Common use of Delivery Obligations Clause in Contracts

Delivery Obligations. Unless otherwise instructed by the Trust on behalf of a Fund or the relevant person, the Custodian shall make any transportation and insurance arrangements in respect of delivery of Physical Gold in accordance with its usual practice. Where instructions are given, the Custodian shall use all reasonable efforts to comply with the same. The Custodian shall not be obliged to effect any requested delivery if, in its commercially reasonable opinion, this would cause the Custodian or its agents to be in breach of the Rules or other applicable law, court order or regulation, the costs incurred would be excessive or delivery is impracticable for any reason. All insurance and transportation costs shall be for the account of the applicable Fund.

Appears in 3 contracts

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

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Delivery Obligations. Unless otherwise instructed by the Trust Trustee on behalf of a Fund the Trust or the relevant person, the Custodian shall make any transportation and insurance arrangements in respect of delivery of Physical Gold in accordance with its usual practice. Where instructions are given, the Custodian shall use all reasonable efforts to comply with the same. The Custodian shall not be obliged to effect any requested delivery if, in its commercially reasonable opinion, this would cause the Custodian or its agents to be in breach of the Rules or other applicable law, court order or regulation, the costs incurred would be excessive or delivery is impracticable for any reason. All insurance and transportation costs shall be for the account of the applicable FundTrust.

Appears in 3 contracts

Samples: Depositary Trust Agreement (GraniteShares Gold Trust), Allocated Gold Account Agreement (GraniteShares Gold Trust), Allocated Gold Account Agreement (GraniteShares Gold Trust)

Delivery Obligations. Unless otherwise instructed by the Trust Trustee on behalf of a Fund the Trust or the relevant person, the Custodian shall make any transportation and insurance arrangements in respect of delivery of Physical Gold in accordance with its usual practice. Where instructions are given, the Custodian shall use all reasonable efforts to comply with the same. The Custodian shall not be obliged to effect any requested delivery if, in its commercially reasonable opinion, this would cause the Custodian or its agents to be in breach of the Rules or other applicable law, court order or regulation, ; the costs incurred would be excessive or delivery is impracticable for any reason. All insurance and transportation costs shall be for the account of the applicable FundTrust.

Appears in 3 contracts

Samples: Unallocated Gold Account Agreement (GraniteShares Gold Trust), Depositary Trust Agreement (GraniteShares Gold Trust), Unallocated Gold Account Agreement (GraniteShares Gold Trust)

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Delivery Obligations. Unless otherwise instructed by the Trust Trustee on behalf of a Fund the Trust or the relevant person, the Custodian shall make any transportation and insurance arrangements in respect of delivery of Physical Gold in accordance with its usual practice. Where instructions are given, the Custodian shall use all reasonable efforts to comply with the same. The Custodian shall not be obliged to effect any requested delivery if, in its commercially reasonable opinion, this would cause the Custodian or its agents to be in breach of the Rules or other applicable law, court order or regulation, ; the costs incurred would be excessive or delivery is impracticable for any reason. All insurance and transportation costs shall be for the account of the Custodial Sponsor or the Trust, as applicable Fundunder the Trust Agreement, and paid in accordance with the Trust Agreement.

Appears in 2 contracts

Samples: Trust Unallocated Metal Account Agreement (Perth Mint Physical Gold ETF), Trust Unallocated Metal Account Agreement (Perth Mint Physical Gold ETF)

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