Examples of Gold Bars in a sentence
The Seller hereby agrees to sell and deliver Gold Bars to the Buyer (who hereby accepts to purchase and receive such) under the Specifications and subject to the terms and conditions of this Agreement.
Once ownership and possession of the Gold Bars passes from the Seller to the Buyer pursuant to the previous sentence, the Security Company shall transfer and deliver the Gold Bars according to the Buyer’s instructions.
If the Defaulting Certificateholder has an ownership interest in the Certificates represented by a definitive Certificate, the Trustee will pay the Defaulting Certificateholder cash equal to the proceeds received by the Trustee from the sale of the allocated Gold Bars the serial numbers of which are specified in the applicable Pricing Supplement relating to that definitive Certificate.
The delivery of the relevant Gold Bars to the Certificateholder’s gold account with the Storage Operator in the manner contemplated in these Conditions will be deemed to satisfy the Trustee’s obligation to pay the Dissolution Amount on such Certificates.
To the extent that such sums or the number of Gold Bars are less than the amount or number which the Certificateholders may have expected to receive (the difference being referred to as a shortfall), such shortfall will be borne by such Certificateholders.
In the case of Certificates represented by a Global Certificate, the Storage Operator will select the Gold Bars to be transferred at random from the pool of undivided Gold Bars relating to the relevant Series.
The Certificateholder is responsible for delivery of the Gold Bars outside the Almas Vault and for all expenses and costs, including delivery costs, with respect to the Gold Bars after title has passed to the relevant Certificateholder.
None of the Trustee, the Delegate, the DMCC or the Agents shall be responsible or liable for any failure by the Storage Operator to effect a delivery or transfer of the Gold Bars in accordance with these Conditions.
The Certificateholder shall be paid the Compulsory Dissolution Amount in accordance with Condition 7 (Settlement) on the Business Day immediately following the day on which the Trustee receives the proceeds of sale of the relevant Gold Bars (the Compulsory Dissolution Date).
If a Certificateholder elects for cash settlement in the event of a Certificateholder Optional Dissolution and the relevant Certificateholder has an ownership interest in the Certificates represented by a definitive Certificate, the Trustee will procure the sale of the allocated Gold Bars the serial numbers of which are specified in the applicable Pricing Supplement relating to that definitive Certificate.