Common use of Right to Amend Procedure Clause in Contracts

Right to Amend Procedure. We may amend our procedures in relation to the transfer of Bullion into a Fund’s Unallocated Account or impose additional procedures in relation to the transfer of Bullion into the Fund’s Unallocated Account upon the prior written consent of each Fund and the Sponsor, provided that we may make any such amendment or imposition without such consent where such amendment or imposition is required by a change in the Rules or applicable law. We will notify each Fund within a commercially reasonable time before we amend our procedures or impose additional ones in relation to the transfer of Bullion into a Fund’s Unallocated Account, and in doing so we will consider a Fund’s needs to communicate any such change to Participants and others.

Right to Amend Procedure. We may amend our procedures in relation to procedure for the transfer of Bullion into a Fund’s Unallocated Allocated Account or impose additional procedures in relation to the transfer of Bullion into the Fund’s Unallocated Account therefor upon the prior written consent of each Fund and the Sponsor, provided that we may make any such amendment or imposition without such consent where such amendment or imposition is required by a change in the Rules or applicable law. We will notify each Fund within a commercially reasonable time before we amend our procedures or impose additional ones in relation to the transfer withdrawal of Bullion into a Fund’s Unallocated AccountBullion, and in doing so we will consider a Fund’s needs to communicate any such change to Participants and others.

Right to Amend Procedure. We may amend our procedures in relation to procedure for the transfer of Bullion into a Fund’s Unallocated Allocated Account or impose additional procedures in relation to the transfer of Bullion into the Fund’s Unallocated Account therefore upon the prior written consent of each Fund and the Sponsor, provided that we may make any such amendment or imposition without such consent where such amendment or imposition is required by a change in the Rules or applicable law. We will notify each Fund within a commercially reasonable time before we amend our procedures or impose additional ones in relation to the transfer withdrawal of Bullion into a Fund’s Unallocated AccountBullion, and in doing so we will consider a Fund’s needs to communicate any such change to Participants and others.