Denomination of Trust Unallocated Account. The Trust Unallocated Account will hold deposits of Gold and will be denominated in Fine Ounces. The Custodian agrees to use reasonable efforts to minimize the amount of Gold held for the Trust on an Unallocated Basis at all times and the Custodian must allocate ownership of Physical Gold to the Trust such that no more than 430 Fine Ounces of Unallocated Gold are held for the Trust at the end of each Business Day.
Appears in 5 contracts
Samples: Trust Unallocated Account Agreement, Trust Unallocated Account Agreement (Merk Gold Trust), Depositary Trust Agreement (Merk Gold Trust)
