Common use of Warrant lodgement Clause in Contracts

Warrant lodgement. You consent for the purposes of the SWORD Regulations to us lodging or causing the lodgement of Warrants through a sub-custodian with the Depository and to our and/or our sub-custodian dealing with the Warrants on the terms of the SWORD Regulations. Where we have lodged or caused to be lodged through a sub-custodian a Warrant on your behalf, you represent and warrant to us that the Warrant and the commodity to which it relates are beneficially owned by you and free of encumbrances and that all requirements of the SWORD Regulations for lodgement are satisfied and authorise us in turn to make, as between ourselves and our sub- custodian, identical an representation and warranty. You shall accordingly indemnify and keep us harmless against any and all loss, claims and damage we may sustain referable to any breach of your representation and warranty or our corresponding breach of representation and warranty.

Warrant lodgement. You consent for the purposes of the SWORD Regulations to us lodging or causing the lodgement of Warrants through a sub-sub- custodian with the Depository and to our and/or our sub-custodian dealing with the Warrants on the terms of the SWORD Regulations. Where we have lodged or caused to be lodged through a sub-custodian a Warrant on your behalf, you represent and warrant to us that the Warrant and the commodity to which it relates are beneficially owned by you and free of encumbrances and that all requirements of the SWORD Regulations for lodgement are satisfied and authorise us in turn to make, as between ourselves and our sub- sub-custodian, identical an representation and warranty. You shall accordingly indemnify and keep us harmless against any and all loss, claims and damage we may sustain referable to any breach of your representation and warranty or our corresponding breach of representation and warranty.