Sub-custodian(s) means each Sub-custodian appointed by the Custodian pursuant to Section 8 of this Agreement, but shall not include Securities Depositories.
Sub-custodian(s). We may appoint Sub-Custodians solely for the temporary custody and safekeeping of Bullion until transported to our London vault premises as provided in clause 7.4, unless otherwise agreed between the Trust and us with the consent of the Sponsor. Any such Sub-Custodian shall be a member of the LBMA. The Sub-Custodians we select may themselves select subcustodians to provide such temporary custody and safekeeping of Bullion, but such subcustodians shall not by such selection or otherwise be, or be considered to be, a Sub-Custodian as such term is used herein. We will use reasonable care in selecting any Sub-Custodian. [As of the date of this Agreement, the Sub-Custodians that we use are: the Bank of England, The Bank of Nova Scotia (ScotiaMocatta), Deutsche Bank AG, JPMorgan Chase Bank, N.A., UBS AG and Barclays Bank PLC.] We will notify the Trust if we select any additional Sub-Custodian, or stop using any Sub-Custodian for such purpose. The Trust’s receipt of notice that we have selected a Sub-Custodian (including those named in this clause 8.1) shall not be deemed to limit our responsibility in selecting such Sub-Custodian. Not more frequently than annually, upon the Trust’s request, we shall confirm to the Trust that from time to time we may hold Precious Metal for our own account with one or more of each of the Sub-Custodians, provided that this confirmation shall not constitute a representation by us regarding the solvency or creditworthiness of any Sub-Custodian.
Sub-custodian(s) means, together, RBC Investor Services and NBF, each in their capacities as sub-custodians of Horizons the ETFs pursuant to the applicable Sub-Custodian Agreement, and “Sub-Custodian” means either one of them;
Examples of Sub-custodian(s) in a sentence
Investors should note that the list of Sub-Custodians is updated only at each Prospectus review.
Investors should note that, except in the event of material changes requiring a prompt update of this Prospectus, the list of Sub-Custodians is updated only at each Prospectus review.
Updated Information The ACD will supply a Shareholder with up-to-date details of the above information, including an up-to-date list of Sub-Custodians, on written request to its operating address.
If it is specified in the Terms that there is a Sub-Custodian in relation to the Collateral, such Sub-Custodian (which expression shall include any additional or other Sub-Custodians from time to time appointed) shall hold the Collateral on behalf of the Custodian, on and subject to the terms of an agreement (the “Sub- Custody Agreement”) between the Sub-Custodian and the Custodian and/or such other persons as shall be specified in the Terms.
If it is specified in the Terms that there is a Sub-Custodian in relation to the Collateral, such Sub-Custodian (which expression shall include any additional or other Sub-Custodians from time to time appointed) shall hold the Collateral on behalf of the Custodian, on and subject to the terms of an agreement (the “Sub-Custody Agreement”) between the Sub-Custodian and the Custodian and/or such other persons as shall be specified in the Terms.
More Definitions of Sub-custodian(s)
Sub-custodian(s) means (i) Gemini Trust Company, LLC (“Gemini” or the “Gemini Sub-Custodian”); and (ii) Coinbase Custody Trust Company, LLC (“Coinbase Custody”) and Coinbase, Inc. (“Coinbase” and together with Coinbase Custody, the “Coinbase Entities” or the “Coinbase Sub-Custodian”).
Sub-custodian(s) means Gemini and/or Coinbase, as applicable, and individually, a “Sub-Custodian”.
Sub-custodian(s) means as defined in section 6 of this Prospectus(“Depositary”), under the sub-heading “Delegation of Safekeeping Function”; "Trading Day" means any day on which the London Stock Exchange is open for trading; "UCITS" means a collective investment scheme such as the Company which is authorised by the FCA and which complies with the conditions necessary for it to enjoy the rights conferred by the UCITS Directive; "UCITS Directive" means the European Parliament and Council Directive of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (No.2009/65/EC) (as amended); "VAT" means UK value added tax.
Sub-custodian(s) means as defined in section 6 of this Prospectus(“Depositary”), under the sub-heading “Delegation ofSafekeeping Function”;"Trading Day"means any day on which the London Stock Exchange is open for trading;"UCITS"means an Undertaking for Collective Investment in Transferable Securities. This will include a UCITS Scheme or an EEA UCITS scheme, as defined in the Financial Conduct Authority Handbook;"UCITS Directive"means the European Parliament and Council Directive of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (No.2009/65/EC) (as amended);"UCITS Scheme"means a UK UCITS, as defined in the FCA Handbook;"UK UCITS"means, in accordance with sections 236A and 237 of the Financial Services and Markets Act 2000, a collective investment scheme which may consist of several sub-funds, which is either an authorised unit trust scheme, an authorised contractual scheme, or an authorised open-ended investment company with the sole object of collective investment of capital raised from the public in transferable securities or other liquid financial assets, operating on the principle of risk-spreading, with units which are, at the request of holders, repurchased or redeemed, directly or indirectly, out of those undertakings’ assets, and which has identified itself as a UCITS in its prospectus and has been authorised accordingly by the FCA;"VAT"means UK value added tax.(2) CONSTITUTION OF THE COMPANYGeneralThe Company is an open-ended investment company with variable capital incorporated under the OEIC Regulations. The Company is a UCITS as defined in COLL and is also an umbrella company for the purposes of the OEIC Regulations. The Company is incorporated in England and Wales with the PRN 777327. The Company was authorised by an order made by FCA with effect from 13 June 2017.The head office of the Company is at Marlborough House, 59 Chorley New Road, Bolton BL1 4QP. This is also the address for the service on the Company of notices or other documents required or authorised to be served on it.The base currency for the Company is pounds sterling. The maximum size of the Company's capital is £100,000,000,000 and the minimum size is £1. Shares have no par value. The Share capital of the Company at all times equals the sum of the NAV of the Funds. The Shareholders of the Company will not be liable for the debts of the Company.The operation of the Company is govern...
Sub-custodian(s) means sub-custodians, agents or depositories appointed by the
Sub-custodian(s) means sub-custodians, agents or depositories appointed by the InitialCustodian or the Swiss Gold Custodian pursuant to the Initial Custodian Agreements or the Swiss Gold Custodian Agreements (respectively) to perform any of its duties under the applicable Custodian Agreements including the custody and safe-keeping of Bullion but excluding any Zurich Sub-Custodian in its role as such, currently being:
Sub-custodian(s) means the entities as listed in Appendix 2 (Sub-Custodians) to which the custody of assets in certain markets in which the Trust may invest has been delegated or sub-delegated;