Common use of Account not to be Overdrawn Clause in Contracts

Account not to be Overdrawn. The Unallocated 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 Unallocated Account to have a debit balance thereon.

Appears in 13 contracts

Samples: Agreement, Unallocated Account Agreement (Aberdeen Standard Silver ETF Trust), Unallocated Account Agreement (ETFS Gold Trust)

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Account not to be Overdrawn. The Unallocated 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 Unallocated Allocated Account to have a debit balance thereon.

Appears in 12 contracts

Samples: Allocated Account Agreement (Aberdeen Standard Silver ETF Trust), Allocated Account Agreement (ETFS Gold Trust), Allocated Account Agreement (ETFS Asian Gold Trust)

Account not to be Overdrawn. The Unallocated Account may not at any time have a debit balance thereon, and it is hereby agreed that no instruction shall be valid to the extent that the effect thereof would be for the Unallocated Account to have a debit balance thereon.

Appears in 5 contracts

Samples: Agreement (Etfs Palladium Trust), Unallocated Account Agreement (ETFS Gold Trust), Unallocated Account Agreement (ETFS Platinum Trust)

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Account not to be Overdrawn. The Unallocated Allocated Account may not at any time have a debit balance thereon, and it is hereby agreed that no instruction shall be valid to the extent that the effect thereof would be for the Unallocated Allocated Account to have a debit balance thereon.

Appears in 5 contracts

Samples: Agreement (Etfs Silver Trust), Allocated Account Agreement (ETFS Platinum Trust), Allocated Account Agreement (Etfs Palladium Trust)

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