Examples of Administrative Sponsor in a sentence
Upon reasonable prior written notice, in connection with the preparation of the initial registration statement under the United States Securities Act of 1933, as amended, covering any Shares, the Custodian will allow its certificates of currency of its insurance or coverage summaries of the insurance to be reviewed by the Trustee and the Administrative Sponsor.
The Custodian will also allow the Trustee and the Administrative Sponsor to review its certificates of currency of its insurance or coverage summaries of the insurance in connection with any amendment to that initial registration statement or any further registration statement covering any Shares from time to time, in each case upon reasonable prior written notice from the Trustee or the Administrative Sponsor.
In addition, the disclosure of such information may be required by a party’s auditors, by its legal or other advisors, by a company which is in the same group of companies as a party (i.e., a subsidiary or holding company of a party), or (in the case of the Trustee) by the Administrative Sponsor, or any beneficiary of the Trust.
Each of the Custodian, the Trustee and the Administrative Sponsor may record telephone conversations without use of a warning tone.
The Custodian may amend the procedure in relation to the deposit of Physical Gold if (i) such amendment is caused by a change in the Rules or procedures of the LBMA, or (ii) the Trustee and the Administrative Sponsor consent (such consent not to be unreasonably withheld).
The Trustee shall not amend or terminate any Custody Agreement in the absence of written direction of the Administrative Sponsor in consultation with Custodial Sponsor.
The Administrative Sponsor shall, if required by the federal securities laws, in any manner permitted by such laws, deliver at the time of issuance of Shares an electronic copy of the prospectus, as most recently furnished to the Trustee by the Administrative Sponsor, to each Authorized Participant.
Moreover, the interaction term of the US business cycle with the return chasing motive is significantly negative.
Neither the Trustee nor the Administrative Sponsor shall have any liability for the selection of the Custodian or any Subcustodian engaged by the Custodian.
Except with respect to the Trust, which shall be considered a beneficiary of this entire Agreement, and to the Administrative Sponsor, which shall be considered a beneficiary (as applicable) of clauses 2.7, 3.3, 4.3, 6.2, 7.8, 11.2, 12.2, 12.3 and 13.4 the Custodian does not owe any duty or obligation or have any liability towards any person who is not a party to this Agreement.