Common use of Your representatives Clause in Contracts

Your representatives. Whenever in this Agreement it is provided that we are authorised to act or refrain from acting on instructions, approval or consent of, or notice from, you, we are so authorised to act or refrain from acting only on instructions, approval, consent or notice given in accordance with this clause 5. We are authorised to rely and act upon written instructions given by you through the Society for Worldwide Interbank Financial Telecommunications secure messaging system (“SWIFT”). It is your responsibility to maintain commercially reasonable controls and security procedures with respect to your use of SWIFT and the persons who are authorised to access SWIFT for purposes of instructions and other communications given by you to us pursuant to this Agreement. You agree to provide a list of such authorised persons to the Sponsor from time to time upon the Sponsor’s written request.

Appears in 2 contracts

Sources: Custodian Agreement (iShares Gold Trust Micro), Custodian Agreement (iShares Gold Trust Micro)