Specification of Bullion. The Custodian may specify the serial numbers of the bars to be withdrawn once it receives instructions from the Trustee to effect a withdrawal of Bullion pursuant to clause 4.1. The Custodian is entitled to select the Bullion to be made available to the Trustee; provided, however, that to the extent the Trustee provides specific serial numbers of bars to be so selected, the Custodian will take reasonable efforts to select such Bullion as specified by the Trustee. The Custodian may require more than two Business Days prior notice in the event that the Trustee does specify the serial numbers of bars to be withdrawn.
Specification of Bullion. Unless you instruct us as to the serial numbers of the Bullion to be debited, we are entitled to select the Bullion to be debited from your Allocated Account. When you instruct us to debit a minimum amount of Bullion from your Allocated Account for credit to your Unallocated Account without specifying the serial numbers of the Bullion to be debited, we will select the Bullion to be debited and will use commercially reasonable efforts to select for deallocation the smallest amount of Bullion necessary to satisfy your instruction. When you notify us of a debit of Bullion pursuant to clause 4.1 in the case of a redemption of Trust shares that has been held open one Business Day, you may not specify the serial numbers of the Bullion to be debited to your Allocated Account.
Specification of Bullion. The Custodian may specify the serial numbers of the bars to be withdrawn once it receives instructions from the Trustee to effect a withdrawal of Bullion pursuant to clause 4.1. The Custodian is entitled to select the Bullion to be made available to the Trustee; provided, however, that to the extent the Trustee provides specific serial numbers of bars for gold or silver and plates for platinum or palladium to be so selected, the Custodian will take reasonable efforts to select such Bullion as specified by the Trustee. The Custodian shall select Bullion in such ratio of gold, silver, platinum and palladium as designated by the Trustee. The Custodian may require more than two London/Zurich Business Days prior notice in the event that the Trustee does specify the serial numbers of bars to be withdrawn.
Specification of Bullion. The Custodian may specify the serial numbers of the plates and/or ingots to be withdrawn once it receives instructions from the Trustee to effect a withdrawal of Bullion pursuant to Clause 4.1. The Custodian is entitled to select the Bullion to be made available to the Trustee; provided, however, that to the extent the Trustee provides specific serial numbers of plates and/or ingots to be so selected, the Custodian will take reasonable efforts to select such Bullion as specified by the Trustee. The Custodian may require more than two London Business Days’ prior notice in the event that the Trustee does specify the serial numbers of plates and/or ingots to be withdrawn.
Specification of Bullion. Unless a Fund instructs us as to the serial numbers of the Bullion to be debited, we are entitled to select the Bullion to be debited from a Fund’s Allocated Account. When a Fund instructs us to debit a minimum amount of Bullion from the Fund’s Allocated Account for credit to the Fund’s Unallocated Account without specifying the serial numbers of the Bullion to be debited, we will select the Bullion to be debited and will use commercially reasonable efforts to select for deallocation the smallest amount of Bullion necessary to satisfy the Fund’s instruction. When a Fund notifies us of a debit of Bullion pursuant to clause 4.1 in the case of a redemption of Fund shares that has been held open one Business Day, the Fund may not specify the serial numbers of the Bullion to be debited to the Fund’s Allocated Account.
Specification of Bullion. Unless you instruct us as to the serial numbers of the Bullion to be debited, we are entitled to select the Bullion to be debited from your Allocated Account. When you instruct us to debit a minimum amount of Bullion from your Allocated Account for credit to your Unallocated Account without specifying the serial numbers of the Bullion to be debited, we will select the Bullion to be debited and will use commercially reasonable efforts to select for deallocation the smallest amount of Bullion necessary to satisfy your instruction.
Specification of Bullion. The Custodian may specify the serial numbers of the bars, plates and/or ingots to be withdrawn once it receives instructions from the Trustee to effect a withdrawal of Bullion pursuant to Clause 4.1. The Custodian is entitled to select the Bullion to be made available to the Trustee; provided, however, that to the extent the Trustee provides specific serial numbers of bars, plates and/or ingots to be so selected, the Custodian will take reasonable efforts to select such Bullion as specified by the Trustee. The Custodian may require more than two London Business Days’ prior notice in the event that the Trustee does specify the serial numbers of bars, plates and/or ingots to be withdrawn.
Specification of Bullion. If you do not notify us of the serial numbers of the bars, plates or ingots to be withdrawn or otherwise identify the Bullion, we are entitled to select the Bullion to be made available to you.
