Unallocated Account definition

Unallocated Account means the account maintained by us in your name on an Unallocated Basis pursuant to this agreement.

Unallocated Account means the loco London unallocated Bullion account, number [ ], or loco Zurich the unallocated Bullion, account number [ ], each established in the name of the Trustee with the Custodian pursuant to the Unallocated Account Agreement;

Unallocated Account means, in relation to Precious Metal, the account maintained by us in your name recording the amount of Precious Metal held on an Unallocated Basis pursuant to the Unallocated Bullion Account Agreement that, in the case of a positive balance, we have a contractual obligation to transfer to you and that, in the case of a negative balance, if so permitted by us, you have a contractual obligation to transfer to us.

Examples of Unallocated Account in a sentence

• Reports of a transfer of Bullion which we debit from your Allocated Account for credit to your Unallocated Account on a Business Day and a transfer of Bullion which we debit from your Unallocated Account for credit to a Third Party Unallocated Account on that Business Day and of the balances in your Allocated Account and Unallocated Account for that Business Day shall be prepared overnight as at the close of our business on that Business Day.

• The Authorized Participant acknowledges that it is an unsecured creditor of the Participant’s Custodian with respect to the Gold held in the Authorized Participant’s Participant Unallocated Account and that such Gold is at risk in the event of the Participant’s Custodian’s insolvency.

• The Authorized Participant shall be responsible for all costs and expenses relating to or connected with any transfer of Gold between its Participant Unallocated Account and the Trust Unallocated Account.

• If any obligation of either you or us falls due to be performed on a day which is not a Business Day in respect of the Unallocated Account in question, then the relevant obligations shall be performed on the next succeeding Business Day applicable to such account.

• We reserve the right to refuse to execute instructions if (i) in our commercially reasonable opinion they are or may be contrary to the Rules or applicable law or (ii), with respect to instructions relating to the full withdrawal of the aggregate balance of Bullion standing to your credit in your Allocated Account and your Unallocated Account, a negative balance is outstanding on your Unallocated Account.

More Definitions of Unallocated Account

Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

Unallocated Account means the sub-account maintained by us in your name recording the amount of Silver which either we or you, as the case may be, have a right to call upon the other party to deliver to it.

Unallocated Account means the unallocated Bullion account number [ ] established in the name of the Trustee with the Custodian pursuant to the Unallocated Account Agreement;

Unallocated Account means the unallocated Bullion account numbers 47403 UA for gold, 14535 UA for silver, 30581 UA for platinum and 20556 UA for palladium opened in the name of the Trustee with the Custodian pursuant to the Unallocated Accounts Agreement;

Unallocated Account means the following loco London unallocated Bullion accounts or loco Zurich unallocated Bullion accounts, each established in the name of the Trustee with the Custodian pursuant to the Unallocated Account Agreement: Location Metal Account Number London Silver [●] London Platinum [●] London Palladium [●] Zurich Platinum [●] Zurich Palladium [●]

Unallocated Account means the Loco London unallocated Bullion account, account number 121020800, established in the name of the Trustee and maintained by the Custodian on an Unallocated Basis pursuant to this Agreement.

Unallocated Account means the Loco London unallocated Bullion account, account number 121020808, established in the name of the Trustee and maintained by the Custodian on an Unallocated Basis pursuant to this Agreement.