Participant Unallocated Account. The liability of the Custodian with respect to any such loss or damage will be governed by the terms of the Participant Unallocated Bullion Account Agreement attached hereto as Attachment B. The Authorized Participant acknowledges that it is an unsecured creditor of the Custodian with respect to the Gold held in the Authorized Participant's Participant Unallocated Account and that such Gold is at risk in the event of the Custodian's insolvency.
Appears in 4 contracts
Sources: Participant Agreement, Participant Agreement (streetTRACKS GOLD TRUST), Trust Indenture (Equity Gold Trust)
Participant Unallocated Account. The liability of the Participant’s Custodian with respect to any such loss or damage will be governed by the terms of the Participant Clearing Bank Unallocated Bullion Account Agreement attached hereto as Attachment B. Agreement. The Authorized Participant acknowledges that it is an unsecured creditor of the Participant’s Custodian with respect to the Gold held in the Authorized Participant's ’s Participant Unallocated Account and that such Gold is at risk in the event of the Participant’s Custodian's ’s insolvency.
Appears in 2 contracts
Sources: Participant Agreement (SPDR Gold Trust), Participant Agreement (SPDR Gold Trust)
Participant Unallocated Account. The liability of the Custodian with respect to any such loss or damage will be governed by the terms of the Participant Unallocated Bullion Account Agreement attached hereto as Attachment B. The Authorized Participant acknowledges that it is an unsecured creditor of the Custodian with respect to the Gold held in the Authorized Participant's ’s Participant Unallocated Account and that such Gold is at risk in the event of the Custodian's ’s insolvency.
Appears in 2 contracts
Sources: Authorized Participant Agreement (World Currency Gold Trust), Authorized Participant Agreement (World Currency Gold Trust)
Participant Unallocated Account. The liability of the applicable Custodian with respect to any such loss or damage will be governed by the terms of the Participant Unallocated Bullion Account Agreement attached hereto as Attachment B. The Authorized Participant acknowledges that it is an unsecured creditor of the applicable Custodian with respect to the Gold held in the Authorized Participant's ’s Participant Unallocated Account and that such Gold is at risk in the event of the applicable Custodian's ’s insolvency.
Appears in 1 contract
Sources: Authorized Participant Agreement (World Gold Trust)