Secured Allocated Account definition

Secured Allocated Account means the allocated Metal account held in the name of the Issuer with the Secured Account Custodian in respect of this Series of ETC Securities.
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Secured Allocated Account means the allocated account of the Issuer with the Custodian in which the Custodian holds the Precious Metal to which the Certificates are linked, on an allocated basis;
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Secured Allocated Account means with respect to The Royal Mint Physical Gold ETC Securities, the Secured Allocated Gold Account.
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Examples of Secured Allocated Account in a sentence

  • This Swing Amount will be maintained in the Secured Gold Accounts to ensure that there will always be allocated gold in the Secured Gold Accounts in an amount greater than the Combined Entitlement to Gold of all outstanding Gold Bullion Securities (except to the extent that gold has been transferred to the Secured Unallocated Account to effect a redemption) and that there will always be a whole number of London Good Delivery gold bars in the Secured Allocated Account.

  • Once the Metal is transferred to the Secured Allocated Account, the Issuer will create the Metal Securities and deliver them to the Authorised Participant via the Relevant Clearing System.

  • A Task List (Exhibits J and K) are provided for both the DPW and CBU in this information packet.

  • They were also influential global media people, such as Wolf Blitzer of CNN, Barbara Walters of ABC News, Joseph Lelyeld of New York Times, Eugene Meyer of Washington Post and Henry Grunwald of Time Magazine.

  • In respect of one or more Classes, the Secured Allocated Account will be established pursuant to the Secured Allocated Custody Agreement.

  • The Custodian will segregate gold credited to the Secured Allocated Account from any other gold which it owns or holds for others by entering appropriate entries in its books and records, and will require any sub-custodians it appoints to so segregate such gold.

  • In the event of an insolvency of the Custodian or any relevant Sub-custodian, the allocated Metal held by the Custodian (or any relevant Sub-custodian) in the relevant Secured Allocated Account for the benefit of the Issuer should be protected as such Metal should be identified separately from the assets of the Custodian, any relevant Sub-custodian and its other clients.

  • The Secured Allocated Account Agreement requires the Custodian to use reasonable care in the selection of those sub-custodians and provided that it shall not be liable for any act or omission, or for the solvency, of any sub-custodian it appoints unless the appointment of that sub-custodian was made by it negligently or in bad faith.

  • The Company, the Trustees and the Custodian have agreed that only the Trustee shall have the right to give instructions to the Custodian for withdrawal of gold from the Secured Allocated Account or the Secured Unallocated Account, whether by way of de-allocation or by way of collection or delivery, credit or debit.

  • Once a withdrawal of gold from the Secured Allocated Account is requested, such gold must be de-allocated for purposes of crediting it to an unallocated gold account.


More Definitions of Secured Allocated Account

Secured Allocated Account means the allocated gold account number 18899 established in
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Secured Allocated Account means, in respect of any Series of Bullion Notes and the relevant Underlying Precious Metal, the secured allocated account opened and maintained by the Custodian or any sub-custodian in respect of such Notes and Underlying Precious Metal;
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Secured Allocated Account means the Initial Secured Allocated Account and the Swiss Gold Secured Allocated Account, and:
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Secured Allocated Account means the allocated Bullion account number 19235 established in
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Related to Secured Allocated Account

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Principal Collection Account means a segregated, non-interest bearing securities account (within the meaning of Section 8-501 of the UCC) number 172148-202, which is created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties, which is established and maintained pursuant to Section 8.1(a).

  • Finance Charge Account is defined in Section 4.9(a).

  • Allocated Loan Amount means, for an Individual Property, the amount set forth on Schedule II attached hereto.

  • Controlled Account means each deposit account and securities account that is subject to a Qualifying Control Agreement.

  • Reallocated Principal Collections means, with respect to any Monthly Period, the product of (a) the Principal Allocation Percentage with respect to such Monthly Period, (b) the aggregate amount of Collections in respect of Principal Receivables deposited in the Collection Account for such Monthly Period and (c) the sum of the Class B Floating Percentage and the Collateral Floating Percentage with respect to such Monthly Period.

  • L/C Cash Deposit Account means an interest bearing cash deposit account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).