Common use of SUB-CUSTODIANS Clause in Contracts

SUB-CUSTODIANS. We may appoint Sub-Custodians to perform any of our duties under this Agreement including the custody and safekeeping of Bullion. We will use reasonable care in the appointment of any Sub-Custodian. Gold held by a Sub-Custodian shall be kept in our account at such Sub-Custodian, and we will separately identify on our books Gold that is so held on your behalf. Our account with each such Sub-Custodian will be subject only to our instructions. Any Sub-Custodian will be a member of the LBMA.

Appears in 6 contracts

Samples: Custodian Agreement (Ishares Gold Trust), Custodian Agreement (iShares Gold Trust Micro), Custodian Agreement (iShares Gold Trust Micro)

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SUB-CUSTODIANS. We may appoint Sub-Custodians to perform any of our duties under this Agreement including the custody and safekeeping of Bullion. We will use reasonable care in the appointment of any Sub-Custodian. Gold Silver held by a Sub-Custodian shall be kept in our account at such Sub-Custodian, and we will separately identify on our books Gold Silver that is so held on your behalf. Our account with each such Sub-Custodian will be subject only to our instructions. Any Sub-Custodian will be a member of the LBMA.

Appears in 5 contracts

Samples: Custodian Agreement (iShares Silver Trust), Custodian Agreement (iShares Silver Trust), Custodian Agreement (iShares Silver Trust)

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