Spot Value definition

Spot Value means the value of a particular item of CFC Collateral as determined by reference to a published value as of the date of determination by a reputable recognized source in the Precious Metal industry, acceptable to the Administrative Agent.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

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 for purposes of the Consignment Limit is being calculated, RIHT's "ask" spot quotation for Precious Metal at such time times the number of ounces of such Precious Metal and (b) in all cases in which Gold Banks are purchasing Precious Metal, RIHT's "bid" spot quotation for Precious Metal at such time times the number of ounces of such Precious Metal.

Spot Value means the transaction to which it is referred is to be executed two working days from the date it is contracted or agreed;

Examples of Spot Value in a sentence

• In the event that the London Bullion Brokers shall discontinue or alter its usual practice of quoting a price in Dollars for gold, the Fair Market Value for such day shall be RIHT's Spot Value for that day.

• The Spot Value Date and the Forward Value Date shall be collectively referred to hereinafter as the "Value Date".

• However, if the USD/EUR Rate is not so quoted on the date of automatic exercise, then the Spot Value will be the exchange rate between Euro and U.S. Dollars, based upon the noon buying rate in New York for cable transfers in foreign currencies as announced by the Federal Reserve Bank of New York for customs purposes (the "Noon Buying Rate").

• NBC agrees to telecast Spots with a total spot -------------- value of $3,000,000 (the "Total Spot Value") calculated, for each Spot, at [*].

• In the event that NBC TV does not telecast Spots equal to the Total Spot Value during the thirty-six (36) months after the Effective Date, then as liquidated damages and not a penalty, NBCi shall pay Advertiser in cash an amount equal to the difference, if positive, between the Total Spot Value and the value of the Spots actually telecast, as calculated pursuant to Section 2 above.

More Definitions of Spot Value

Spot Value means the transaction to which it is referred is to be executed

Spot Value means two Business Days forward from the trade date and usually refers to a Foreign Currency transaction.

Spot Value means the value of a particular item of CFC Collateral as determined by reference to a published value as of the date of determination by a reputable recognized source in the Precious Metal industry, acceptable to Agent.

Spot Value for any date means the closing level on such date of the [Reference Index]. References herein to "U.S. dollar," "U.S.$" or "$" are to the lawful currency of the United States of America [and, references to [other currency] are to the lawful currency of [country of the principal trading market of the Underlying Securities]] [other provision if the principal trading markets of the Underlying Securities are in more than one country] [alternative provision for indices not based on securities]. As used herein, "New York Business Day" means any day other than a Saturday or a Sunday or a day on which either the American Stock Exchange or the New York Stock Exchange is not open for securities trading or commercial banks in New York City are required or authorized by law or executive order to remain closed. As used herein, "Index Calculation Day" means any day on which the [Reference Index] or any Successor Index is calculated and published. The Warrant Agreement and the terms of the Warrants are subject to amendment, as provided in the Warrant Agreement. This Global Warrant Certificate shall be governed by, and interpreted in accordance with, the laws of the State of New York.

Spot Value for any date means the closing level on such date of the [Reference Index]. References in this Agreement to "U.S. dollars", "U.S.$" or "$" are to the lawful currency of the United States of America, [and references to [other currency] are to the lawful currency of [country of the principal trading market for the Underlying Securities]] [other provisions if the principal trading markets for the Underlying Securities are in more than one country] [alternative provision for indices not based on securities].

Spot Value has the meaning given in Clause 11.19;

Spot Value for any date means the closing level on such date of the [Reference Index]. References herein to "U.S. dollar," "U.S.$" or "$" are to the lawful currency of the United States of America [and, references to [other currency] are to the lawful currency of [country of the principal trading market of the Underlying Securities]] [alternative provision for indices not based on securities] [other provision if the principal trading markets of the Underlying Securities are in more than one country] [alternative provision for indices not based on securities]. As used herein, "New York Business Day" means any day other than a Saturday or a Sunday or a day on which either the American Stock Exchange or the New York Stock Exchange is not open for securities trading or commercial banks in New York City are required or authorized by law or executive order to remain closed. As used herein, "Index Calculation Day" means any day on which the [Reference Index] or any Successor Index is calculated and published. The Warrant Agreement and the terms of the Warrants are subject to amendment, as provided in the Warrant Agreement. This Warrant Certificate shall be governed by, and interpreted in accordance with, the laws of the State of New York. Exercise Notice [Name and Address of Warrant Agent] Attention: ___________________