Allocated Account definition

Allocated Account means the allocated Bullion account number [ ] established in the name of the Trustee with the Custodian pursuant to this Agreement;

Allocated Account means the sub-account maintained by us in your name recording the amount of Bullion received and held by us for you on an allocated basis.

Allocated Account means the loco London allocated Bullion account, number [ ], or the loco Zurich allocated Bullion account, number [ ], each established in the name of the Trustee, with the Custodian pursuant to the Allocated Account Agreement;

Examples of Allocated Account in a sentence

• The Trustee acknowledges that the process of allocation of Bullion to the Allocated Account from the Unallocated Account may involve minimal adjustments to the weights of Bullion to be allocated to adjust such weight to the number of whole bars available.

• The Trustee agrees that in the normal course (which, for the avoidance of doubt, shall not include withdrawal in connection with the termination of this Agreement) withdrawal of Bullion from the Allocated Account shall be by way of de-allocation and subsequent credit of Bullion to the Unallocated Account.

• Reports of a transfer of Bullion which we debit from your Allocated Account for credit to your Unallocated Account on a Business Day and a transfer of Bullion which we debit from your Unallocated Account for credit to a Third Party Unallocated Account on that Business Day and of the balances in your Allocated Account and Unallocated Account for that Business Day shall be prepared overnight as at the close of our business on that Business Day.

• The Custodian shall open and maintain the Allocated Account in the name of the Trustee (in its capacity as trustee for the Shareholders).

• The Custodian shall advise the Trustee in writing of the deposits made to the Custodial Allocated Account in connection with each Purchase Order.

More Definitions of Allocated Account

Allocated Account means, in relation to Precious Metal, the account maintained by us in your name recording the amount of, and identifying, the Bullion received and held by us for you on an allocated basis pursuant to this Agreement.

Allocated Account means the allocated Bullion account numbers 47404 AA for gold, 14536 AA for silver, 30582 AA for platinum and 20557 AA for palladium opened in the name of the Trustee with the Custodian pursuant to the Allocated Accounts Agreement;

Allocated Account means, in relation to Precious Metal, the account maintained by us in your name pursuant to the Allocated Bullion Account Agreement.

Allocated Account means, in relation to a Precious Metal, the account(s) maintained by us in your name pursuant to this Agreement recording the amount of, and identifying, that Precious Metal received and held by us for you on an allocated basis.

Allocated Account means, in respect of a Series of Securities, the Allocated Account (Custodian) and each Allocated Account (Sub-Custodian) (if any) in respect of such Series.

Allocated Account means any account maintained by us in your name pursuant to this agreement.

Allocated Account means the account maintained by us in your name pursuant to the Allocated Bullion Account Agreement.