Right to Amend Procedure. The Custodian may amend the procedure for the withdrawal of Physical Gold only where such amendment is caused by a change in the Rules or procedures of the Relevant Association. Any such amendment will be subject to the conditions of the preceding clause 3.3 and will be promptly notified to the Sponsor and the Trustee, such notice to be given in advance of implementation whenever practicable.
Appears in 5 contracts
Samples: Allocated Account Agreement, Depositary Trust Agreement (Merk Gold Trust), Depositary Trust Agreement (Merk Gold Trust)
Right to Amend Procedure. The Custodian may amend the procedure for the withdrawal of Physical Gold only where if (i) such amendment is caused by a change in the Rules or procedures of the Relevant AssociationLBMA, or (ii) the Trustee and the Administrative Sponsor consent (such consent not to be unreasonably withheld). Any such amendment will be subject to the notification conditions of the preceding clause 3.3 and will be promptly notified to the Sponsor and the Trustee, such notice to be given in advance of implementation whenever practicable3.3.
Appears in 2 contracts
Samples: Trust Allocated Metal Account Agreement (Perth Mint Physical Gold ETF), Trust Allocated Metal Account Agreement (Perth Mint Physical Gold ETF)
