Platinum definition

Platinum means elemental platinum having an atomic weight of 195.09 and the chemical element symbol of Pt, whether found by itself or in combination with its alloys or any other metal.

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Platinum shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreements of the abrdn Platinum ETF Trust and the abrdn Precious Metals Basket ETF Trust, as applicable, relating to platinum.

Platinum means (i) allocated platinum plates or ingots complying with the rules of the LPPM relating to good delivery and purity from time to time in effect; and (ii) a contractual obligation against the Custodian to transfer an amount of platinum complying with the rules of the LPPM relating to good delivery and purity from time to time in effect not including Platinum included under (i) above.

Examples of Platinum in a sentence

• The Services will be of the same quality and performed in the same manner of performance as such Services are performed by Platinum Advisors for its Affiliates.

• Nothing contained in this Agreement shall be construed to confer upon any person who is not a party hereto any rights or benefits as a third-party beneficiary or otherwise; provided that Platinum Advisors shall have the right to enforce its rights under Article V and Section 7.4 of this Agreement.

• The Company shall reimburse, or cause its subsidiaries to reimburse, Platinum Advisors for all third party costs (including attorneys’ fees and out of pocket costs) incurred by Platinum Advisors in rendering the Services.

• Platinum Advisors shall render the Services in a professional, timely and workmanlike manner.

• With respect to Section 5.1, Section 5.2 and Section 5.3 of this Agreement, the obligations of Platinum Advisors and the Company shall continue until terminated by Platinum Advisors with or without cause.

More Definitions of Platinum

Platinum means (a) platinum that meets the requirements of “good delivery” under the rules of the LPPM and (b) credit to an account on an Unallocated Basis representing the right to receive platinum that meets the requirements of part (a) of this definition.

Platinum means Platinum Equity Advisors, LLC.

Platinum means, except as provided in, and for the purposes of Section 2.01(b) hereof, platinum having a minimum degree of fineness of ninety-nine and 95/100 percent (99.95%), in sponge or plate, in form available to Metal Lender, or in such other degree of fineness or form as the parties may agree upon from time to time.

Platinum means ingots or plate or unallocated platinum complying with the rules of the London Platinum and Palladium Market relating to good delivery and fineness from time to time in effect.

Platinum means (i) Physical Platinum held by the Custodian or any sub-custodian under the Allocated Platinum Account Agreement and/or (ii) any credit to an account, including the Trust Unallocated Account, on an Unallocated Basis, as the context requires.

Platinum means Platinum Equity Advisors, LLC and its Controlled Affiliates, managed funds and/or accounts.

Platinum means platinum ingots or plate or unallocated platinum complying with the rules of LPPM relating to good delivery and fineness from time to time in effect.