Fixed Rate Consignment definition

Fixed Rate Consignment means a consignment of Precious Metal by Sensata to the Company under the Consignment Facility bearing a Fixed Consignment Fee.
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Fixed Rate Consignment means a Consignment bearing a Fixed Consignment Fee.
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Fixed Rate Consignment means a consignment of Precious Metal by HSBC to the Company under the Consignment Facility bearing a Fixed Consignment Fee.
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Examples of Fixed Rate Consignment in a sentence

  • In the event, prior to the commencement of any Fixed Rate Period relating to any Fixed Rate Consignment, the Metal Lender shall determine in good faith that adequate and reasonable methods do not exist for ascertaining the Fixed Consignment Fee that would otherwise determine the Fixed Rate Consignment during any Fixed Rate Period, the Metal Lender shall forthwith give notice of such determination (which shall be conclusive and binding on the Customer) to the Customer.

  • If HSBC determines that because of a change in circumstances Fixed Rate Consignments are again available to the Company hereunder, HSBC will so advise the Company, and the Company may convert the Variable Rate Consignments to a Fixed Rate Consignment at any time (provided that Fixed Rate Consignments are otherwise available hereunder) by making such election in accordance with, and subject to the conditions hereof.

  • In such event, (a) any request for a Fixed Rate Consignment shall be automatically withdrawn, (b) each Fixed Rate Consignment will automatically, on the last day of the then current Consignment Period thereof, become due and payable, and (c) the obligations of the Consignor to make Fixed Rate Consignments shall be suspended until the Consignor determines that the circumstances giving rise to such suspension no longer exist, whereupon the Consignor shall so notify the Company.

  • If HSBC notifies Sensata that because of a change in circumstances Fixed Rate Consignments are again available to Sensata, Sensata will so advise the Company, and the Company may convert the Variable Rate Consignments to a Fixed Rate Consignment at any time (provided that Fixed Rate Consignments are otherwise available hereunder) by making such election in accordance with, and subject to the conditions hereof.

  • If for any reason HSBC is unable to offer Sensata a Fixed Consignment Fee or the continuation of an existing Fixed Consignment Fee, then any Fixed Rate Consignment shall be converted automatically to Variable Rate Consignments.

  • In the event, prior to the commencement of any Consignment Period relating to any Fixed Rate Consignment, the Consignor shall determine in good faith that adequate and reasonable methods do not exist for ascertaining the Fixed Consignment Fee that would otherwise determine the rate of interest to be applicable to any Fixed Rate Consignment during any Consignment Period, the Consignor shall forthwith give notice of such determination (which shall be conclusive and binding on the Company) to the Company.

  • Subject to the provisions hereof, a Fixed Rate Consignment may be rolled over upon the expiration of its Consignment Period by giving HSBC notice by telephone or telecopier of the Companies’ decision to roll over an outstanding consignment (a) no later than 1:00 p.m. (New York time) on the day such election is effective.

  • In the event that the Companies do not notify HSBC of their election hereunder with respect to any Fixed Rate Consignment, such Fixed Rate Consignment shall be automatically rolled over to a Fixed Rate Consignment having a one (1) Business Day Consignment Period at the end of the applicable Consignment Period.

  • In the event, prior to the commencement of any Fixed Rate Period relating to any Fixed Rate Consignment, the Metal Lender shall determine in good faith that adequate and reasonable methods do not exist for ascertaining the Fixed Consignment Fee that would otherwise determine the Fixed Rate Consignment during any Fixed Rate Period, the Metal Lender shall forthwith give notice of such determination (which shall be conclusive and binding on the Customers) to the Customer Agent.

  • Rate Consignment may be rolled over to a Fixed Rate Consignment with a Consignment Period of more than one (1) week when there has occurred an Event of Default hereunder without HSBC’s consent, but shall be automatically converted to a Fixed Rate Consignment with a Consignment Period of one (1) week on the last day of its Consignment Period.


More Definitions of Fixed Rate Consignment

Fixed Rate Consignment means a Consignment bearing a Fixed Consignment Fee. “ Fixed Rate Gold Loan ” means a Gold Loan bearing a Fixed Gold Loan Fee.
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Fixed Rate Consignment means a Consignment bearing a Fixed Consignment Fee. “Fixed Rate Period” means, with respect to the Consignment of Metal based upon a Fixed Consignment Fee, the period beginning on the Drawdown Date and ending on such date as the parties may agree upon from time to time and as reflected in the confirmation of such Consignment. “Floating Consignment Fee” means a consignment fee calculated in accordance with the provisions of Section 2.3(c) hereof. “Floating Rate Consignment(s)” means a Consignment bearing a Floating Consignment Fee. “GAAP” means generally accepted accounting principles in the United States of America. “German Guarantee” has the meaning set forth in Section 10.1(k) hereof. “German Precious Metals Agreement” means that certain Amended and Restated Precious Metals Agreement, dated as of even date herewithAugust 12, 2022, by and between the Metal Consignor and Materion Advanced Materials Germany GmbH (“MAMG”), as amended, supplemented or modified from time to time. “Gold” means gold having a minimum degree of fineness of ninety-nine and 50/100 percent (99.50%), in bars of approximately four hundred (400) ▇▇▇▇ ounces, one hundred (100) ▇▇▇▇ ounces or one (1) kilo (32.150 ▇▇▇▇ ounces) each, or in bags of gold grain of approximately one hundred (100) ▇▇▇▇
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Related to Fixed Rate Consignment