Common use of Right to Refuse Bullion or Amend Procedure Clause in Contracts

Right to Refuse Bullion or Amend Procedure. We may refuse to accept transfers of Bullion into your Unallocated Account, amend the procedure in relation to the transfer of Bullion into your Unallocated Account or impose such additional procedures in relation to the transfer of Bullion into your Unallocated Account as we may from time to time consider appropriate. Any such refusal will be promptly notified to you. We will notify you within a commercially reasonable time before we amend our procedures or impose additional ones in relation to the transfer of Bullion into your Unallocated Account, and in doing so we will consider your needs to communicate any such change to Participants and others.

Appears in 6 contracts

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

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