Common use of Assets with Declared Value Clause in Contracts

Assets with Declared Value. When making a deposit, you may declare an Asset as having a higher value than the base metal content value. If you declare a higher value for an Asset, we may rely on and use your Declared Value for calculating your storage fees. If you do not declare a higher value for any Asset deposited with us, we may assume that the value of the Asset is limited to its metal content value as determined by us and you will not be able to later claim a higher value in the event of loss or damage.

Appears in 4 contracts

Samples: www.texasbulliondepository.gov, texasbulliondepository.gov, texasbulliondepository.gov

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