Gold Deposit Receipt definition

Gold Deposit Receipt means a depositary trust receipt (which may be a Class A Gold Deposit Receipt, a Class F Gold Deposit Receipt or a Class F-1 Gold Deposit Receipt), which is issued pursuant to this Agreement and which represents the Owner’s interest in, and right to receive, Gold Bullion, deposited into the Trust Allocated Account.
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Examples of Gold Deposit Receipt in a sentence

  • As consideration for each Gold Deposit Receipt acquired, the relevant Authorized Participant must deposit with the Trustee the amount determined by the Calculation Agent on the Order Date of the corresponding Purchase Order.

  • The Trustee shall maintain books on which the registered ownership of each Gold Deposit Receipt and transfers, if any, of such registered ownership shall be recorded.

  • Gold Bullion purchased in connection with the Gold Deposit Receipt or delivered upon a Redemption Order will have minimum fineness of 995 parts per 1000.

  • If physical Certificates have been issued, the Trustee, subject to the terms and conditions of this Agreement, shall register transfers of Gold Deposit Receipts on its transfer books from time to time, upon any Surrender of a Gold Deposit Receipt by the Owner in person or by a duly authorized attorney, properly endorsed or accompanied by proper instruments of transfer, and duly stamped as may be required by the laws of the State of New York, the State of Delaware and of the United States of America.

  • The Initial Depositor shall also create and maintain a page on Bloomberg which will provide intra-day indications on the current price per Gold Deposit Receipt.

  • Every Owner and Authorized Participant or Other Broker-Dealer, at the time any amendment so becomes effective, shall be deemed, by continuing to hold any Gold Deposit Receipt or an interest therein, to consent and agree to such amendment and to be bound by this Agreement as amended thereby.

  • The Underwriter shall instruct the Trustee as to the amount of any such tax or other governmental charge and not to effect transfer of such Gold Deposit Receipts until such payment is made, or the Underwriter may sell such Gold Deposit Receipts and may apply the proceeds of any such sale in payment of such tax or other governmental charge and the Authorized Participant or Other Broker-Dealer of such Gold Deposit Receipt shall remain liable for any deficiency.

  • In no event shall any amendment impair the right of the Owner of any Gold Deposit Receipt or the Authorized Participant or Other Broker-Dealer that owns such Gold Deposit Receipt to Surrender such Gold Deposit Receipt and receive the amount of cash or Gold Bullion represented thereby, except in order to comply with mandatory provisions of applicable law.

  • The Authorized Participant or Other Broker-Dealer shall deliver the Gold Deposit Receipt to the Trustee, as well as the Withdrawal and Delivery Fee, taxes and governmental charges or other fees payable as aforementioned, to an account established by the Trustee for the benefit of the Initial Depositor (the “Physical Delivery Account”).

  • Unless required by law, none of the Initial Depositor, the Trust, the Calculation Agent, any Authorized Participant or Other Broker-Dealer, the Owner(s) or any beneficial owner of any Gold Deposit Receipt shall take any position on their tax returns or other tax filings inconsistent with the treatment of the Trust as a domestic grantor trust for United States federal income tax purposes.