Common use of Right to Amend Procedure Clause in Contracts

Right to Amend Procedure. The Custodian may amend the procedure in relation to the deposit of Gold only where such amendment is caused by a change in the Rules or procedures of the Relevant Association. The Custodian will, whenever practicable, notify the Trustee and the Sponsor within a commercially reasonable time before the Custodian amends its procedures or imposes additional ones in relation to the transfer of Gold into and from the Trust Unallocated Account, and in doing so the Custodian will consider the Trustee’s needs to communicate any such change to Authorized Participants and others.

Appears in 4 contracts

Samples: Depositary Trust Agreement (Merk Gold Trust), Depositary Trust Agreement (Merk Gold Trust), Depositary Trust Agreement (Merk Gold Trust)

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Right to Amend Procedure. The Custodian may amend the procedure in relation to the deposit of Physical Gold only where such amendment is caused by a change in the Rules or procedures of the Relevant Association. The Custodian will, whenever practicable, notify the Trustee and the Sponsor within a commercially reasonable time before the Custodian amends its procedures or imposes additional ones in relation to the transfer of Physical Gold into and from the Trust Unallocated Allocated Account, and in doing so the Custodian will consider the Trustee’s needs to communicate any such change to Authorized Participants and others.

Appears in 4 contracts

Samples: Depositary Trust Agreement (Merk Gold Trust), Depositary Trust Agreement (Merk Gold Trust), Depositary Trust Agreement (Merk Gold Trust)

Right to Amend Procedure. The Custodian may amend the procedure in relation to the deposit of Gold to a Fund Allocated Account only where such amendment is caused by a change in the Rules or procedures of Rules, provided that the Relevant Association. The Custodian willshall, whenever practicable, notify the Trustee Trust and the Sponsor within a commercially reasonable time before prior to the date on which the Custodian amends its procedures or imposes additional ones in relation to the transfer of Gold into and from the Trust Unallocated a Fund Allocated Account, and in doing so the Custodian will consider the TrusteeTrust’s and the Sponsor’s needs to communicate any such change to Authorized Participants and others.

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)

Right to Amend Procedure. The Custodian may amend the procedure in relation to the deposit of Gold to the Trust Unallocated Account only where such amendment is caused by a change in the Rules or procedures of the Relevant AssociationRules. The Custodian will, whenever practicable, notify the Trustee and the Sponsor within a commercially reasonable time before the Custodian amends its procedures or imposes additional ones in relation to the transfer of Gold into and from the Trust Unallocated Account, and in doing so the Custodian will consider the Trustee’s and the Sponsor’s needs to communicate any such change to Authorized Participants and others.

Appears in 3 contracts

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

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Right to Amend Procedure. The Custodian may amend the procedure in relation to the deposit of Gold to the Trust Allocated Account only where such amendment is caused by a change in the Rules or procedures of the Relevant AssociationRules. The Custodian will, whenever practicable, notify the Trustee and the Sponsor within a commercially reasonable time before the Custodian amends its procedures or imposes additional ones in relation to the transfer of Gold into and from the Trust Unallocated Allocated Account, and in doing so the Custodian will consider the Trustee’s and the Sponsor’s needs to communicate any such change to Authorized Participants and others.

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)

Right to Amend Procedure. The Custodian may amend the procedure in relation to the deposit of Gold to a Fund Unallocated Account only where such amendment is caused by a change in the Rules or procedures of Rules, provided that the Relevant Association. The Custodian willshall, whenever practicable, notify the Trustee Trust and the Sponsor within a commercially reasonable time before prior to the date on which the Custodian amends its procedures or imposes additional ones in relation to the transfer of Gold into and from the Trust a Fund Unallocated Account, and in doing so the Custodian will consider the TrusteeTrust’s needs to communicate any such change to Authorized Participants and others.

Appears in 2 contracts

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

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