Physical Platinum definition

Physical Platinum means platinum bullion that meets the Good Delivery Standards.
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Examples of Physical Platinum in a sentence

  • Unless otherwise instructed by the Trustee on behalf of the Trust or the relevant person, the Custodian shall make any transportation and insurance arrangements in respect of delivery of Physical Platinum in accordance with its usual practice.

  • The Custodian shall receive deposits of Physical Platinum into the Trust Allocated Account relating to the same kind of Physical Platinum and having the same denomination as that to which the Trust Allocated Account relates only pursuant to transfers from the Trust Unallocated Account as provided in clause 4.1(b) of the Unallocated Platinum Account Agreement or as otherwise agreed upon between Custodian and the Trustee.

  • The Trustee acknowledges that the process of de-allocation of Physical Platinum for withdrawal and/or credit to the Trust Unallocated Account may involve minimal adjustments to the weight of Physical Platinum to be withdrawn to adjust such weight to the whole plates or ingots available.

  • Unless otherwise agreed between the parties, Physical Platinum must be held by the Custodian at its London vault premises or, when Physical Platinum has been allocated on a temporary basis in a vault other than the Custodian’s London vault by any Sub-Custodian employed by the Custodian pursuant to clause 8.

  • The Custodian agrees that it shall use, or where applicable procure any Sub-Custodian to use, commercially reasonable efforts promptly to transport any Physical Platinum held for the Trustee to its London vault premises at the Custodian’s cost and risk.

  • The Trustee hereby appoints the Custodian to act as custodian of the Physical Platinum held in the Trust Allocated Account in accordance with this Agreement and any Rules which apply to the Custodian, and the Custodian hereby accepts such appointment.

  • Entries on the Custodian’s books and records to identify Physical Platinum will refer to each plate or ingot of Physical Platinum by refiner, assay, serial number and gross weight.

  • The Trust Allocated Account will hold deposits of Physical Platinum and will be denominated in g▇▇▇▇ ▇▇▇▇ ounces (to three decimal places).

  • The Custodian also will provide the Trustee with additional weight lists in respect of the Physical Platinum held in the Trust Allocated Account from time to time upon the Trustee’s reasonable request.

  • The Custodian will be responsible for the safekeeping of the Physical Platinum on the terms and conditions of this Agreement.

Related to Physical Platinum

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.

  • Physical therapy means services provided by a qualified physical therapist.

  • Physical presence means a place of business that is maintained by a Foreign Bank and is located at a fixed address, other than solely a post office box or an electronic address, in a country in which the Foreign Bank is authorized to conduct banking activities, at which location the Foreign Bank (i) employs one or more individuals on a full-time basis, (ii) maintains operating records related to its banking activities, and (iii) is subject to inspection by the banking authority that licensed the Foreign Bank to conduct banking activities.

  • Physical therapist means an individual who is licensed by a state to practice physical therapy.

  • Physical therapy aide means a person who has