Segregated Storage definition

Segregated Storage means storage in one fire area of a building or structure, but with physical detachment from incompatible materials by approved partitions or walls, or with containment in a tank.

Segregated Storage. If you select Segregated Storage, Your Bullion product(s) will be stored separate and apart from Bullion owned by other DDSC customers. Due to its unique space, labor, and auditing requirements, storage fees associated with Segregated Storage are substantially higher than Non-Segregated Storage. The fees charged for Non-Segregated and Segregated Storage are set forth in the Fee Schedule attached to this Agreement.

Segregated Storage. I authorize and direct DDSC to physically set apart my bullion assets from the bullion assets of other DDSC customers. Note: Segregated Storage is unavailable for Foreign Storage or storage in California. Domestic Storage: I authorize and direct DDSC to store my bullion assets in DDSC’s facility located at: 0000 Xxxxx Xxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxxxxx 00000; and/or

Examples of Segregated Storage in a sentence

• Subject to these Terms and Conditions, upon DDC’s receipt of proper written instructions, DDC shall deliver or release to Customer or its designee the exact same Precious Metals as were delivered by Customer to DDC for Segregated Storage and not previously delivered or released to Customer or its designee.

• Restricted cash - The increase in Restricted cash from December 31, 2020 was primarily due to (i) the Non-Recourse Flexiti SPE Facility, entered into as part of our acquisition of Flexiti in March 2021, (ii) the Non-Recourse Flexiti Securitization Facility, entered into in the fourth quarter of 2021, and (iii) the Non-Recourse Heights SPE Facility, entered into as part of our acquisition of Heights in December 2021.

• Any person identifying himself or herself as an Authorized Representative of a Customer and who is identified on such current list of the Customer shall have the right to effect transactions under the Consignment Facility, the Gold Loan Facility, the Forward Contract Facility, the Segregated Storage Facility and this Agreement.

• WAM and the Metal Lender agree and intend that all Stored Precious Metal within the Segregated Storage Facility shall be owned solely by the Metal Lender.

• From time to time, WAM may receive reasonable written instructions from the Metal Lender specifying that a quantity of Stored Precious Metal shall be delivered to the Metal Lender or to a third party located in the continental United States and within a 100-mile radius of the Segregated Storage Facility and designated by the Metal Lender in accordance with such instructions.

• The Segregated Storage Facility shall terminate on the Maturity Date or on such earlier date as the Metal Lender accelerates the Obligations by reason of the occurrence of an Event of Default hereunder.

• All Segregated Storage Facilities shall terminate on the Maturity Date or on such earlier date as the Metal Lender accelerates the Obligations by reason of the occurrence of an Event of Default hereunder.

• Each quarterly installment of the annual storage charge for Segregated Storage shall be the greater of: (i) the Quarterly Segregated Storage Rate for such quarter; or (ii) $60.

• In addition, either WAM or the Metal Lender may at any time on thirty (30) days prior written notice to the other terminate the Segregated Storage Facility.

• All Precious Metal currently located in the Segregated Storage Facility pursuant to the Original Agreement shall constitute Stored Precious Metal for the purposes of this Agreement.

More Definitions of Segregated Storage

Segregated Storage means tankage at the Terminal available for the Commodities and which do not simultaneously contain ********** of any third party at the time the Commodities are in such tankage.

Segregated Storage means that your precious metals are stored separately from other accounts in individual boxes assigned to each client.

Segregated Storage. The storage of RIHT's Precious Metal in a vault located at Borrower's principal office, such Precious Metal located therein to be in the form as originally delivered by RIHT to customer and to be physically segregated from the Borrower's other Precious Metal in such vault, if any, by means of a physical barrier acceptable to RIHT." "Spot Value. At any time, with respect to the calculation of the Dollar value of Precious Metal, (a) in all cases in which the Borrower is purchasing Precious Metal or in which the value of Consigned Precious Metal or Segregated Precious Metal is being calculated (for purposes of determining the Consignment Limit or Segregated Storage Limit, as the case may be), RIHT's "ask" spot quotation for Precious Metal at such times times the number of ounces of such Precious Metal and (b) in all cases in which RIHT is purchasing Precious Metal, RIHT's "bid" spot quotation for Precious Metal at such time times the number of ounces of such Precious Metal."

Segregated Storage means a system whereby User's Commodities are stored without other grades of Commodities being stored in the same tank at the same time (except for "bottoms").

Segregated Storage. I authorize and direct DDSC to physically set apart my bullion assets from the bullion assets of other DDSC customers. DDSC offers Domestic or Foreign Bullion Storage. If you select Domestic Storage, your bullion assets will be stored and safeguarded within DDSC’s facilities in the United States. If you select Foreign Storage, DDSC will arrange to have your bullion assets stored in one of its sub- custodian’s vaults in Canada and/or Switzerland, at your election. Domestic Storage: I authorize and direct DDSC to store my bullion assets in DDSC’s facilities in the United States.