Liability for Sub-Custodian. Except for our obligations under clause 7.4 related to obtaining delivery of Bullion to us from Sub-Custodians and Sub-Sub-Custodians, we shall not be liable for any loss suffered by you as a result of any act or omission or insolvency of any Sub-Custodian and any Sub-Sub-Custodian, except to the extent directly resulting from our fraud, negligence or bad faith in the appointment of that Sub-Custodian.
Appears in 3 contracts
Samples: Agreement (SPDR Gold Trust), Allocated Bullion Account Agreement (SPDR Gold Trust), Agreement (SPDR Gold Trust)
Liability for Sub-Custodian. Except for our obligations under clause 7.4 related to obtaining delivery of Bullion to us from Sub-Custodians and Sub-Sub-Custodians, we shall not be liable for any loss suffered by you as a result of any act or omission or insolvency of any Sub-Custodian and any Subdirect or indirect sub-custodian selected or used by such Sub-Custodian, except to the extent directly resulting from our fraud, negligence or bad faith in the appointment of that Sub-Custodian.
Appears in 3 contracts
Samples: Account Agreement (World Currency Gold Trust), Agreement (World Currency Gold Trust), Agreement (SPDR Gold Trust)
