Allocated Bullion Account Agreement definition

Allocated Bullion Account Agreement means that certain Allocated Bullion Account Agreement between you and us dated on or about the date of this Agreement.

Allocated Bullion Account Agreement means that certain Second Amended and Restated Allocated Bullion Account Agreement between you and us dated as of the date of this Agreement, as amended and/or restated from time to time.

Allocated Bullion Account Agreement means the agreement between the Trust and the Custodian which establishes the Fund Allocated Account;

Examples of Allocated Bullion Account Agreement in a sentence

• Pursuant to a Novation Agreement dated June 4, 2014, between HSBC Bank USA, National Association (“HSBC USA”), us and you, effective as of December 22, 2014, we succeeded to all of the rights and obligations of HSBC USA under that certain First Amended and Restated Allocated Bullion Account Agreement (the “First A/R Agreement”) dated June 1, 2011, as amended, between HSBC USA and you.

• This document and the Allocated Bullion Account Agreement represent our entire agreement, and supersede any previous agreements between you and us, relating to the subject matter of this Agreement.

• We will not create any right, charge, security interest, lien or claim against the Bullion, except those in our favour arising under this Agreement or under the Allocated Bullion Account Agreement, and we will not loan, hypothecate, pledge or otherwise encumber any Bullion except pursuant to your instructions.

• Pursuant to a Second Amended and Restated Allocated Bullion Account Agreement (the “Second A/R Agreement”) dated July 17, 2015, between us and you, we and you agreed to amend and restate the First A/R Agreement in order to make certain amendments.

• Concurrently with this Agreement, we and you are entering into the Allocated Bullion Account Agreement.

• The foregoing Gold transfers are also governed by the Trust’s Allocated Bullion Account Agreement and Unallocated Bullion Account Agreement with HSBC, as a Custodian, and the Trust’s Allocated Precious Metal Account Agreement and Unallocated Precious Metal Account Agreement with JPM, as a Custodian (collectively, the “Custody Agreements”).

• Pursuant to a Third Amended and Restated Allocated Bullion Account Agreement (the “Third A/R Agreement”) dated August 18, 2020, between us and you, we and you agreed to amend and restate the Second A/R Agreement in order to make certain amendments.

• Notwithstanding the foregoing sentence, we will not create any right, charge, security interest, lien or claim against the Bullion with respect to the payment or non-payment by the Sponsor of our fees pursuant to clause 10.1 of the Allocated Bullion Account Agreement.

• The foregoing Gold transfers are also governed by the Trust’s Allocated Bullion Account Agreement and Unallocated Bullion Account Agreement with HSBC, as a Custodian, and the Trust’s Allocated Precious Metal Account Agreement and Unallocated Precious Metal Account Agreement with JPM, as a Custodian (collectively, the “Custody Agreements”) and the Participant Unallocated Bullion Account Agreement.

• In the case of all physical withdrawals of Bullion from your Unallocated Account, unless we agree to undertake delivery, you must collect, or arrange for the collection of, the Bullion being withdrawn from us, the Sub-Custodian (as defined in the Allocated Bullion Account Agreement) or other party having physical possession thereof.