Unallocated Account definition

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

Examples of Unallocated Account in a sentence

• The Trustee acknowledges that the process of allocation of Bullion to the Allocated Account from the Unallocated Account may involve minimal adjustments to the weights of Bullion to be allocated to adjust such weight to the number of whole bars available.

• The Custodian will, whenever practicable, notify the Trustee and the Sponsor within a commercially reasonable time before the Custodian amends its procedures or imposes additional ones in relation to the transfer of Bullion into and from the Unallocated Account, and in doing so the Custodian will consider the Trustee’s needs to communicate any such change to Authorized Participants and others.

• The Custodian may amend the procedure for the withdrawal of Bullion from the Unallocated Account only where such amendment is caused by a change in the Rules or procedures of the Relevant Association.

• The Trustee acknowledges that the process of de-allocation of Bullion for withdrawal and/or credit to the Unallocated Account may involve minimal adjustments to the weight of Bullion to be withdrawn to adjust such weight to the whole bars available.

• The Trustee agrees that in the normal course (which, for the avoidance of doubt, shall not include withdrawal in connection with the termination of this Agreement) withdrawal of Bullion from the Allocated Account shall be by way of de-allocation and subsequent credit of Bullion to the Unallocated Account.

More Definitions of Unallocated Account

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, in relation to a Precious Metal, the account(s) maintained by us in your name recording the amount of that Precious Metal which we have a contractual obligation to transfer to you (or, in the case of a negative balance, if so permitted by us, which you have a contractual obligation to transfer to us).

Unallocated Account means the Loco London unallocated Bullion account, account number 121020804, established in the name of the Trustee and maintained by the Custodian on an Unallocated Basis pursuant to this 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 unallocated Bullion account number [ ] established in the name of the Trustee with the Custodian pursuant to the Unallocated Account Agreement;

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