has the meaning specified in Section 10.1.

  • Delta Payment means as it is described in this Agreement.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and Executive are subject. An example of the calculation of the Bonus Payment is set forth below: Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and Executive is not subject to state income taxes. Further assume that Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 in Excise Taxes are payable. The amount of the required Bonus Payment is thus $100,000. The Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Progress Payment means a payment by a public agency to a contractor for work in place under the terms of a construction contract.