Common use of Asset Delivery Clause in Contracts

Asset Delivery. At your expense, You (or your Authorized Representative) may direct SM to arrange for delivery of all or a portion of your Precious Metals through Canada Post, FedEx or other commercial courier, or by directly contracting with an armored carrier, to a destination designated by You or your Authorized Representative. The delivery options available to the Customer and the applicable withdrawal fees shall depend on the size of shipment and location of Customer. SM requires five (5) business days prior written notice to process any request for the delivery of all or a portion of any Precious Metals stored through SM. Notwithstanding the foregoing, SM shall not be obliged to arrange for such delivery in respect of any Account for which there remains an outstanding fee amount owing. Any Customer seeking to arrange for delivery of all, or portion of any, Precious Metals stored in an Account within the first year shall be responsible for remitting payment in respect of the balance of months outstanding during the initial first year, if any, prior to release of the Precious Metal in accordance with Section 8.