Permitted Precious Metals Agreements means precious metals agreements and arrangements (whether styled as debt, a lease, a consignment or otherwise) entered into from time to time by the Company or any Subsidiary, but only to the extent that the aggregate Dollar Amount of the precious metals outstanding thereunder does not exceed $500,000,000. For purposes of this definition, “precious metals” shall include, without limitation, gold, silver, platinum, palladium, rhodium and copper (even though copper is not generally deemed to be a precious metal).
Permitted Precious Metals Agreements means precious metals agreements and arrangements (whether styled as debt, a lease, a consignment or otherwise) entered into from time to time by any Loan Party, but only to the extent that the aggregate Dollar Equivalent of the precious metals subject thereto does not exceed $180,000,000. For purposes of this definition, “precious metals” shall include, without limitation, gold, silver, platinum, palladium and copper (even though copper is not generally deemed to be a precious metal).
Permitted Precious Metals Agreements set forth in Section 1.01 of the Credit Agreement is amended to delete the reference to “$180,000,000” therein and to substitute “$205,000,000” therefor.
Examples of Permitted Precious Metals Agreements in a sentence
THAT a motion to adjourn and amendments thereto shall take precedence over any other motion and shall be put immediately without debate.
The definition of “ Permitted Precious Metals Agreements ” appearing in Section 1.01 of the Credit Agreement is hereby amended to delete the reference to “$500,000,000” appearing therein and replace it with a reference to “$600,000,000”.
This means that the genitive phrase is placed before the noun and means possession.
The definition of “ Permitted Precious Metals Agreements ” set forth in Article 1 of the Credit Agreement is amended to delete the reference to “$205,000,000” therein and to substitute “$235,000,000” therefor.
More Definitions of Permitted Precious Metals Agreements
Permitted Precious Metals Agreements means gold, silver, platinum, palladium, rhodium and other precious metal (including for the purposes of this definition copper, even though copper is not generally deemed to be a precious metal) consignment, loan, conditional sale or lease agreements or arrangements entered into from time to time by BEM or any of its Subsidiaries, to the extent permitted by Section 9.21 hereof; provided, however, that the sum, without duplication, of (i) the Consignment Facility Indebtedness, (ii) the Gold Loan Facility Indebtedness, and (iii) all Indebtedness of the Customers under the Permitted Precious Metals Agreements shall not exceed $140,000,000 in the aggregate at any time. The term “Permitted Precious Metals Agreements” shall not include Client-Customer Arrangements.
Permitted Precious Metals Agreements appearing in Article 1 of the Agreement is hereby amended to read in its entirety as follows:
Permitted Precious Metals Agreements means gold, silver, platinum, palladium, rhodium and other precious metal (including for the purposes of this definition copper, even though copper is not generally deemed to be a precious metal) consignment, loan, conditional sale or lease agreements or arrangements entered into from time to time by BEM or any of its Subsidiaries, to the extent permitted by Sections 9.21 and 9.12(h) hereof. The term “Permitted Precious Metals Agreements” shall not include Client-Customer Arrangements.
Permitted Precious Metals Agreements means gold, silver, platinum, palladium, rhodium and other precious metal (including for the purposes of this definition copper, even though copper is not generally deemed to be a precious metal) consignment, loan, conditional sale or lease agreements or arrangements entered into from time to time by BEM or any of its Subsidiaries, to the extent permitted by Section 9.21 hereof; provided , however , that the sum, without duplication, of (i) the Consignment Facility Indebtedness, (ii) the Gold Loan Facility Indebtedness, and (iii) all Indebtedness of the Customers under the Permitted Precious Metals Agreements shall not exceed $140,000,000 in the aggregate at any time. The term “Permitted Precious Metals Agreements” shall not include Client-Customer Arrangements.
Permitted Precious Metals Agreements means precious metals agreements and arrangements (whether styled as debt, a lease, a consignment or otherwise) entered into from time to time by any Loan Party, but only to the extent that the aggregate Dollar Equivalent of the precious metals subject thereto does not exceed $65,000,000. For purposes of this definition, “precious metals” shall include, without limitation, gold, silver, platinum, palladium and copper (even though copper is not generally deemed to be a precious metal). (b) The definition of “ Kazakhstan Contract ” in Article I of the Credit Agreement is hereby deleted in its entirety and replaced with the following:
Permitted Precious Metals Agreements means Precious Metals consignment, loan, conditional sale or lease agreements or arrangements entered into from time to time by BEM or any of its Subsidiaries, to the extent permitted by Section 9.26 hereof; provided, however, that the sum, without duplication, of (i) the Consignment Facility Indebtedness, (ii) the Gold Loan Facility Indebtedness, and (iii) all Indebtedness of the Customers under the Permitted Precious Metals Agreements shall not exceed $65,000,000 in the aggregate at any time. The term “Permitted Precious Metals Agreements” shall not include Client-Customer Arrangements.
Permitted Precious Metals Agreements set forth in Section 1 of the Loan Agreement are hereby deleted in their entirety and replaced with the following: