Common use of Continuous Allocation of Bullion Clause in Contracts

Continuous Allocation of Bullion. Without prejudice to clause 5.1 above, unless otherwise notified by the Trustee in writing, the Trustee hereby instructs the Custodian that, whenever Bullion is to be transferred from an AP Account to the Metal Accounts, it will combine such Bullion with any Bullion then standing to the credit of the Unallocated Account (excluding Bullion which has been de-allocated in order to effect delivery of Bullion to a redeeming Authorized Participant or Shareholder or pursuant to other withdrawals occurring on such day) and to the fullest extent possible, transfer such Bullion to the Allocated Account such that the amounts of silver, platinum and palladium that remains standing to the credit of the Trustee in the Unallocated Account does not exceed 1,100 fine ounces of silver, 192 fine ounces of platinum and 192 fine ounces of palladium, respectively, at the close of each London/Zurich Business Day.

Continuous Allocation of Bullion. Without prejudice to clause 5.1 above, unless otherwise notified by the Trustee in writing, the Trustee hereby instructs the Custodian that, whenever Bullion is to be transferred from an AP Account to the Metal Accounts, it will combine such Bullion with any Bullion then standing to the credit of the Unallocated Account (excluding Bullion which has been de-allocated in order to effect delivery of Bullion to a redeeming Authorized Participant or Shareholder or pursuant to other withdrawals occurring on such day) and to the fullest extent possible, transfer such Bullion to the Allocated Account such that the amounts of gold, silver, platinum and palladium that remains standing to the credit of the Trustee in the Unallocated Account does not exceed 430 fine ounces of gold, 1,100 fine ounces of silver, 192 fine ounces of platinum and 192 fine ounces of palladium, respectively, at the close of each London/Zurich Business Day.

Continuous Allocation of Bullion. Without prejudice to clause Clauses 5.1 aboveor 5.2, unless otherwise notified by the Trustee in writing, the Trustee hereby instructs the Custodian that, whenever Bullion is to be transferred from an AP Account to the Metal Accounts, it will combine such Bullion with any Bullion then standing to the credit of the Unallocated Account (excluding Bullion which has been de-allocated in order to effect delivery of Bullion to a redeeming Authorized Participant or Shareholder or pursuant to other withdrawals occurring on such day) and to the fullest extent possible, transfer such Bullion to the Allocated Account such that the amounts amount of silver, platinum and palladium Bullion that remains standing to the your credit of the Trustee in the Unallocated Account does not exceed 430 fine txxx ounces of gold, 1,100 fine txxx ounces of silver, 192 fine txxx ounces of platinum and 192 fine txxx ounces of palladium, respectively, at the close of each London/Zurich London Business Day.