Examples of Specified Gold Jewelry in a sentence
In applying the law of any jurisdiction in which Revised Article 9 is in effect, the Collateral is all Specified Gold Jewelry, the Cash Collateral Account (as defined in the Cash Collateral Agreement), all sums from time to time in the Cash Collateral Account and all Time Deposits (as defined in the Cash Collateral Agreement), in each case whether or not within the scope of Revised Article 9.
No Consignee will use the Consigned Precious Metal or Specified Gold Jewelry in violation of any statute or ordinance.
In addition, all such insurance with respect to Specified Gold Jewelry shall be payable to the Agent for the benefit of the Institutions and the Agent as additional insured (with respect to liability insurance policies) or loss payee under a "standard" or "New York" loss payee clause (with respect to property insurance policies) as its interests may appear.
The proceeds of the Purchases and Consignments shall be used (i) initially to refinance or finance the purchase of the Precious Metal content of Specified Gold Jewelry and (ii) on an on-going basis, for financing and purchasing the Precious Metal content of Specified Gold Jewelry.
Each Purchase and Consignment Request shall be irrevocable and binding on the Consignees and shall obligate the Consignees to sell and take on consignment such Precious Metal content of Eligible Specified Gold Jewelry on the proposed Drawdown Date.
The Agent may examine and inspect the Consigned Precious Metal or Specified Gold Jewelry at any time during normal business hours (provided that no unreasonable interference with the Consignees' business shall result therefrom), wherever located, and each Consignee agrees to keep all records relating to the Consigned Precious Metal at its Principal Office.
The Agent shall be satisfied in all respects with the Consignees' license arrangements with its host department stores, including without limitation, that the Inventory (including Specified Gold Jewelry) and Precious Metal (including Consigned Precious Metal) of the Consignees located at such host department stores is not subject to any prior Liens or claims of any such host department store or of any creditor of any such host department store.