Common use of Delivery Arrangements Clause in Contracts

Delivery Arrangements. If the Trustee does not make arrangements reasonably acceptable to the Custodian for the delivery of the Physical Gold after termination, the Custodian may continue to store the Physical Gold, in which case the Custodian will continue to charge an amount equal to the Custodial Sponsor Fee payable under the Trust Agreement. If the Trustee has not made arrangements reasonably acceptable to the Custodian for the delivery of the Physical Gold within six months of the date specified in the termination notice as the date on which the termination will take effect, the Custodian will be entitled to (but is not obligated to) sell the Physical Gold and account to the Trustee for the proceeds.

Delivery Arrangements. If the Trustee does not make arrangements reasonably acceptable to the Custodian for the delivery transfer of the Physical Unallocated Gold after termination, the Custodian may continue to store the Physical hold such Unallocated Gold, in which case the Custodian will continue to charge an amount equal to the Custodial Sponsor Fee payable under the Trust Agreement. If the Trustee has not made arrangements reasonably acceptable to the Custodian for the delivery transfer of the Physical Unallocated Gold within six months of the date specified in the termination notice as the date on which the termination will take effect, the Custodian will be entitled to (but is not obligated to) sell the Physical Unallocated Gold and account to the Trustee for the proceeds.