Common use of De-allocation Clause in Contracts

De-allocation. Following receipt by the Custodian of notice for the withdrawal of Bullion from the Allocated Account pursuant to clause 4.1, the Custodian shall de-allocate sufficient Bullion from the Allocated Account to credit the Unallocated Account in the amount required. The Trustee acknowledges that the process of de-allocation of Bullion for withdrawal and/or credit to the Unallocated Account may involve minimal adjustments to the weight of Bullion to be withdrawn to adjust such weight to the whole bars available.

Appears in 16 contracts

Samples: Allocated Account Agreement, Allocated Account Agreement, Allocated Account Agreement (Aberdeen Standard Silver ETF Trust)

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De-allocation. Following receipt by the Custodian of notice for the withdrawal of Bullion from the Allocated Account pursuant to clause 4.1Clause 5.1, the Custodian shall de-allocate sufficient Bullion from the Allocated Account to credit the Unallocated Account in the amount required. The Trustee acknowledges that the process of de-allocation of Bullion for withdrawal and/or credit to the Unallocated Account may involve minimal adjustments to the weight of Bullion to be withdrawn to adjust such weight to the whole bars available.

Appears in 3 contracts

Samples: Allocated Account Agreement (Etfs Palladium Trust), Allocated Account Agreement (ETFS Platinum Trust), Allocated Account Agreement (Etfs Silver Trust)

De-allocation. Following receipt by the Custodian of notice for the withdrawal of Bullion from the Allocated Account pursuant to clause Clause 4.1, the Custodian shall de-allocate sufficient Bullion from the Allocated Account to credit the Unallocated Account in the amount required. The Trustee acknowledges that the process of de-allocation of Bullion for withdrawal and/or credit to the Unallocated Account may involve minimal adjustments to the weight of Bullion to be withdrawn to adjust such weight to the whole bars plates and/or ingots available.

Appears in 2 contracts

Samples: Allocated Account Agreement (Abrdn Palladium ETF Trust), Allocated Account Agreement (Abrdn Platinum ETF Trust)

De-allocation. Following receipt by the Custodian of notice for the withdrawal of Bullion from the Allocated Account pursuant to clause Clause 4.1, the Custodian shall de-allocate sufficient Bullion from the Allocated Account to credit the Unallocated Account in the amount required. The Trustee acknowledges that the process of de-allocation of Bullion for withdrawal and/or credit to the Unallocated Account may involve minimal adjustments to the weight of Bullion to be withdrawn to adjust such weight to the whole bars available.

Appears in 2 contracts

Samples: Allocated Account Agreement (Abrdn Gold ETF Trust), Allocated Account Agreement (Abrdn Silver ETF Trust)

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De-allocation. Following receipt by the Custodian of notice for the withdrawal of Bullion from the Allocated Account pursuant to clause Clause 4.1, the Custodian shall de-allocate sufficient Bullion from the Allocated Account to credit the Corresponding Unallocated Account in the amount required. The Trustee acknowledges that the process of de-allocation of Bullion for withdrawal and/or credit to the Corresponding Unallocated Account may involve minimal adjustments to the weight of Bullion to be withdrawn to adjust such weight to the whole bars bars, plates and/or ingots available.

Appears in 1 contract

Samples: Allocated Account Agreement (Abrdn Precious Metals Basket ETF Trust)

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