Valuation Agent. The Manager shall appoint a valuation agent for the Trust (the “Valuation Agent”). The Valuation Agent shall act in accordance with the terms and conditions of the Valuation Services Agreement including, but not limited to, that the Valuation Agent, in carrying out its duties and obligations as Valuation Agent, shall exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.
Appears in 10 contracts
Samples: Trust Agreement (Sprott Physical Gold Trust), Trust Agreement (Sprott Physical Silver Trust), Arrangement Agreement (Central Fund of Canada LTD)
Valuation Agent. The Manager Trust shall appoint a valuation agent for the Trust (the “Valuation Agent”). The Valuation Agent shall act in accordance with the terms and conditions of the Valuation Services Agreement including, but not limited to, that the Valuation Agent, in carrying out its duties and obligations as Valuation Agent, shall exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in comparable circumstances.
Appears in 5 contracts
Samples: Trust Agreement (APMEX Physical - 1 Oz. Gold Redeemable Trust), Trust Agreement (APMEX Physical - 1 Oz. Gold Redeemable Trust), Trust Agreement (APMEX Physical - 1 Oz. Gold Redeemable Trust)
Valuation Agent. The Manager shall appoint a valuation agent for the Trust (the “Valuation Agent”). The Valuation Agent shall act in accordance with the terms and conditions of a written agreement that will be entered into by the Valuation Services Agreement includingAgent and the Manager, but not limited toon behalf of the Trust, provided that any such agreement shall require the Valuation Agent, in carrying out its duties and obligations as Valuation Agent, shall to exercise the degree of care, diligence and skill that a reasonably prudent person would exercise in comparable the circumstances.
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