Financing component Sample Clauses
The financing component clause defines the terms and conditions under which financing is provided or arranged as part of a contract. It typically outlines the structure of payments, interest rates, repayment schedules, and any security interests or collateral required to secure the financing. For example, it may specify that a buyer can pay for goods over time rather than in a lump sum, with interest accruing on the unpaid balance. This clause's core function is to facilitate transactions by enabling parties to spread payments over time, thereby making large purchases more accessible and managing financial risk for both parties.
Financing component. The financing component reflects the income and costs that would be incurred in the event of a cor- responding investment in the Reference Instrument. Since an investment in futures does not involve the purchase of the reference asset underlying the future but simply consists of entering into a corresponding position in a futures contract, no ex- penditure is incurred for the acquisition of the reference asset underlying the future. Instead, the only requirement is to make a margin payment based on the position entered into in accordance with the rules and regulations of the Reference Exchange. The financing costs for the margin pay- ment are reflected in the financing component. The financing component also reflects the income that would be earned from a risk-free investment in line with the strategy of the leverage component and at the relevant Interest Rate. Additionally, a fee charged by the Index Calculation Agent for the calculation and administration of the Factor Index is added (Index Fee). If the costs of the margin payment and the Index Fee exceed the interest income based on the ap- plicable Interest Rate on a particular day, the value of the Factor Index on that day is reduced.
Financing component. The financing component tracks the capital costs that would be incurred to finance the correspond- ing investment in the Reference Instrument. Additionally, a fee charged by the Index Calculation Agent for the calculation and administration of the Factor Index is added (Index Fee). The financing component therefore reduces the value of the Factor Index.
Financing component. The financing component tracks the capital costs that would be incurred to finance the correspond- ing investment in the oÉÑÉêÉåÅÉ fåëíêìãÉåí (or constituents thereof). Additionally, a fee charged by the ▇▇▇▇▇ `~äÅìä~íáçå ^ÖÉåí for the calculation and administration of the c~▇▇▇▇ ▇▇▇▇▇ is added (fåJ ÇÉñ cÉÉ). The financing component therefore reduces the value of the c~▇▇▇▇ ▇▇▇▇▇.
Financing component. The financing component reflects the income and costs that would be incurred in the event of a cor- responding investment in the oÉÑÉêÉåÅÉ fåëíêìãÉåí. Since an investment in futures does not involve the purchase of the reference asset underlying the future but simply consists of entering into a corresponding position in a futures contract, no ex- penditure is incurred for the acquisition of the reference asset underlying the future. Instead, the only requirement is to make a margin payment based on the position entered into in accordance with the rules and regulations of the oÉÑÉêÉåÅÉ bñÅÜ~åÖÉ. The financing costs for the margin pay- ment are reflected in the financing component. The financing component also reflects the income that would be earned from a risk-free investment in line with the strategy of the leverage component and at the relevant fåíÉêÉëí o~íÉ. Additionally, a fee charged by the ▇▇▇▇▇ `~äÅìä~íáçå ^ÖÉåí for the calculation and administration of the c~▇▇▇▇ ▇▇▇▇▇ is added (▇▇▇▇▇ cÉÉ). If the costs of the margin payment and the ▇▇▇▇▇ cÉÉ exceed the interest income based on the ap- plicable fåíÉêÉëí o~íÉ on a particular day, the value of the c~▇▇▇▇ ▇▇▇▇▇ on that day is reduced.
Financing component. The financing component emulates the income and expenses that would arise from acquiring the Reference Instrument, selling it and investing the proceeds at the risk-free rate. Additionally, a fee charged by the Index Calculation Agent for the calculation and administration of the Factor Index is added (Index Fee which reduces the value of the index). If the acquisition costs and the Index Fee exceed the interest income based on the relevant Interest Rate on a particular day, the value of the Factor Index is reduced on such day.
Financing component. The financing component tracks the capital costs that would be incurred to finance the correspond- ing investment in the Refereuce Iustrumeut (or constituents thereof). Additionally, a fee charged by the Iudex Calculatiou Aφeut for the calculation and administration of the Factor Iudex is added (Iu− dex Fee). The financing component therefore reduces the value of the Factor Iudex.
Financing component. The financing component emulates the income and expenses that would arise from acquiring the Refereuce Iustrumeut, selling it and investing the proceeds at the risk-free rate. Additionally, a fee charged by the Iudex Calculatiou Aφeut for the calculation and administration of the Factor Iudex is added (Iudex Fee which reduces the value of the index). If the acquisition costs and the Iudex Fee exceed the interest income based on the relevant Iuterest Rate on a particular day, the value of the Factor Iudex is reduced on such day.
Financing component. The financing component emulates the income and expenses that would arise from acquiring the oÉÑÉêÉåÅÉ fåëíêìãÉåí, selling it and investing the proceeds at the risk-free rate. Additionally, a fee charged by the ▇▇▇▇▇ `~äÅìä~íáçå ^ÖÉåí for the calculation and administration of the c~▇▇▇▇ ▇▇▇▇▇ is added (▇▇▇▇▇ cÉÉ which reduces the value of the index). If the acquisition costs and the ▇▇▇▇▇ cÉÉ exceed the interest income based on the relevant fåíÉêÉëí o~íÉ on a particular day, the value of the c~▇▇▇▇ ▇▇▇▇▇ is reduced on such day.
Financing component. The financing component reflects the income and costs that would be incurred in the event of a cor- responding investment in the Refereuce Iustrumeut. Since an investment in futures does not involve the purchase of the reference asset underlying the future but simply consists of entering into a corresponding position in a futures contract, no ex- penditure is incurred for the acquisition of the reference asset underlying the future. Instead, the only requirement is to make a margin payment based on the position entered into in accordance with the rules and regulations of the Refereuce Exchauφe. The financing costs for the margin pay- ment are reflected in the financing component. The financing component also reflects the income that would be earned from a risk-free investment in line with the strategy of the leverage component and at the relevant Iuterest Rate. Additionally, a fee charged by the Iudex Calculatiou Aφeut for the calculation and administration of the Factor Iudex is added (Iudex Fee). If the costs of the margin payment and the Iudex Fee exceed the interest income based on the ap- plicable Iuterest Rate on a particular day, the value of the Factor Iudex on that day is reduced.
Financing component. 1. Subject to satisfactory execution by all parties of the hereafter described agreements and approval of the boards of each of Azco and OAL, Azco shall purchase a $750,000 US convertible debenture (the "Debenture") from OAL and Azco shall be granted 1,500,000 warrants. Unless otherwise agreed in writing by Azco, the proceeds of the Debenture shall be used only for the first phase of the Chigua White Bentonite Project (the "Project"), option payments to Pier▇▇ ▇▇▇▇▇▇ ▇▇ accordance with an option agreement (the "Option Agreement") with Pier▇▇ ▇▇▇▇▇▇, ▇▇d a maintenance and administrative allowance as approved by Azco.
2. The terms of the Debenture shall be as follows:
(i) the Debenture shall be a first fixed and floating charge convertible debenture in the principal amount of $750,000 US (the "Principal") bearing interest on outstanding Principal at 12% per annum, calculated and payable annually in arrears, and shall mature two years from its date of issue. It shall be in Azco's standard form and shall not have pre-payment privileges without Azco's consent;
(ii) the Principal shall be drawn by OAL against approved budgets and draw schedules, as mutually agreed, in accordance with the approved mining and production plan (the "Production Plan");
(iii) at the option of Azco, the Debenture shall be convertible, as to Principal (and Azco may elect to advance the total Principal at any time for such purpose), and outstanding interest, to common shares of OAL during the term of the Debenture. Azco may elect to exercise the conversion right in priority to repayment of Principal and interest. Each share shall be priced at $0.50 US.
3. The 1,500,000 warrants (the "Warrants") granted to Azco concurrently with the Debenture, shall be two year Warrants exercisable at any time to purchase up to 1,500,000 common shares of OAL at a price of $0.60 US per share.
4. Azco shall have the right to appoint a representative to the board of directors of OAL during the term of the Debenture and so long as such has not been repaid or converted.
5. RH and RL shall enter into management agreements with OAL for a term of not less than the Debenture term, on terms no better as to salary than that set forth below, and shall be responsible for supervising the implementation and completion of the Production Plan.
6. OAL warrants that it has an option on 50% of the Project and the property thereof pursuant to the Option Agreement and extension agreement between OAL and Pier▇▇ ▇▇▇▇▇▇ ▇▇▇, to t...