Common use of De-allocation Clause in Contracts

De-allocation. Following receipt by the Custodian of notice for the withdrawal of Physical Gold from the Trust Allocated Account pursuant to clause 4.1, the Custodian shall de-allocate sufficient Physical Gold from the Trust Allocated Account to credit the Trust Unallocated Account in the amount required, provided that, in the case of a transfer made in connection with clause 4.1(a) of the Unallocated Gold Account Agreement, the Custodian will use its commercially reasonable endeavors to complete the de-allocation of Physical Gold from the Trust Allocated Account to the Trust Unallocated Account by no later than 5:00 p.m. (London Time) on the London Business Day on which notice is given in the form prescribed in clause 4.2(a) of the Unallocated Gold Account Agreement for a withdrawal under clause 4.1(a) of the Unallocated Gold Account Agreement. The Trustee acknowledges that the process of de-allocation of Physical Gold for withdrawal and/or credit to the Trust Unallocated Account may involve minimal adjustments to the weight of Physical Gold to be withdrawn to adjust such weight to the whole bars available.

De-allocation. Following receipt by the Custodian of notice for the withdrawal of Physical Gold Platinum from the Trust Allocated Account pursuant to clause 4.1, the Custodian shall de-allocate sufficient Physical Gold Platinum from the Trust Allocated Account to credit the Trust Unallocated Account in the amount required, provided that, in the case of a transfer made in connection with clause 4.1(a) of the Unallocated Gold Platinum Account Agreement, the Custodian will use its commercially reasonable endeavors to complete the de-allocation of Physical Gold Platinum from the Trust Allocated Account to the Trust Unallocated Account by no later than 5:00 p.m. (London Time) on the London Business Day on which notice is given in the form prescribed in clause 4.2(a) of the Unallocated Gold Platinum Account Agreement for a withdrawal under clause 4.1(a) of the Unallocated Gold Platinum Account Agreement. The Trustee acknowledges that the process of de-allocation of Physical Gold Platinum for withdrawal and/or credit to the Trust Unallocated Account may involve minimal adjustments to the weight of Physical Gold Platinum to be withdrawn to adjust such weight to the whole bars plates or ingots available.