Charges; Liens. The Bullion shall not be subject to any right, charge, security interest, lien or claim of any kind in favour of us, any Sub-Custodian or any creditor of any of them, except a lien for payment for the safe custody and administration of the Bullion. We shall not loan, hypothecate, pledge or otherwise encumber any Bullion in the Allocated Account absent your written instructions.
Appears in 6 contracts
Samples: Custodian Agreement, Custodian Agreement, Custodian Agreement (iShares Silver Trust)
