Book Entry Only System Global Security Sample Clauses

Book Entry Only System Global Security. (a) The Sponsor and the Trustee will enter into the Depository Agreement pursuant to which the Depository will act as securities depository for Equity Gold Shares. Equity Gold Shares will be represented by a single Global Security, which will be registered, as the Depository shall direct, in the name of Cede & Co., as nominee for the Depository and deposited with, or on behalf of, the Depository. No other certificates evidencing Equity Gold Shares will be issued. The Global Security shall be in the form attached hereto as Exhibit D and shall represent such Equity Gold Shares as shall be specified therein, and may provide that it shall represent the aggregate amount of outstanding Equity Gold Shares from time to time endorsed thereon and that the aggregate amount of outstanding Equity Gold Shares represented thereby may from time to time be increased or reduced to reflect deposits or redemptions. Any endorsement of a Global Security to reflect the amount, or any increase or decrease in the amount, of outstanding Equity Gold Shares represented thereby shall be made in such manner and upon instructions given by the Trustee as specified in the Depository Agreement. (b) Any Global Security issued to The Depository Trust Company or its nominee shall bear a legend substantially to the following effect: "Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation ("DTC"), to the Trustee or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is required by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein." (c) The Depository has advised the Sponsor and the Trustee as follows: The Depository is a limited-purpose trust company organized under the laws of the State of New York, a member of the Federal Reserve System, a "clearing corporation" within the meaning of the New York Uniform Commercial Code, and a "clearing agency" registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended. The Depository was created to hold securities of its participants (the "DTC Participants") and to facili...