Metal Payment

Metal Payment. Means, for any Precious Metal, (a) the Company's payment at the office of HSBC herein set forth or such other place as HSBC may from time to time specify in writing in the form of immediately available United States dollars in an amount equal to the Value of such Precious Metal on the date of such payment (or, if the Company had previously provided notice to HSBC of its intention to purchase or settle such Precious Metal on a particular date and HSBC had fixed the Value of such Precious Metal... or otherwise acted in reliance on such notice, and at HSBC's election, the Value of such Precious Metal on the date of fix of Value or other action), plus any applicable premium, or any other purchase price to which the parties have agreed in writing, or (b) after notice to and agreement to the same by HSBC, delivery of like Precious Metal delivered to HSBC's designated pool accounts, loco London. View More