Common use of Debit balances Clause in Contracts

Debit balances. You are not entitled to overdraw an Allocated Account, and we shall not carry out any instruction from you where to do so would in our opinion cause any Allocated Account to have a negative balance.

Appears in 5 contracts

Sources: Allocated Gold Accounts Agreement (Franklin Templeton Holdings Trust), Allocated Precious Metals Accounts Agreement (Wilshire wShares Enhanced Gold Trust), Allocated Precious Metals Accounts Agreement (Wilshire wShares Enhanced Gold Trust)

Debit balances. You are not entitled to overdraw an the Allocated Account, and we shall not carry out any instruction from you where to do so would in our opinion cause any the Allocated Account to have a negative balance.

Appears in 5 contracts

Sources: Allocated Account Agreement (Abrdn Precious Metals Basket ETF Trust), Allocated Account Agreement (Abrdn Gold ETF Trust), Allocated Account Agreement (Abrdn Palladium ETF Trust)

Debit balances. You are not entitled to overdraw an Allocated Account, and we shall not carry out any instruction from you where to do so would in our opinion cause any an Allocated Account to have a negative balance.

Appears in 2 contracts

Sources: Allocated Precious Metal Account Agreement (World Gold Trust), Allocated Precious Metal Account Agreement (SPDR Gold Trust)