Common use of Warranties on Deposit of Platinum Clause in Contracts

Warranties on Deposit of Platinum. Every Person depositing Platinum under this Agreement shall be deemed thereby to represent and warrant that the Platinum meets the requirements to be Platinum and contains the required number of Ounces, that the person making such deposit is duly authorized to do so and that at the time of delivery, the Platinum is free and clear of any lien, pledge, encumbrance, right, charge or claim (other than the rights created by this Agreement). All representations and warranties deemed made under this Section 3.2 shall survive the deposit of Platinum, Delivery or Surrender of Shares or termination of this Agreement.

Appears in 4 contracts

Samples: Depositary Trust Agreement, Depositary Trust Agreement (ETFS Platinum Trust), Depositary Trust Agreement (ETFS Platinum Trust)

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