De-allocation. Following receipt by the Custodian of an instruction for the withdrawal of Physical Gold from the Trust Allocated Metal Account pursuant to clause 4.1, the Custodian shall de-allocate sufficient Physical Gold from the Trust Allocated Metal Account to credit the Trust Unallocated Metal Account and, thereafter, to an AP Account, either directly or via the GC Metal Account, or such other applicable account, in the amount required. The Trustee acknowledges that the process of de-allocation of Physical Gold for withdrawal and/or credit to another account may involve minimal adjustments to the weight of Physical Gold to be withdrawn to adjust such weight to the Physical Gold available in the Trust Allocated Metal Account.
Appears in 2 contracts
Sources: Trust Allocated Metal Account Agreement (Perth Mint Physical Gold ETF), Trust Allocated Metal Account Agreement (Perth Mint Physical Gold ETF)