Opening Unallocated Account. You hereby appoint us to act as custodian of the Bullion comprising the Account Balance in accordance with this Agreement and in accordance with any Rules and laws which apply to us, and we accept such appointment. We shall open and maintain the Unallocated Account in your name, as trustee of the Trust, and we agree to hold Bullion for you in the Unallocated Account on an Unallocated Basis on the terms of this Agreement. We will identify in our books and records that the rights to the Bullion comprising the Account Balance belong solely to you, as trustee of the Trust.
Appears in 5 contracts
Samples: Unallocated Account Agreement (Abrdn Precious Metals Basket ETF Trust), Unallocated Account Agreement (Abrdn Palladium ETF Trust), Unallocated Account Agreement (Abrdn Silver ETF Trust)
