Common use of Automatic Savings Plan Clause in Contracts

Automatic Savings Plan. If you make use of our savings plan (the automatic buying of Precious Metal periodically), the conditions of this clause shall also apply. In the event of a discrepancy, that which is stipulated in this clause shall prevail. If desired, you can authorise us to automatically buy a standard dollar amount of Precious Metals periodically through the Depository Online website. First the costs and fees shall be deducted from this dollar monthly amount and from the remainder we will purchase at a fixed time each month after receipt of the money in your Account the agreed amount of Precious Metal at the applicable price at the time of execution. The quantity bought thus depends on the amount that you save and the actual price of the Precious Metal. An automatic savings plan can be terminated on a monthly basis. If we receive your notice of termination before the 15th of a calendar month, the automatic savings plan will be terminated on the first day of the next calendar month. In the event that you use the savings plan, for the avoidance of doubt you consent to us holding a lien over your Precious Metal and if necessary we hold this right at law repeatedly, arising from the possession of your Precious Metal in our custody. This right of lien is held in fulfilment of all of your obligations to us at all material times. A buy order for periodic purchases that has been issued can be revoked no later than on the last Business Day prior to the day on which the buy order is received or will be deemed to have been received by us in accordance with clause 6.6. Automatic savings plan buying orders can only be revoked if they are in an “open” status.

Automatic Savings Plan. If You may elect to participate in our automatic savings plan, whereby: (a) you make use of our savings plan (the automatic buying of Precious Metal periodically), the conditions of this clause shall also apply. In the event of a discrepancy, that which is stipulated in this clause shall prevail. If desired, you can authorise us to automatically buy purchase a standard dollar amount of Precious Metals periodically through the Depository Online website. First the Website (Nominated Amount); (b) any applicable costs and fees shall be deducted from this dollar monthly amount the Nominated Amount and from the remainder we will be used by us to purchase Precious Metals at a fixed time each month after receipt month; and (c) any Precious Metals purchased through the automatic savings plan will reflect applicable prices at the time orders are executed by us, following the deduction of costs and fees from the money Nominated Amount. If there is an insufficient balance in your Account the agreed amount to purchase your Nominated Amount of Precious Metal Metals at the applicable price at fixed time, then no automatic purchase of Precious Metals will be made on your behalf that month. You may terminate your involvement in the time of execution. The quantity bought thus depends on the amount that you save and the actual price of the Precious Metal. An automatic savings plan can be terminated at any time by using the links provided on a monthly basisthe Depository Online platform. If we receive your notice of termination you elect to terminate before the 15th calendar day of a calendar any month, your involvement in the automatic savings plan will be terminated on the first 1st calendar day of the next calendar following month. In the event that you use the savings plan, for the avoidance of doubt you consent to us holding a lien over your Precious Metal and if necessary we hold this right at law repeatedly, arising from the possession of your Precious Metal in our custody. This right of lien is held in fulfilment of all of your obligations to us at all material times. A buy order for periodic purchases that has been issued can be revoked no later than on the last Business Day prior to the day on which the buy order is received or will be deemed to have been received by us in accordance with clause 6.6. Automatic savings plan buying orders can only be revoked if they are in an “’open” ’ status.