Physical Metal Delivery definition
Physical Metal Delivery means delivery of physical Bars of Gold to a specified Metal Account of an ETC Holder in connection with either (a) settlement of an Early Redemption or Final Redemption of ETC Securities of a Series backed by Gold pursuant to Condition 7(a) (Final Redemption) or 7(b) (Early Redemption) or (b) settlement of a Buy-Back of ETC Securities of a Series backed by Gold pursuant to Condition (Error! Reference source not found. (Purchases and Buybacks);