Common use of Delivery Arrangements Clause in Contracts

Delivery Arrangements. If the Trustee does not make arrangements reasonably acceptable to the Custodian for the transfer of Unallocated Gold after termination, the Custodian may continue to hold such Unallocated Gold, in which case the Custodian will continue to charge an amount equal to the Custodial Sponsor Fee payable under the Trust Agreement. If the Trustee has not made arrangements reasonably acceptable to the Custodian for the transfer of Unallocated Gold within six months of the date specified in the termination notice as the date on which the termination will take effect, the Custodian will be entitled to (but is not obligated to) sell Unallocated Gold and account to the Trustee for the proceeds.

Delivery Arrangements. If the Trustee does not make arrangements reasonably acceptable to the Custodian for the transfer delivery of Unallocated the Physical Gold after termination, the Custodian may continue to hold such Unallocated store the Physical Gold, in which case the Custodian will continue to charge an amount equal to the Custodial Sponsor Fee payable under the Trust Agreement. If the Trustee has not made arrangements reasonably acceptable to the Custodian for the transfer delivery of Unallocated the Physical Gold within six months of the date specified in the termination notice as the date on which the termination will take effect, the Custodian will be entitled to (but is not obligated to) sell Unallocated the Physical Gold and account to the Trustee for the proceeds.