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. II. The minimum quantity of gold sold back by the Principal each time shall be 1 gram or 0.1 oz respectively, and shall be in multiples of the aforementioned quantity. This shall not apply, however, when the Principal requests to sell back the entire outstanding amount of gold of the account or to close the account. III. If the gold sold is denominated in TWD, the payment shall only be paid in cash or be credited to the Principal's TWD demand deposit account maintained with the Bank. If paid in cash, the Bank shall withhold the stamp tax as required by the relevant tax regulations. IV. If the gold sold is denominated in USD, the payment shall be credited solely to the Principal's foreign currency demand deposit account. Article 6

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. II. The minimum quantity of gold sold back by the Principal each time shall be 1 gram or 0.1 oz respectively, and shall be in multiples of the aforementioned quantity. This shall not apply, however, when the Principal requests to sell back the entire outstanding amount of gold of the account or to close the account. III. If the gold sold is denominated in TWD, the payment shall only be paid in cash or be credited to the Principal's TWD demand deposit account maintained with the Bank. If paid in cash, the Bank shall withhold the stamp tax as required by the relevant tax regulations. IV. If the gold sold is denominated in USD, the payment shall be credited solely to the Principal's foreign currency demand deposit account. Article 6.

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. II. The minimum quantity of gold sold back by the Principal each time shall be 1 gram or 0.1 oz respectively, and shall be in multiples of the aforementioned quantity. This shall not apply, however, when the Principal requests to sell back the entire outstanding amount of gold of the account or to close the account. III. If the gold sold is denominated in TWD, the payment shall only be paid in cash or be credited to the Principal's TWD demand deposit account maintained with the Bank. If paid in cash, the Bank shall withhold the stamp tax as required by the relevant tax regulations. IV. If the gold sold is denominated in USD, the payment shall be credited solely to the Principal's foreign currency demand deposit account. Article 6