Common use of Warranties on Deposit of Gold Clause in Contracts

Warranties on Deposit of Gold. Every Authorized Participant depositing gold under this Agreement shall be deemed thereby to represent and warrant that (a) the deposited gold represents the right to receive gold that meets the London Good Delivery Standards, (b) the Authorized Participant making such deposit is duly authorized to do so and (c) at the time of Delivery, the gold is free and clear of any lien, pledge, encumbrance, right, charge or claim (other than the rights created by this Agreement). All representations and warranties deemed made under this Section 3.2 shall survive the deposit of gold, Delivery or Surrender of Shares and termination of this Agreement.

Warranties on Deposit of Gold. Every Authorized Participant Person depositing gold Gold under this Agreement shall be deemed thereby to represent and warrant that (ai) the deposited gold represents the right to receive gold that Gold meets the London Good Delivery Standardsrequirements to be Gold and contains the required number of Fine Ounces to be deposited, (bii) that the Authorized Participant Person making such deposit is duly authorized to do so and (ciii) that, at the time of Deliverydelivery, the gold Gold is free and clear of any lien, pledge, encumbrance, right, charge or claim (other than the rights created by this Agreement). All representations and warranties deemed made under this Section 3.2 shall survive the deposit of goldGold, Delivery or Surrender of Shares and or termination of this Agreement.

Warranties on Deposit of Gold. Every Authorized Participant depositing gold under this Agreement shall be deemed thereby to represent and warrant that (a) the deposited gold represents the right to receive gold that meets the London Good Delivery StandardsStandards without any additional cost, (b) the Authorized Participant making such deposit is duly authorized to do so and (c) at the time of Delivery, the gold is free and clear of any lien, pledge, encumbrance, right, charge or any other claim whatsoever (other than the rights created by this Agreement). All representations and warranties deemed made under this Section 3.2 shall survive the deposit of gold, Delivery or Surrender of Shares and termination of this Agreement.

Warranties on Deposit of Gold. Every Authorized Participant depositing gold Gold under this Agreement shall be deemed thereby to represent and warrant that (a) the deposited gold represents the right to receive gold that Gold meets the London Good Delivery Standardsdefinition of “Gold” in Section 1.1, (b) the Authorized Participant making such deposit is duly authorized to do so and (c) at the time of Deliverydelivery, the gold Gold is free and clear of any lien, pledge, encumbrance, right, charge or claim (other than the rights created by this Agreement). All representations and warranties deemed made under this Section 3.2 shall survive the deposit of goldGold, Delivery or Surrender of Shares and termination of this Agreement.