Certain Matters Regarding Successor Sponsor. The covenants, provisions and agreements herein contained shall in every case be binding upon any successor to the business of the Sponsor. The Sponsor may transfer all or substantially all of its assets to an entity which carries on the business of the Sponsor, if at the time of such transfer such successor duly assumes all the obligations of the Sponsor under this Agreement, and in such event, the Sponsor shall be relieved of all further liability under this Agreement.
Appears in 33 contracts
Samples: Depositary Trust Agreement, Depositary Trust Agreement (Currencyshares Chinese Renminbi Trust), Depositary Trust Agreement (Currencyshares Chinese Renminbi Trust)
Certain Matters Regarding Successor Sponsor. The covenants, provisions and agreements herein contained shall in every case be binding upon any successor to the business of the Sponsor. The Sponsor may transfer all or substantially all of its assets to an entity which carries on the business of the Sponsor, if at the time of such transfer such successor duly assumes all the obligations of the Sponsor under this AgreementDeclaration of Trust, and in such event, the Sponsor shall be relieved of all further liability under this AgreementDeclaration of Trust.
Appears in 1 contract
Samples: Agreement and Declaration of Trust (Global Currency Gold Trust)
