Using Your Holding Sample Clauses

Using Your Holding. 4.1 Buying and selling assets (a) Subject to the restrictions applicable to a Holding as provided in this Client Agreement, upon establishing a Holding you have the ability to buy Metal, Cryptocurrency and National Currency from us and sell Metal, Cryptocurrency and National Currency to us by submitting requests to buy or sell via your Holding. All such transactions and any other products or services that we may agree from time to time to provide to you will be subject to and undertaken in accordance with this Agreement, our Client Acceptance Policy, and any applicable laws or regulations. (b) All transactions of the products and services that we provide and you partake via your Holding, and any fees or charges due to us or any third-party provider or supplier (including GPEL) in relation to the these transactions are recorded in your Holding. All transactions are recorded electronically using Metal Units, National Currency or Cryptocurrency (as the case may be) as the units of account. (c) All Clients who own Metal own allocated Metal stored in a Vault for them by Goldmoney as agent for its Clients. Allocated storage means that the grams of gold, ounces of silver, grams of platinum and grams of palladium in the Vault are contained within discrete and identifiable forms of physical bullion that meet the Chain of Integrity Standard. (d) Each record of a Metal Unit (as the case may be) in your Holding is part of the aggregate weight of Metal that comprises a variety of sizes of bars that meet the Chain of Integrity Standard and is stored for Clients in a designated precious metals storage area in a Vault. The aggregate number of units of each Metal held by all Clients that is recorded in all Holdings is always equal to an identical weight of each Metal held in the Vaults. (e) Metal held in each Vault is owned by Clients and is recorded in the Client’s Holding as Registered Bars or as the Client’s portion of their undivided interest of the Metal in each Vault not recorded as Registered Bars. Your Holding quantifies your undivided interest in the bars of allocated Metal stored at the Vault(s) of your choice. An undivided interest means that your Metal is part of the weight of Metal owned by all the Clients of Goldmoney, including GPEL, not recorded as Registered Bars. (f) Goldmoney confirms that for every Metal Unit held in accordance with this clause 3, cumulatively as Registered Bars and as each Client’s undivided interest in Metal, there is an identical wei...
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Related to Using Your Holding

  • Using Your Card You understand that the use of your credit card or credit card account will constitute acknowledgement of receipt and agreement to the terms of the Credit Card Agreement and Credit Card Account Opening Disclosure (Disclosure). You may use your card to make purchases from merchants and others who accept your card. The credit union is not responsible for the refusal of any merchant or financial institution to honor your card. If you wish to pay for goods or services over the Internet, you may be required to provide card number security information before you will be permitted to complete the transaction. In addition, you may obtain cash advances from the Credit Union, from other financial institutions that accept your card, and from some automated teller machines (ATMs). (Not all ATMs accept your card.) If the credit union authorizes ATM transactions with your card, it will issue you a personal identification number (PIN). To obtain cash advances from an ATM, you must use the PIN issued to you for use with your card. You agree that you will not use your card for any transaction that is illegal under applicable federal, state, or local law. Even if you use your card for an illegal transaction, you will be responsible for all amounts and charges incurred in connection with the transaction. If you are permitted to obtain cash advances on your account, you may also use your card to purchase instruments and engage in transactions that we consider the equivalent of cash. Such transactions will be posted to your account as cash advances and include, but are not limited to, wire transfers, money orders, bets, lottery tickets, and casino gaming chips, as applicable. This paragraph shall not be interpreted as permitting or authorizing any transaction that is illegal.

  • USING YOUR ACCOUNT If you are approved for an account, the Credit Union will establish a line of credit for you. You agree that your credit limit is the maximum amount (purchases, cash advances, finance charges, plus "other charges") which you will have outstanding on your account at any time. Unless disclosed otherwise, the Credit Union will not allow advances over the credit limit. If the Credit Union has a program whereby it allows payment of advances that exceed your credit limit, subject to a fee, the Credit Union will provide you with notice, either orally, in writing, or electronically (notwithstanding the requirements of the paragraph entitled “Statements and Notices”) explaining your right to opt in to the Credit Union’s program whereby it will honor advance requests over the credit limit. In the event you opt in to such a program, you agree to the terms of such a program. You may request an increase in your credit limit only by a method acceptable to the Credit Union. The Credit Union may increase or decrease your credit limit, refuse to make an advance and/or terminate your account at any time for any reason not prohibited by law. If you are permitted to obtain cash advances on your account, we may, from time to time, issue convenience checks to you that may be drawn on your account. Convenience checks may not be used to make a payment on your account balance. If you use a convenience check, it will be posted to your account as a cash advance. We reserve the right to refuse to pay a convenience check drawn on your account for any reason and such refusal shall not constitute wrongful dishonor.

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