Location of Bullion. Subject to and in accordance with clause 8.1 and unless otherwise agreed between the parties, Bullion must be held by the Custodian at its London vaulting premises or at the Zurich Sub-Custodian’s Zurich vaulting premises. The Custodian agrees that it shall use, or where applicable procure any Sub-Custodian to use, commercially reasonable efforts promptly to transport any Bullion held for the Trustee to these locations at the Custodian’s cost and risk. The Custodian agrees that all delivery and packing shall be in accordance with the Rules and Relevant Association good market practices.
Appears in 5 contracts
Samples: Allocated Account Agreement, Agreement (Etfs Palladium Trust), Account Agreement (ETFS Platinum Trust)
Location of Bullion. Subject to and in accordance with clause 8.1 and unless otherwise agreed between the parties, Bullion must be held by the Custodian at its London vaulting premises or at the Zurich Sub-Custodian’s Zurich vaulting vault premises. The Custodian agrees that it shall use, or where applicable procure any Sub-Custodian to use, commercially reasonable efforts promptly to transport any Bullion held for the Trustee to these locations at the Custodian’s cost and risk. The Custodian agrees that all delivery and packing shall be in accordance with the Rules and Relevant Association good market practices.
Appears in 2 contracts
Samples: Allocated Account Agreement, Allocated Account Agreement (ETFS Gold Trust)
