Common use of Account not to be Overdrawn Clause in Contracts

Account not to be Overdrawn. Except as otherwise specifically provided herein, a Fund 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 Fund Unallocated Account to have a debit balance thereon.

Appears in 4 contracts

Samples: Unallocated Gold Account Agreement (World Gold Trust), Unallocated Gold Account Agreement, Unallocated Gold Account Agreement (World Gold Trust)

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Account not to be Overdrawn. Except as otherwise specifically provided herein, a Fund 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 Fund Unallocated Allocated Account to have a debit balance thereon.

Appears in 4 contracts

Samples: Allocated Gold Account Agreement (World Gold Trust), Allocated Gold Account Agreement, Allocated Gold Account Agreement (World Gold Trust)

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Account not to be Overdrawn. Except as otherwise specifically provided herein, a A Fund 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 Fund Unallocated Allocated Account to have a debit balance thereon.

Appears in 1 contract

Samples: Allocated Gold Account Agreement (World Gold Trust)

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