Common use of Control by the Trust Clause in Contracts

Control by the Trust. The Trust, State Street and AP agree that State Street will comply with all entitlement orders and instructions originated by the Trust directing disposition of the Deposits in the Collateral Account without further consent of AP. During such time, unless and until State Street receives written notice from the Trust pursuant to Section 2.3 below instructing State Street that the Trust is exercising its right to exclusive control over the Collateral Accounts, which notice shall be in substantially the form attached hereto as Exhibit B (a “Notice of Exclusive Control”), or if all previous Notices of Exclusive Control with respect to the Collateral Accounts have been revoked or rescinded in writing by the Trust, State Street shall also take actions with respect to the Collateral upon the joint instructions of the Trust and AP, except that in the case of Deposits returned to AP, State Street may take instructions solely from the Trust.

Appears in 4 contracts

Samples: Control Agreement, Control Agreement (iShares S&P GSCI Commodity-Indexed Trust), Control Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC)

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