Creation and Declaration of Trust. FORM OF CERTIFICATES; DEPOSIT OF GOLD; DELIVERY, REGISTRATION OF TRANSFER AND SURRENDER OF SHARES
Creation and Declaration of Trust. Termination Date. The trust created hereby shall be known as [Name of Trust], for which the Trustee, or the Initial Depositor to the extent provided herein, may conduct the business of the Trust, make and execute contracts, and xxx and be sued. The termination date of the Trust will be December 31, 2005, unless terminated earlier pursuant to the Standard Terms.
Creation and Declaration of Trust. Sale of Term Assets;
Creation and Declaration of Trust. FORM OF CERTIFICATES; DEPOSIT OF EURO; DELIVERY, REGISTRATION OF TRANSFER AND SURRENDER OF SHARES
Creation and Declaration of Trust. (a) The Trust continued hereby shall be known as the “Vaulted Gold Bullion Trust,” in which name the Trustee may conduct the business of the Trust, make and execute contracts, and xxx and be sued. It is the intention of the parties hereto that the Trust created hereby constitutes a statutory trust under the Act, and that this document constitutes the governing instrument of the Trust. The execution and filing of the certificate of trust by the Trustee and the Delaware Trustee with the Delaware Secretary of State are hereby ratified. The Trustee acknowledges that on the date hereof, on behalf of the Trust, it has received from the Underwriter confirmation that the Mint has received a deposit of a specified amount, designated in xxxx ounces, of Gold Bullion from the Initial Depositor, and that the Mint has credited on its records such deposit to the Trust Allocated Account for the benefit of the Trust. The Gold Bullion shall be held at the Mint by the Bank of Montreal in the Trust Allocated Account for the benefit of the holders of the Gold Deposit Receipts for the purposes of, and subject to, and limited by, the terms and conditions set forth in, this Agreement. The Trust will offer initially the following three classes of Gold Deposit Receipts, all of which have the same rights and rank pari passu with one another, and shall each represent an undivided interest in one xxxx ounce of Gold Bullion: Class A Gold Deposit Receipts, Class F Gold Deposit Receipts, and Class F-1 Gold Deposit Receipts, the terms of which shall be identical, but which shall be subject to differing selling concessions or fees at the time of initial issuance and sale.
Creation and Declaration of Trust. Business of the Trust.
Creation and Declaration of Trust. Assignment of Securities
Creation and Declaration of Trust. Sale of --------- ------------------------------------------ Underlying Securities; Acceptance by Trustee; Security Interest; Calculation ---------------------------------------------------------------------------- Agent. (a) The Trust, of which the Trustee is the trustee, is hereby created ----- under the laws of the State of New York for the benefit of the holders of the Certificates. The Trust shall be irrevocable.
Creation and Declaration of Trust. (a) The trust created pursuant to this Agreement is a common law trust under the laws of the State of New York. In exchange for all of the Certificates, the Depositor hereby Conveys to the Trustee, without recourse, for the benefit of all present and future Holders of the Certificates, all of the Depositor’s right, title and interest in and to (a) the Agency Securities listed in Schedule A to this Agreement, which the Depositor causes to be delivered to the Trustee as described in paragraph (b) below, and all Agency Security Distributions with respect thereto payable to Persons who are holders of record thereof on and after , [ ], (b) the Collection Account, including all income from the investment of funds therein, (c) the Expense Reserve Account, including all income from investment of funds therein, and (d) all proceeds of the conversion, voluntary or involuntary, of any of the foregoing into cash or other liquid property (including without limitation, all cash proceeds, accounts, accounts receivable, notes, drafts, acceptances, chattel paper, checks, deposit accounts, insurance proceeds, condemnation awards, causes of action, rights to payment of any and every kind and other forms of obligations, receivables, instruments and other property which at any time constitute all or part of or are included in the proceeds of any of the foregoing (the “Conveyed Assets”).
Creation and Declaration of Trust. FORM OF CERTIFICATES; DEPOSIT OF GOLD; DELIVERY, REGISTRATION OF TRANSFER AND SURRENDER OF SHARES 7 Section 2.1 Creation and Declaration of Trust; Business of the Trust. 7 Section 2.2 Form of Certificates; Book-Entry System; Transferability of Shares. 8 Section 2.3 Deposit of Gold. 10 Section 2.4 Delivery of Shares; Liability for Taxes and Other Charges Connected with the Issuance of Shares. 11 Section 2.5 Registration of Shares and Transfers Thereof; Combination and Split-up of Certificates. 11
