Common use of Opening Unallocated Accounts Clause in Contracts

Opening Unallocated Accounts. We shall open and maintain one or more Unallocated Accounts in respect of each Precious Metal which you ask us, and we agree, to hold for you on an unallocated basis on the terms of this Agreement.

Opening Unallocated Accounts. We shall open and maintain one or more Unallocated Accounts in respect of each a quantity of Precious Metal which cannot be allocated in a whole number of physical bars that are held under the Allocated Precious Metals Accounts Agreement, to hold Precious Metal to facilitate settlement of purchases and sales and any other Precious Metal which you ask us, and we agree, to hold for you on an unallocated basis on the terms of this Agreement.