Common use of De-allocation Clause in Contracts

De-allocation. Following receipt by the Custodian of notice for the withdrawal of Physical Platinum from the Trust Allocated Account pursuant to clause 4.1, the Custodian shall de-allocate sufficient Physical Platinum from the Trust Allocated Account to credit the Trust Unallocated Account in the amount required, provided that, in the case of a transfer made in connection with clause 4.1(a) of the Unallocated Platinum Account Agreement, the Custodian will use its commercially reasonable endeavors to complete the de-allocation of Physical Platinum from the Trust Allocated Account to the Trust Unallocated Account by no later than 5:00 p.m. (London Time) on the London Business Day on which notice is given in the form prescribed in clause 4.2(a) of the Unallocated Platinum Account Agreement for a withdrawal under clause 4.1(a) of the Unallocated Platinum Account Agreement. 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and/or credit to the Trust Unallocated Account may involve minimal adjustments to the weight of Physical Platinum to be withdrawn to adjust such weight to the whole plates or ingots available.

De-allocation. Following receipt by the Custodian of notice for the withdrawal of Physical Platinum Gold from the Trust Allocated Account pursuant to clause 4.1, the Custodian shall de-allocate sufficient Physical Platinum Gold from the Trust Allocated Account to credit the Trust Unallocated Account in the amount required, provided that, in the case of a transfer made in connection with clause 4.1(a) of the Unallocated Platinum Gold Account Agreement, the Custodian will use its commercially reasonable endeavors to complete the de-allocation of Physical Platinum Gold from the Trust Allocated Account to the Trust Unallocated Account by no later than 5:00 p.m. (London Time) on the London Business Day on which notice is given in the form prescribed in clause 4.2(a) of the Unallocated Platinum Gold Account Agreement for a withdrawal under clause 4.1(a) of the Unallocated Platinum Gold Account Agreement. The Trustee acknowledges that the process of de-allocation of Physical Platinum Gold for withdrawal and/or credit to the Trust Unallocated Account may involve minimal adjustments to the weight of Physical Platinum Gold to be withdrawn to adjust such weight to the whole plates or ingots bars available.