Examples of Gold Redemption Notice in a sentence
Any Gold Redemption Notice must include a valid signature guarantee to be deemed valid by the Trust.
If the Trust or the Registrar and Transfer Agent determines that the Gold Redemption Notice complies with all applicable requirements, the number of Gold Coins that will be delivered to the redeeming Unitholder will be determined as of the Valuation Time on the applicable Weekly Redemption Date in accordance with the procedure in Section 6.1(h) (“Gold Redemption”).
If the Registrar and Transfer Agent determines that the Gold Redemption Notice does not comply with the applicable requirements the Registrar and Transfer Agent will provide a notice to such Unitholder’s broker explaining the deficiency.
A Gold Redemption Notice must be received by the Registrar and Transfer Agent no later than 4:00 p.m. (Toronto time) on the third Business Day prior to the day in which the Gold Redemption Notice will be processed.
Any Gold Redemption Notice received after such time will be processed on the next Weekly Redemption Date.
Any Gold Redemption Notice received after such time will be processed in the next month.
A Gold Redemption Notice must be received by the transfer agent no later than 4:00 p.m., Toronto time, on the 15th day of the month in which the Gold Redemption Notice will be processed or, if such day is not a business day, then on the immediately following day that is a business day.
Except as provided under “Redemption of Units – Suspension of Redemptions” below, by instructing a broker to deliver to the transfer agent a Gold Redemption Notice, the unitholder will be deemed to have irrevocably surrendered his, her or its units for redemption and appointed such broker to act as his, her or its exclusive settlement agent with respect to the exercise of such redemption privilege and the receipt of payment in connection with the settlement of obligations arising from such exercise.
Once such determination has been made, the Registrar and Transfer Agent will inform the Broker through which the Unitholder has delivered its Gold Redemption Notice of the amount of Gold Bullion and cash that the redeeming Unitholder will receive upon the redemption of the Unitholder’s Units.
Any Gold Redemption Notice received after such time will be processed on the next Monthly Redemption Date.