Common use of Physical withdrawal of entire Unallocated Account balance Clause in Contracts

Physical withdrawal of entire Unallocated Account balance. If, when you notify us in connection with a physical withdrawal of Bullion from your Unallocated Account under clause 4.4 that you are withdrawing the entire balance in your Unallocated Account (or when a physical withdrawal under clause 4.4 would, in our determination, result in the entire balance in your Unallocated Account being withdrawn), the physical withdrawal instruction may not be effected by our selection of one or more whole bars of Bullion the combined fine weight of which does not exceed the balance of your Unallocated Account that you are withdrawing, then we will make available to you in accordance with clause 4.4 the number of whole bars that can be accommodated under your instruction. If you have another Unallocated Account with us relating to Precious Metal, we will transfer the remainder of the balance to that account, and if you do not have another Unallocated Account with us, we will purchase for cash the remainder of the Bullion in your Unallocated Account based on the London A.M. Gold Fix on the date you are withdrawing the Bullion physically, or if there is no London A.M. Gold Fix for such date, then the London A.M. Gold Fix for the next Business Day.

Appears in 3 contracts

Samples: Participant Agreement, Participant Agreement (streetTRACKS GOLD TRUST), Agreement (Equity Gold Trust)

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Physical withdrawal of entire Unallocated Account balance. If, when you notify us in connection with a physical withdrawal of Bullion from your Unallocated Account under clause 4.4 that you are withdrawing the entire balance in your Unallocated Account (or when a physical withdrawal under clause 4.4 would, in our determination, result in the entire balance in your Unallocated Account being withdrawn), the physical withdrawal instruction may not be effected by our selection of one or more whole bars of Bullion the combined fine weight of which does not exceed the balance of your Unallocated Account that you are withdrawing, then we will make available to you in accordance with clause 4.4 the number of whole bars that can be accommodated under your instruction. If you have another Unallocated Account with us relating to Precious Metal, we will transfer the remainder of the balance to that account, and if you do not have another Unallocated Account with us, we will purchase for cash the remainder of the Bullion in your Unallocated Account based on the London A.M. LBMA Gold Fix Price AM on the date you are withdrawing the Bullion physically, or if there is no London A.M. LBMA Gold Fix Price AM for such date, then the London A.M. LBMA Gold Fix Price AM for the next Business Day.

Appears in 3 contracts

Samples: Participant Agreement (SPDR Gold Trust), Participant Agreement (SPDR Gold Trust), Amendment (SPDR Gold Trust)

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Physical withdrawal of entire Unallocated Account balance. If, when you notify us in connection with a physical withdrawal of Bullion from your Unallocated Account under clause 4.4 that you are withdrawing the entire balance in your Unallocated Account (or when a physical withdrawal under clause 4.4 would, in our determination, result in the entire balance in your Unallocated Account being withdrawn), the physical withdrawal instruction may not be effected by our selection of one or more whole bars of Bullion the combined fine weight of which does not exceed the balance of your Unallocated Account that you are withdrawing, then we will make available to you in accordance with clause 4.4 the number of whole bars that can be accommodated under your instruction. If you have another Unallocated Account with us relating to Precious Metal, we will transfer the remainder of the balance to that account, and if you do not have another Unallocated Account with us, we will purchase for cash the remainder of the Bullion in your Unallocated Account based on the London A.M. Fixing for Gold Fix on the date you are withdrawing the Bullion physically, or if there is no London A.M. Fixing for Gold Fix for such date, then the London A.M. Fixing for Gold Fix for the next Business Day.

Appears in 2 contracts

Samples: Agreement (Equity Gold Trust), Agreement (Equity Gold Trust)

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