Governmental Sanctions. The Authorized Participant acknowledges and agrees on behalf of itself and any Authorized Participant Client that, if a deposit of bitcoin (as defined in the Procedures) made by the Authorized Participant, its Agent, or any Authorized Participant Client with the Prime Execution Agent (as defined in the Procedures) in connection with a Purchase Order includes any bitcoin which is subject to governmental sanctions applicable to bitcoin, including, without limitation, sanctions of The Office of Foreign Assets Control of the Department of Treasury of the United States applicable to bitcoin, the Prime Execution Agent will block or reject the applicable Purchase Order for the Shares and will take necessary steps to comply with applicable laws.
Governmental Sanctions. The Authorized Participant acknowledges and agrees that, if a deposit of Gold (as defined in the Procedures) made by the Authorized Participant with the Custodian (as defined in the Procedures) in connection with a Purchase Order includes any Gold which is subject to governmental sanctions applicable to brands of gold, including, without limitation, sanctions of The Office of Foreign Asset Control of the Department of Treasury of the United States applicable to brands of gold, the Custodian may reject the deposit of Gold. Upon written notification of such rejection by the Custodian to the Authorized Participant and its delivery agent, as applicable, and the Trustee and if agreed to by the Custodian, the Authorized Participant may replace the Gold subject to any such sanctions by depositing Gold with the Custodian not subject to any sanctions within twenty-four (24) hours of such notification. If the Authorized Participant does not so replace the Gold within such twenty-four (24) hour period, the Purchase Order corresponding with such deposit of Gold shall be deemed canceled.
Governmental Sanctions. The Authorized Participant acknowledges and agrees on behalf of itself and any Authorized Participant Client that, if a deposit of ether (as defined in the Procedures) made by the Authorized Participant, its Agent, or any Authorized Participant Client with the Prime Execution Agent (as defined in the Procedures) in connection with a Purchase Order includes any ether which is subject to governmental sanctions applicable to ether, including, without limitation, sanctions of The Office of Foreign Assets Control of the Department of Treasury of the United States applicable to ether, the Prime Execution Agent will block or reject the applicable Purchase Order for the Shares and will take necessary steps to comply with applicable laws.
