Common use of Debit balances Clause in Contracts

Debit balances. You are not entitled to overdraw the Unallocated Account except to the extent that there is equivalent Bullion in the Allocated Account. If for any reason the Unallocated Account is overdrawn beyond 1100 xxxx ounces, we may at our sole discretion and without any further consent from you transfer equivalent Bullion from the Allocated Account in satisfaction of such debit balance.

Appears in 7 contracts

Samples: Custodian Agreement, Custodian Agreement, Custodian Agreement (iShares Silver Trust)

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Debit balances. You are not entitled to overdraw the Unallocated Account except to the extent that there is equivalent Bullion in the Allocated Account. If for any reason the Unallocated Account is overdrawn beyond 1100 xxxx ounces430 Ounces, we may at our sole discretion and without any further consent from you transfer equivalent Bullion from the Allocated Account in satisfaction of such debit balance.

Appears in 4 contracts

Samples: Custodian Agreement (iShares Gold Trust Micro), Custodian Agreement (iShares Gold Trust Micro), Custodian Agreement (iShares Gold Trust Micro)

Debit balances. You are not entitled to overdraw the Unallocated Account except to the extent that there is equivalent Bullion in the Allocated AccountBullion. If for any reason the Unallocated Account is overdrawn beyond 1100 430 xxxx ounces, we may at our sole discretion and without any further consent from you transfer equivalent Bullion from the Allocated Account in satisfaction of such debit balance.. Table of Contents

Appears in 1 contract

Samples: Custodian Agreement (Ishares Comex Gold Trust)

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Debit balances. You are not entitled to overdraw the Unallocated Account except to the extent that there is equivalent Bullion in the Allocated AccountBullion. If for any reason the Unallocated Account is overdrawn beyond 1100 xxxx ounces430 Ounces, we may at our sole discretion and without any further consent from you transfer equivalent Bullion from the Allocated Account in satisfaction of such debit balance.

Appears in 1 contract

Samples: Custodian Agreement (Ishares Comex Gold Trust)

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