Common use of Redelivery arrangements Clause in Contracts

Redelivery arrangements. If the Trust does not make arrangements acceptable to the Custodian for the delivery of the Physical Gold, the Custodian may continue to maintain the applicable Fund Allocated Account, in which case the Custodian will continue to charge the fees and expenses payable under clause 10. If the Trust has not made arrangements acceptable to the Custodian for the transfer of Physical Gold from a Fund Allocated Account within 6 months of the date specified in the termination notice as the date on which the termination will take effect, the Custodian will be entitled to close the Fund Allocated Account and sell the Physical Gold (at such time and on such markets as the Custodian considers appropriate) and account to the Fund for the proceeds.

Appears in 5 contracts

Samples: Allocated Gold Account Agreement (World Gold Trust), Allocated Gold Account Agreement (World Gold Trust), Allocated Gold Account Agreement

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Redelivery arrangements. If the Trust Trustee does not make arrangements acceptable to the Custodian for the delivery of the Physical Gold, the Custodian may continue to maintain the applicable Fund Trust Allocated Account, in which case the Custodian will continue to charge the fees and expenses payable under clause 10. If the Trust Trustee has not made arrangements acceptable to the Custodian for the transfer of Physical Gold from a Fund the Trust Allocated Account within 6 months of the date specified in the termination notice as the date on which the termination will take effect, the Custodian will be entitled to close the Fund Trust Allocated Account and sell the Physical Gold (at such time and on such markets as the Custodian considers appropriate) and account to the Fund Trustee for the proceeds.

Appears in 4 contracts

Samples: Allocated Gold Account Agreement, Depositary Trust Agreement (GraniteShares Gold Trust), Allocated Gold Account Agreement (GraniteShares Gold Trust)

Redelivery arrangements. If the Trust does not make arrangements acceptable to the Custodian for the delivery of the Physical Gold, the Custodian may continue to maintain the applicable Fund Allocated Unallocated Account, in which case the Custodian will continue to charge the fees and expenses payable under clause 1010 of the Allocated Gold Account Agreement. If the Trust has not made arrangements acceptable to the Custodian for the transfer of Physical Gold from a Fund Allocated Unallocated Account within 6 months of the date specified in the termination notice as the date on which the termination will take effect, the Custodian will be entitled to close the Fund Allocated Unallocated Account and sell the Physical Gold (at such time and on such markets as the Custodian considers appropriate) and account to the Fund for the proceeds.

Appears in 4 contracts

Samples: Unallocated Gold Account Agreement (World Gold Trust), Unallocated Gold Account Agreement, Unallocated Gold Account Agreement (World Gold Trust)

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Redelivery arrangements. If the Trust Trustee does not make arrangements acceptable to the Custodian for the delivery of the Physical Gold, the Custodian may continue to maintain the applicable Fund Allocated Trust Unallocated Account, in which case the Custodian will continue to charge the fees and expenses payable under clause 1010 of the Allocated Gold Account Agreement. If the Trust Trustee has not made arrangements acceptable to the Custodian for the transfer of Physical Gold from a Fund Allocated the Trust Unallocated Account within 6 months of the date specified in the termination notice as the date on which the termination will take effect, the Custodian will be entitled to close the Fund Allocated Trust Unallocated Account and sell the Physical Gold (at such time and on such markets as the Custodian considers appropriate) and account to the Fund Trustee for the proceeds.

Appears in 3 contracts

Samples: Unallocated Gold Account Agreement (GraniteShares Gold Trust), Unallocated Gold Account Agreement (GraniteShares Gold Trust), Depositary Trust Agreement (GraniteShares Gold Trust)

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