Common use of Development Efforts; Status After Termination Clause in Contracts

Development Efforts; Status After Termination. (a) The Marketing Agent and Sponsor shall use their commercially reasonable efforts to develop any Related ETFs or Similar ETFs which the parties have agreed to develop pursuant to Section 6.1 or Section 6.2. For the avoidance of doubt, unless otherwise agreed to in writing by the parties, the parties shall bear their own costs and expenses connected with any such development.

Appears in 3 contracts

Samples: Marketing Agent Agreement, Marketing Agent Agreement (SPDR Gold Trust), Marketing Agent Agreement (streetTRACKS GOLD TRUST)

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Development Efforts; Status After Termination. (a) The Marketing Agent and Sponsor shall use their commercially reasonable efforts to develop any Related ETFs or Similar ETFs which the parties have agreed to develop pursuant to Section 6.1 Article 9.1 or Section 6.2Article 9.2. For the avoidance of doubt, unless otherwise agreed to in writing by the parties, the parties shall bear their own costs and expenses connected with any such development.

Appears in 2 contracts

Samples: Master Marketing Agent Agreement, Master Marketing Agent Agreement (World Currency Gold Trust)

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