Common use of Further Provisions for Gold Sales Clause in Contracts

Further Provisions for Gold Sales. In addition to selling Gold in accordance with Section 4.7, the Trustee shall sell Gold whenever any one or more of the following conditions exist: (a) the Sponsor has notified the Trustee that such sale is required by applicable law or regulation; or (b) this Agreement has been terminated and the Trust Property is to be liquidated in accordance with Section 6.2. Unless otherwise directed by the Sponsor, when selling Gold the Trustee shall endeavor to place orders with dealers (which may include the Custodian) through which it may reasonably expect to obtain a favorable price and good execution of orders. The Trustee and the Sponsor shall not be liable or responsible in any way for depreciation or loss incurred by reason of any sale made pursuant to this Section 4.9.

Further Provisions for Gold Sales. In addition to selling Gold in accordance with Section 4.7, the Trustee shall sell Gold or other Trust Property, if any, whenever any one or more of the following conditions exist: (a) the Sponsor has notified the Trustee that such sale is required by applicable law or regulation; or (b) this Agreement has been terminated and the Trust Property is to be liquidated in accordance with Section 6.2. Unless otherwise directed by the SponsorWhen selling gold, when selling Gold the Trustee shall endeavor to place orders with dealers (which may include the Custodian) as directed by the Sponsor or, in the absence of such direction, with the Custodian or, if the Custodian is unable or unwilling to execute such orders, with dealers through which it the Trustee may reasonably expect to obtain a favorable price and good execution of orders. The Trustee and the Sponsor shall not be liable or responsible in any way for depreciation or loss incurred by reason of any sale made pursuant to this Section 4.9.

Further Provisions for Gold Sales. In addition to selling Gold gold in accordance with Section 4.7, the Trustee shall sell Gold gold or other Trust Property whenever any one or more of the following conditions existexists: (a) the a Sponsor has notified the Trustee, or counsel to the Trustee has advised, that such sale is required by applicable law or regulation; or (b) this Agreement has been terminated and the Trust Property is to be liquidated in accordance with Section 6.2. Unless otherwise directed by the SponsorWhen selling gold, when selling Gold the Trustee shall endeavor to place orders with the Custodian at the Benchmark Price next determined after receipt of the order or, if the Custodian is unable or unwilling to execute such orders, with dealers (which may include the Custodian) through which it the Trustee may reasonably expect to obtain a favorable price and good execution of the orders. The Neither the Trustee and the nor a Sponsor shall not be liable or responsible in any way for depreciation or loss resulting or incurred by reason of any sale made pursuant to this Section 4.9.