Common use of Collect orders Clause in Contracts

Collect orders. You have the right to have your Precious Metal delivered to you but you acknowledge that Depository Online is not a service for those who wish to buy Precious Metal for immediate delivery. Depository Online is a “buy and store” service only and we will charge a minimum of three months’ storage fees. If you wish to take immediate physical possession then please use xxx.xxxxxxxxxxxxxxxx.xxx.xx. You may at any time request us to make available all or part of your Precious Metal for collection by, or Delivery to, you (“Collect Order”). Collect orders will only be valid shall if there is sufficient Precious Metal in your Account to cover the Collect Order. We are not liable or responsible for Delivery delays due to causes beyond our reasonable control, including, but not limited to, causes described in Clause 18. If you wish to withdraw Precious Metal in physical form you must notify us through the Depository Online website. In order to be able to carry out physical withdrawals, it is required that you provide two reliable forms of identification and you may also be required to take other measures that we consider necessary to ensure your Precious Metal is not Delivered to an unauthorised party. Unallocated Precious Metal and Pool Allocated Precious Metal shall always be collectible in the form of London good delivery bars produced by a company on the good delivery list of acceptable refiners of the London Bullion Market Association. Unallocated Precious Metal and Pool Allocated Precious Metal may also be collectible in the form of Precious Metal products manufactured by us, subject to availability and at our sole discretion.

Appears in 3 contracts

Samples: Depository Online Agreement, Depository Online Agreement, Depository Online Agreement

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Collect orders. You have the right to have your Precious Metal delivered to you but you acknowledge that Depository Online is not a service for those who wish to buy Precious Metal for immediate delivery. Depository Online is a “buy and store” service only and we will charge a minimum of three months’ storage fees. If you wish to take immediate physical possession then please use xxx.xxxxxxxxxxxxxxxx.xxx.xx. You may at any time request us to make available all or part of your Precious Metal for collection by, or Delivery to, you (“Collect Order”). Collect orders will only be valid shall if there is sufficient Precious Metal in your Account to cover the Collect Order. We are not liable or responsible for Delivery delays due to causes beyond our reasonable control, including, but not limited to, causes described in Clause 18. If you wish to withdraw Precious Metal in physical form you must notify us through the Depository Online website. In order to be able to carry out physical withdrawals, it is required that you provide two reliable forms of identification and you may also be required to take other measures that we consider necessary to ensure your Precious Metal is not Delivered to an unauthorised party. Unallocated Precious Metal and Pool Allocated Precious Metal shall always be collectible in the form of London good delivery bars produced by a company on the good delivery list of acceptable refiners of the London Bullion Market Association. Unallocated Precious Metal and Pool Allocated Precious Metal may also be collectible in the form of Precious Metal products manufactured by us, subject to availability and at our sole discretion.. Subject to availability and at our sole discretion, we will endeavour to execute your Collect Order and have physical Precious Metal available from us for collection by, or shipment to, you on the Business Day requested by you but shall not be required to execute Collect Orders any earlier than:

Appears in 1 contract

Samples: Depository Online Agreement

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