COMEX definition
Examples of COMEX in a sentence
Redemption Orders received by the Trustee on or after the Order Cutoff Time on any Business Day, or on a Business Day on which COMEX does not announce a COMEX Relevant Price, will have as their Order Date the next Business Day on which COMEX announces a COMEX Relevant Price.
Redemption Orders received by the Trustee prior to the Order Cutoff Time on a Business Day on which a COMEX Relevant Price is announced will have that Business Day as the Order Date.
Purchase Orders received by the Trustee prior to the Order Cutoff Time on a Business Day on which a COMEX Relevant Price is announced will have that Business Day as the Order Date.
Neither the Trustee nor the Sponsor shall be liable to any Person for the determination that the most recently announced COMEX Relevant Price is not appropriate as a basis for evaluation of the Gold held or receivable by the Trust or for any determination as to the alternative basis for evaluation, provided that such determination is made in good faith.
If the Sponsor determines that COMEX Relevant Price will have the meaning set forth in part (ii) of the definition of that term, the Trustee shall give notice to the Registered Owners, and the Trustee shall not apply the new definition of COMEX Relevant Price until 60 days after the date of that notice.