Common use of Right to Amend Procedure Clause in Contracts

Right to Amend Procedure. The Custodian may amend the procedure in relation to the deposit of Platinum to the Trust Unallocated Account only where such amendment is caused by a change in Rules. The Custodian will, whenever practicable, notify the Trustee and the Sponsor within a commercially reasonable time before the Custodian amends its procedures or imposes additional ones in relation to the transfer of Platinum into the Trust Unallocated Account, and in doing so the Custodian will consider the Trustee’s and the Sponsor’s needs to communicate any such change to Authorized Participants and others.

Right to Amend Procedure. The Custodian may amend the procedure in relation to the deposit of Platinum to the Trust Unallocated Allocated Account only where such amendment is caused by a change in the Rules. The Custodian will, whenever practicable, notify the Trustee and the Sponsor within a commercially reasonable time before the Custodian amends its procedures or imposes additional ones in relation to the transfer of Platinum into the Trust Unallocated Allocated Account, and in doing so the Custodian will consider the Trustee’s and the Sponsor’s needs to communicate any such change to Authorized Participants and others.