Gold Storage Agreement definition

Gold Storage Agreement means that certain gold storage agreement, entered into on October 9, 2015 by the Mint and the Initial Depositor, relating to the storage of Gold Bullion in an account at the Mint, as it may be amended or supplemented from time to time, or any successor agreement, as it may be amended.
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Examples of Gold Storage Agreement in a sentence

  • Subject to the terms of the Gold Storage Agreement, the Initial Depositor, in its sole and absolute discretion, will determine whether the physical Gold Bullion holdings in the Initial Depositor’s account are in coin, bar, wafer, or ingot form.

  • Following such termination, or if the terms of such Gold Storage Agreement are materially changed or altered, the Initial Depositor shall promptly notify the Trustee of any such termination, change or alteration.

  • The Gold Storage Agreement has been duly and validly authorized, executed and delivered by the Initial Depositor and the Mint, and constitutes the legal, valid and binding obligation of the Initial Depositor and the Mint, enforceable against the Initial Depositor and the Mint in accordance with its terms.

  • The Initial Depositor and the Trust shall not terminate the Gold Storage Agreement, the Depositary Trust Agreement or the carrier agreement between the Initial Depositor and the entity responsible for completing the physical delivery of Gold Bullion (the “Carrier Agreement”) without providing 30 days’ prior written notice to the Placement Agent.

  • The Initial Depositor covenants and agrees that: (i) In the event the Gold Storage Agreement is terminated, the Initial Depositor may enter into a new gold storage agreement with an entity authorized to store precious metals.

  • The Initial Depositor and the Trust shall not terminate the Gold Storage Agreement, the Depositary Trust Agreement or the carrier agreement, dated the date hereof, between the Initial Depositor and ____________ (the “Carrier Agreement”) without providing 30 days prior written notice to the Placement Agent.