Common use of Specifications of Physical Gold Clause in Contracts

Specifications of Physical Gold. The Precious Metals Dealer represents and warrants to the Sponsor, the Trust and the Delivery Applicant that the physical gold acquired by the Trust from the Precious Metals Dealer for the Delivery Applicant (i) will be in the amount of Fine Ounces of gold specified in the Delivery Application and (ii) will meet the minimum requirements for physical gold provided for in this Agreement and the Trust Agreement.

Appears in 4 contracts

Samples: Transaction and Shipping Agreement, Transaction and Shipping Agreement (Merk Gold Trust), Transaction and Shipping Agreement (Merk Gold Trust)

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