Examples of Gold in a sentence
Because the issuance and redemption of Creation Units also involve the transfer of Gold between the Participant and the Fund, certain processes relating to the underlying Gold transfers also are described.
Under these Procedures, Creation Units may be issued only with respect to Gold transferred to and held in the Fund’s allocated and unallocated Gold accounts maintained in London, England by JPMorgan Chase Bank, N.A, as custodian (the “Custodian”).
For purposes of the Participant Agreement (i) all references to “Custodian” used therein in connection with the Fund shall also mean JPMorgan Chase Bank, N.A., in its capacity as a custodian of the Fund’s Gold, where the context permits or requires, and (ii) all references to “Procedures” used therein in connection with the Fund shall also mean these Procedures, where the context permits or requires.
All Gold to be transferred between the Trust, on behalf of a Fund, and the Authorized Participant in connection with any Order shall meet the applicable standards and specifications for gold bullion set forth in the good delivery rules (the “Good Delivery Rules”) promulgated by the London Bullion Market Association (the “LBMA”) from time to time, which include standards for fineness.
Signed as a deed on behalf of JPMORGAN CHASE BANK, N.A. by: Signature /s/ Xxxx Xxxxx Name Xxxx Xxxxx Title Executive Director In the presence of: Name Xxxxx Xxxx Signature /s/ Xxxxx Xxxx Address 000 Xxxxxxx Xxxxxx, XX, XX 00000 Occupation Managing Director Signed as a deed on behalf of WORLD GOLD TRUST, on behalf of its series, the SPDR® Gold MiniShares® Trust by: WGC USA Asset Management Company, LLC, the sponsor of the World Gold Trust and the SPDR® Gold MiniShares® Trust by: Signature /s/ Xxxxxx X.