Trust Allocated Account means the loco London account maintained for the Trust by the Initial Custodian pursuant to the Trust Allocated Account Agreement, or another account maintained for the Trust by a successor Custodian on an allocated basis, as the case may be.
Trust Allocated Account means the account maintained for the Trust by the Initial Custodian pursuant to the Trust Allocated Account Agreement, or another account maintained for the Trust by a successor Custodian on an allocated basis, as the case may be.
Trust Allocated Account means the segregated account maintained by the Initial Depositor at the Mint for the sole benefit of the holders of Gold Deposit Receipts pursuant to the Gold Storage Agreement and the terms and conditions of this Agreement.
Examples of Trust Allocated Account in a sentence
The Custodian shall open and maintain the Trust Allocated Account in the name of the Trustee (in its capacity as trustee for the Shareholders).
The Custodian agrees that it will forthwith notify the Trustee in writing of any encumbrance of which it is aware is or is purported to have been created over or in respect of the Trust Allocated Account or any of the amounts standing to the credit thereof.
Neither the Trustee nor the Trust shall be responsible, or liable, for any misconduct, bad faith or negligence of the Initial Depositor or the Mint in respect of either’s handling of the Trust Allocated Account or any amount deposited, or not deposited therein.
The Trustee is hereby directed to enter into the Trust Allocated Account Agreement and the Trust Unallocated Account Agreement with the Initial Custodian, and the Trustee shall have no liability for the terms thereof.
The Trust Allocated Account may not at any time have a debit balance thereon, and no instruction shall be valid to the extent that the effect thereof would be for the Trust Allocated Account to have a debit balance thereon.
More Definitions of Trust Allocated Account
Trust Allocated Account means the loco London account or the loco Zurich account maintained for the Trust by the Initial Custodian pursuant to the Trust Allocated Account Agreement, or another account maintained for the Trust by a successor Custodian on an allocated basis, as the case may be.
Trust Allocated Account means the loco London Platinum account, number ______________, established in the name of the Trustee and maintained for the benefit of the Trust by the Custodian on an allocated basis pursuant to this Agreement.
Trust Allocated Account means the loco London Gold account, number ______________, established in the name of the Trustee and maintained for the benefit of the Trust by the Custodian on an allocated basis pursuant to this Agreement.
Trust Allocated Account shall have the meaning ascribed to it in Section 1.1 of the relevant Trust Agreement.
Trust Allocated Account means the segregated account maintained by the Initial Depositor at the Mint for the sole benefit of the holders of Gold Deposit Receipts pursuant to the Gold Storage Agreement and the terms and conditions of this Agreement. “Trustee” means The Bank of New York Mellon, a corporation organized under the laws of the State of New York authorized to conduct a banking business, acting not in its individual capacity but solely in its capacity as Trustee under this Agreement, or any successor as Trustee thereunder. “Underwriter” shall mean BMO Capital Markets Corp., acting as underwriter on a principal basis for the offering of Gold Bullion Receipts pursuant to the terms of the Distribution Agreement. “US Dollar” or “US$” means the lawful currency of the United States. “Vaulted Gold Bullion Trust” shall have the meaning set forth in Section 2.1(a). “Website” shall have the meaning set forth in Section 5.2(iii). “Withdrawal and Delivery Fee” shall have the meaning set forth in Exhibit B hereto. “Withdrawal and Sale” shall have the meaning set forth in Section 2.8(b).
Trust Allocated Account shall have the meaning ascribed to it in Section 1.1 of the Trust Agreement. “Trust Unallocated Account” shall have the meaning ascribed to it in Section 1.1 of the Trust Agreement. “Unallocated Basis” shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. “VAT” shall mean (a) any tax imposed pursuant to or in compliance with the Sixth Directive of the Council of the European Economic Communities (77/388/EEC) including, without limitation, in relation to the United Kingdom, value added tax imposed by the Value Added Tax Xxx 0000 and legislation and regulations supplemental thereto; and (b) any other tax of a similar nature, whether imposed in a member state of the European Union or elsewhere, in substitution for, or levied in addition to, such tax referred to in “(a)”.
Trust Allocated Account means the loco London account maintained for the Trust by the initial Custodian pursuant to the Trust Allocated Account Agreement, or another account maintained for the Trust by a successor Custodian on an allocated basis, as the case may be. “Trust Allocated Account Agreement” means the Allocated Account Agreement dated [__________] between the Custodian and the Trustee pursuant to which the Allocated Account is established and operated. “Trust Indemnified Party” has the meaning ascribed to such term in Section 7.1. “Trust Unallocated Account” means the loco London account maintained for the Trust by the Initial Custodian pursuant to the Trust Unallocated Account Agreement, or another account maintained for the Trust by a successor Custodian on an Unallocated Basis, as the case may be. “Trust Unallocated Account Agreement” means the Unallocated Account Agreement dated [__________] between the Custodian and the Trustee pursuant to which the Unallocated Account is established and operated. “Trustee” means The Bank of New York Mellon, a New York banking corporation, in its capacity as trustee under the Trust Agreement, or any successor trustee thereunder. “Unallocated Basis” means, with respect to the holding of gold, that the holder is entitled to receive delivery of physical gold in the amount standing to the credit of the holder’s account, but the holder has no ownership interest in any particular gold that the custodian maintaining that account owns or holds. “Unallocated Gold” means gold held on an Unallocated Basis. “USA Patriot Act” means the Uniting and Strengthening of America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act. 1.2