Common use of Obligations of Sponsor Clause in Contracts

Obligations of Sponsor. In addition to the obligations expressly provided by the Delaware Act or this Declaration of Trust, the Sponsor shall: (a) Execute, file, record and/or publish all certificates, statements and other documents and do any and all other things as may be appropriate for the formation, qualification and operation of the Trust and for the conduct of its business in all appropriate jurisdictions; (b) Retain independent public accountants to audit the accounts of the Trust; (c) Employ attorneys to represent the Trust; (d) Select the Trust’s or any Series’ Trustee, administrator, transfer agent, custodian, gold delivery provider(s), index provider, marketing agent(s) and any other service provider(s) and cause the Trust or such Series to enter into contracts with such service provider(s); and (e) Oversee the operation of the service providers of the Trust and each Series in connection with their dealings with the Trust and each Series. The Sponsor shall be entitled to delegate its obligations under this Declaration of Trust and applicable law to third parties, including any Affiliate, and shall not be liable for the actions of such third party to the extent the selection of such third party was made with reasonable care or, as applicable, the selection of such Affiliate was made in accordance with Section 4.02(a).

Obligations of Sponsor. In addition to the obligations expressly provided by the Delaware Act or this Declaration of Trust, the Sponsor shall: (a) Execute, file, record and/or publish all certificates, statements and other documents and do any and all other things as may be appropriate for the formation, qualification and operation of the Trust and for the conduct of its business in all appropriate jurisdictions; (b) Retain independent public accountants to audit the accounts of the Trust; (c) Employ attorneys to represent the Trust; (d) Select the Trust’s or any Series’ Trustee, administrator, transfer agent, custodian, gold delivery provider(s), index provider, marketing agent(s) and any other service provider(s) provider and cause the Trust or such Series to enter into contracts with such service provider(s); and (e) Oversee the operation of the service providers provides of the Trust and each Series in connection with their dealings with the Trust and each Series. The Sponsor shall be entitled to delegate its obligations under this Declaration of Trust and applicable law to third parties, including any Affiliate, and shall not be liable for the actions of such third party or Affiliate to the extent the selection of such third party or affiliate was made with reasonable care or, as applicable, the selection of such Affiliate was made in accordance with Section 4.02(a)care.

Obligations of Sponsor. In addition to the obligations expressly provided by the Delaware Act or this Declaration of Trust, the Sponsor shall: (a) Execute, file, record and/or publish all certificates, statements and other documents and do any and all other things as may be appropriate for the formation, qualification and operation of the Trust and for the conduct of its business in all appropriate jurisdictions; (b) Retain independent public accountants to audit the accounts of the Trust; (c) Employ attorneys to represent the Trust; (d) Select the Trust’s or any Series’ Trustee, administrator, transfer agent, custodian, gold delivery provider(s), index provider, marketing agent(s) and any other service provider(s) and cause the Trust or such Series to enter into contracts with such service provider(s); and (e) Oversee the operation of the service providers provides of the Trust and each Series in connection with their dealings with the Trust and each Series. The Sponsor shall be entitled to delegate its obligations under this Declaration of Trust and applicable law to third parties, including any Affiliate, and shall not be liable for the actions of such third party to the extent the selection of such third party was made with reasonable care or, as applicable, the selection of such Affiliate was made in accordance with Section 4.02(a4.02(a)(i) and (ii).

Obligations of Sponsor. In addition to the obligations expressly provided by the Delaware Act or this Declaration of TrustTrust Agreement, the Sponsor shall: (a) Execute, file, record and/or publish all certificates, statements and other documents and do any and all other things as may be appropriate for the formation, qualification and operation of the Trust and for the conduct of its business in all appropriate jurisdictions; (b) Retain independent public accountants to audit the accounts of the Trust; (c) Employ attorneys to represent the Trust; (d) Select the Trust’s or any Series’ Trustee, administrator, transfer agent, custodian, gold delivery provider(s), index provider, marketing agent(s) and any other service provider(s) and cause the Trust or such Series to enter into contracts with such service provider(s); and (e) Oversee the operation of the service providers of the Trust and each Series in connection with their dealings with the Trust and each Series. The Sponsor shall be entitled to delegate its obligations under this Declaration of Trust Agreement and applicable law to third parties, including any Affiliate, and shall not be liable for the actions of such third party to the extent the selection of such third party was made with reasonable care or, as applicable, the selection of such Affiliate was made in accordance with Section 4.02(a).