Common use of Selling back Clause in Contracts

Selling back. I. When selling back gold, the Principal shall present to the Bank the passbook and the completed "Gold Investment Account Back-Sale Slip" carrying the original authorized seal originally registered with the Bank. The Principal shall in the meantime effect payment according to the purchase price announced by the Bank at the time when the back-sale transaction is processed by the computer systems of the Bank.

Selling back. I. When selling back gold, the Principal shall present to the Bank the passbook and the completed "Gold Investment Account Back-Sale Slip" carrying the original authorized seal originally registered with the Bank. The Principal shall in the meantime effect e fect payment according to the purchase price announced by the Bank at the time when the back-sale transaction is processed by the computer systems of the Bank.