Metals Payment

Metals Payment. Means, for any Precious Metal, (a) the Companies' payment at HSBC's Address 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 Companies had previously provided notice to HSBC by telephone or telecopier of their 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 by telephone or telecopier to and agreement to the same by HSBC, delivery of like Precious Metal delivered to HSBC's designated pool accounts, loco London or through a recognized third party acceptable to HSBC. View More