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YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a bank or other financial institution, which, but for an exclusion from registration as a broker-dealer under the Exchange Act, would be required to register as a broker-dealer to engage in securiti... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the admission by the Custodian, Trustee or Sponsor of its inability to pay its debts when and as they become due; (ii) the execution by the Custodian, Trustee or Sponsor of a general assignment for ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
odian, Trustee or Sponsor; or (v) any action to liquidate, dissolve, transfer, or wind up the business of the Custodian, Trustee or Sponsor, in furtherance of the foregoing.
“Basket” – At least 25,0... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Trust.
“Book Entry System” – The commercial book-entry system operated by the Federal Reserve Bank.
“Business Day” or “business day” – Any day other than a day: (1) when the Exchange or other ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
relevant action requires the execution or completion of procedures which cannot be executed or completed by the close of the business day.
Table of Contents
“Cboe BZX Exchange” – Cboe BZX Exchange... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
New York Commodities Exchange (an affiliate of the Chicago Mercantile Exchange, Inc.).
“Commodity Exchange Act” – The Commodity Exchange Act of 1936, as amended.
“Custodian” – JPMorgan Chase Bank,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
DTC and any other successor depository of the Shares selected by the Sponsor, as provided therein.
“DTC” – The Depository Trust Company, its nominees and their respective successors.
“DTC Particip... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
equal to the greater of $500,000 per annum and the amount that is equal to 0.15% total value of the gold held by the Trust, as determined by the Trustee on each business day, plus the value of all o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
es credited to the applicable unallocated account from time to time (such account being denominated in Fine Ounces).
“FINRA” – The Financial Industry Regulatory Authority, Inc.
“GAAP” – Accounting ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the reporting requirements of the Exchange Act.
“IRA” – Individual Retirement Account.
“LBMA” – The London Bullion Market Association or its successors.
“LBMA Gold Price AM” means the price of an... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
loco London” means in respect of an account holding gold, the custody, trading and clearing of such gold in London, United Kingdom.
“London Bar” – A gold bar meeting the London Good Delivery Standar... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
NYSE Arca Equities, Inc.
“Order Cutoff Time” – With respect to any Business Day, (i) 3:59:59 p.m. (New York City time) on such Business Day or (ii) another time agreed to by the Sponsor and the Tru... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
such plans or arrangements are invested, that are subject to ERISA and/or section 4975 of the Code.
“Purchase Order” – The order that an Authorized Participant must place with the Trustee pursuant ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Nations Security Council; (ii) the European Union; (iii) Her Majesty’s Treasury and the Office of Financial Sanctions Implementation of the United Kingdom; and (iv) The Office of Foreign Assets Cont... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
fraction, the numerator of which is one and the denominator of which is the total number of Shares outstanding. The name of the Shares is “Goldman Sachs Physical Gold ETF Shares.”
“Sponsor” – Goldm... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Agreement” – The agreement pursuant to which the Sponsor agrees to rebate a portion of the Sponsor Fee to investors who acquire newly-issued Shares from an Authorized Participant.
“Sub-Custodian” –... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, an Authorized Participant, and Shares, Baskets or Certificates, involved in a surrender.
“Trust” – Goldman Sachs Physical Gold ETF, a New York trust formed pursuant to the Trust Agreement.
“Trust... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
thereof or that is otherwise being held by or for the Trust under the Trust Agreement.
“Trustee” – The Bank of New York Mellon (“BNYM”), a banking corporation organized under the laws of the State ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
supplemented from time to time, pursuant to which the Unallocated Account is established and operated.
Table of Contents
“Unallocated Basis” – With respect to the Unallocated Account maintained wi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
laws of the United States or of any state thereof or the District of Columbia; (3) an estate other than an estate the income of which, from non-U.S. sources that is not effectively connected with th... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Act of 1940, as amended.
Table of Contents
CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS
This Annual Report on Form 10-K (this “Annual Report”) contains various “forward-looking statements... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
other than statements of historical fact) included in this Annual Report that address activities, events or developments that may occur in the future, including such matters as changes in commodity p... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
discussed in this Annual Report, general economic, market and business conditions, changes in laws or regulations, including those concerning taxes, made by governmental authorities or regulatory bo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events except as required by applicable securities laws.
Additional... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Securities
41
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
41
Item 7A. Quantitative and Qualitative Disclosures about Market Risk
45
Item 8. Fi... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
holder Matters
48
Item 13. Certain Relationships and Related Transactions and Director Independence
48
Item 14. Principal Accounting Fees and Services
49
Part IV
49
Item 15. Exhibits and Fina... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
securities market. Each Share represents a fractional undivided beneficial interest in the Trust’s net assets. The Trust’s assets consist principally of gold held by the Custodian for safekeeping on... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
firm.
The Shares are neither interests in nor obligations of, and are not guaranteed by, the Sponsor, its directors, officers, or member(s), or any of their affiliates.
The Trust is governed by th... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
blocks of at least 25,000 Shares called “Baskets” in exchange for gold from Authorized Participants, which is then allocated to the Trust and stored by the Custodian. The Trust may redeem Baskets in... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
AU.” Effective February 3, 2022, the listing of the Trust was transferred from NYSE Arca to Cboe BZX Exchange.
Investors do not have the right to take delivery of the physical gold bullion in exchan... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Trust may also be found on the SEC’s EDGAR database at www.sec.gov.
The Trust
The activities of the Trust are limited to: (1) issuing Baskets in exchange for the gold deposited by Authorized P... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to pay the Sponsor Fee and reimburse the Sponsor for expenses that the Sponsor has paid on the Trust’s behalf; (ii) to pay the expenses of the Trust not assumed by the Sponsor; and (iii) if the Trus... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of the Commodity Exchange Act and neither of the Sponsor nor the Trustee is subject to regulation by the CFTC as a commodity pool operator or a commodity trading advisor under the Commodity Exchange... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Fine Ounces of gold per Basket, which was the equivalent of 50,000 Shares (i.e., the initial size of a Basket when the Trust was launched). The number of Fine Ounces of gold required to create a Bas... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Sponsor of 0.18% of the Net Asset Value of the Trust. In exchange for the Sponsor Fee, the Sponsor has agreed to assume and be responsible for the payment of the following expenses, up to the Fee Ca... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
two examinations of the Custodian’s records relating to the Unallocated Account and the first two audits of the Physical Gold held in the Allocated Account during any fiscal year (with the expense o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
as set forth in the Trust Agreement. Extraordinary expenses shall include any fixing fees charged in connection with sales of gold required by applicable law or regulation or required upon terminati... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
a profit on its fees.
From time to time, the Sponsor may waive all or a portion of the Sponsor Fee at its discretion. The Sponsor is under no obligation to continue a waiver after the end of a stat... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
certain institutional investors subject to minimum shareholding and lock up requirements as determined by the Sponsor to foster stability in the Trust’s asset levels. Any such rebate will be subject... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
negotiated by the Sponsor.
Extraordinary expenses of the Trust that are not assumed by the Sponsor (as discussed above) may be paid by the Sponsor at its sole discretion. Otherwise, the Trustee wil... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
time depending on the level of the Trust’s expenses and the market price of gold. When selling gold, the Trustee shall endeavor to place orders with dealers (which may include the Custodian) as dire... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Trustee values the gold held by the Trust and determines the Net Asset Value of the Trust, as described below.
The Net Asset Value of the Trust is the aggregate value of gold and other assets, if a... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
pursuant to the terms of the Trust Agreement. The Trustee will hold in such account all cash that it has credited to such account to reflect the reserves for taxes or other governmental charges and ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Trust. The Trustee values the gold held by the Trust based on the LBMA Gold Price PM, or the LBMA Gold Price AM, if such day’s LBMA Gold Price PM is not available. If no LBMA Gold Price PM or LB... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
’s gold.
The Trustee’s estimation of accrued but unpaid fees, expenses and liabilities is conclusive upon all persons interested in the Trust, and no revision or correction in any computation made u... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, investors or any other person for errors in judgment. However, the preceding liability exclusion will not protect the Trustee against any liability resulting from bad faith or gross negligence in t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
will be the Trust’s sole source of funds to cover its liabilities. The Trust does not engage in any activity designed to derive a profit from changes in the price of gold. Gold not needed to redeem ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
notify investors at least 30 days before the date for termination of the Trust Agreement and the Trust if any of the following occurs:
the Trustee is notified that the Shares are delisted from the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
such shorter period that equals the period the Custodian is required to continue as custodian after such resignation or removal under a Custody Agreement) of such resignation or removal;
Table of C... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
is advisable;
the Trustee receives notice from the Sponsor of its decision to terminate the Trust;
60 days have elapsed since DTC or another depository has ceased to act as depository with respect... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
such failure or incapacity is not cured within 30 days following receipt of notice from the Trustee of such failure or incapacity, or if the Sponsor is adjudged bankrupt or insolvent, or a receiver ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
or more of the following: (i) it may appoint a successor Sponsor to assume, with such compensation from the Trust as the Trustee may deem reasonable under the circumstances, the duties and obligatio... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
to the preceding sentence.
On and after the date of termination of the Trust, the Trustee shall not accept any deposits of gold. If any Shares remain outstanding after the date of termination, the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
by Authorized Participants (after deducting or upon payment of, in each case, the fee of the Trustee for the surrender of Shares, any expenses for the account of the investors in accordance with the... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the pro rata benefit of the investors that have not theretofore surrendered their Shares. The Trustee shall have no liability for loss or depreciation resulting from any sale made pursuant to the Sp... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
all obligations under the Trust Agreement except for their certain obligations to the Trustee that survive termination of the Trust Agreement.
Amendments
The Trustee and the Sponsor may amend any ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Trustee. Every investor, at the time any amendment so becomes effective, shall be deemed, by continuing to hold any Shares or an interest therein, to consent and agree to such amendment and to be bo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
each Authorized Participant by its delivery of an Authorized Participant Agreement and each investor by the acceptance of a share consents to the non-exclusive jurisdiction of the courts of the Stat... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
The Sponsor may select an alternate fiscal year.
Not a Regulated Commodity Pool
The Trust does not trade in gold futures contracts on COMEX or on any other futures exchange. Because the Trust does... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Methods of Investing in Gold
The Trust competes with other financial vehicles, including traditional debt and equity securities issued by companies in the gold industry and other securities backed ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
spot prices also are generally available with bid/ask spreads from gold bullion dealers. In addition, the Trust’s website provides pricing information for gold spot prices and the Shares. Market pri... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ers of the Shares do not have the statutory rights normally associated with the ownership of shares of a corporation, including, for example, the right to bring “oppression” or “derivative” actions. ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
If the Trust is terminated and liquidated, the Trustee will distribute to the investors any amounts remaining after the satisfaction of all outstanding liabilities of the Trust and the establishment ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
75% of the Shares have the right to require the Trustee to terminate the Trust Agreement. Otherwise, no investor shall have any right to vote or in
Table of Contents
any manner otherwise to contro... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
only hold Shares through (i) DTC Participants, (ii) those who maintain, either directly or indirectly, a custodial relationship with a DTC Participant (“Indirect Participants”), or (iii) those banks... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
with respect to Baskets and/or the Shares by giving notice to the Trustee and the Sponsor. Under such circumstances, the Sponsor will find a replacement for DTC to perform its functions at a compara... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
held in book-entry form through DTC.
Share Splits
If the Sponsor believes that the per share price in the secondary market for shares has fallen outside a desirable trading price range, the Sponso... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
, Inc. is a publicly-held financial holding company and a leading global investment banking, securities and investment management firm. As of December 31, 2022, Goldman Sachs Asset Management, L.P., ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
able to it pursuant to the Custody Agreement (if any); marketing expenses; exchange listing fees; SEC registration fees;
Table of Contents
printing and mailing costs; maintenance expenses for the T... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
gold. Such fees and expenses shall be paid by the Sponsor). However, the Sponsor will not be responsible for litigation expenses, taxes and other governmental charges (except and solely to the exten... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
it have capital, surplus and undivided profits of at least $150 million), (2) if, having received written notice from the Sponsor or registered owners acting on behalf of at least 25% of the outstan... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
is not the surviving entity or, in its discretion, on the fifth anniversary of the creation of the Trust or on any subsequent third anniversary thereafter.
In addition, the Sponsor: (1) will develo... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
with respect to the worth of the Trust Property), except that the Sponsor agrees to perform its obligations under the Trust Agreement without gross negligence, willful misconduct or bad faith. The S... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Trust Agreement.
The Sponsor and its members, managers, directors, officers, employees, agents and affiliates shall be indemnified from the Trust and held harmless against any loss, liability o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
such indemnified party in connection with the performance of its obligations under the Trust Agreement or any such other agreement or any actions taken in
Table of Contents
accordance with the pro... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
payment from the Trust of the reasonable costs and expenses incurred by such indemnified party in investigating or defending itself against any such loss, liability or expense or any claim therefor,... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
entitled to indemnification from the Trust.
Successor Sponsor
The Trustee has no obligation to appoint a successor Sponsor or to assume the duties of the Sponsor and will have no liability to any ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the creation and redemption of Baskets and the names of the parties that have executed an Authorized Participant Agreement may be obtained from the Trustee. A copy of the Trust Agreement is availabl... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
website; (3) receiving and processing orders from Authorized Participants for the creation and redemption of Baskets; (4) coordinating the processing of orders from Authorized Participants with the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
cash and other financial assets, if any; (9) when appropriate, making distributions of cash or other property (other than gold) to investors; and (10) receiving and reviewing reports on the custody ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
and certain related records maintained by the Custodian.
The Trustee does not monitor the performance of the Custodian other than to review the reports provided by the Custodian pursuant to the Cus... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.
The Trustee will keep proper books of registration and transfer of Shares at its office located in New York or such office as it may subsequently designate. These books and records are open to ins... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
any of its states and authorized under such laws to exercise corporate trust powers, (2) a participant in DTC or such other securities depository as shall then be acting with respect to the Shares a... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
however, that the fiduciary duties and responsibilities and liabilities of the Trustee are limited by, and are only those specifically set forth in, the Trust Agreement. For limitations of the fiduc... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
Agreement without gross negligence, willful misconduct or bad faith. The Trustee shall not have any obligation or liability for, or otherwise related to, any services the Custodian may, directly or ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
ee has complied with the verification procedures specified in the Authorized Participant Agreement). In no event will the Trustee be liable for acting or omitting to act in reliance upon the advice o... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
God or war or terrorism or other circumstances beyond its control.
The Trustee will not be liable by reason of any non-performance or delay in the performance of any action which may be performed u... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
the Sponsor to provide services on behalf of the Trust. The Trustee may also employ custodians for Trust assets other than gold, agents, attorneys, accountants, auditor and other professionals (incl... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
possession of, or in transit to or from, the Custodian or any Sub-Custodian, (ii) the amount, validity or adequacy of insurance maintained by the Custodian or any Sub-Custodian, (iii) any defect in ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
proceeds of the sale thereof, or on it as Trustee or on or in respect of the Trust or the Shares that it may be required to pay under any present or future law of the United States or of any other t... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
officers, employees, shareholders agents and affiliates (as defined under the Securities Act) shall be indemnified from the Trust and held harmless against any loss, liability or expense (including ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
party in connection with the performance of its obligations under the Trust Agreement or any such other agreement, or any actions taken in accordance with the provisions of the Trust Agreement or an... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
party in investigating or defending itself against any such loss, liability or expense or any claim therefor, provided that such indemnified party shall repay to the Trust the amount of any such rea... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
liability, unless it is furnished with reasonable security and indemnity against the expense or liability. The Trustee’s costs and expenses resulting from actions taken to protect the Trust and the ... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
expenses, the Trustee is authorized to charge such fees and expenses to the Trust, in an amount not exceeding the amount that could be charged to the Trust in respect of the Sponsor Fee (and the Tru... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
.
The Trustee is entitled to charge, and to be reimbursed by, the Trust for all expenses and disbursements incurred by it in the performance of its duties under the Trust Agreement, including the re... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
shall constitute a lien on, and the amount thereof shall be deductible against, the assets of the Trust.
Any pecuniary cost, expense or disbursement of the Trustee resulting from actions taken to p... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
maintaining such monies in an account
13
Table of Contents
or accounts for the exclusive benefit of the Trust. The Trustee may also employ custodians for Trust assets other than gold, agents, att... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
(Book Entry System), DTC, or through any other clearing agency or similar system (Clearing Agency), if available. The Trustee will have no responsibility or liability for the actions or omissions of... |
YOU are a financial analyst. You are reading a report of a company.
The report is about the company's financial status.
of such notice to the Sponsor, and such resignation shall take effect upon the appointment of a successor Trustee and its acceptance of such appointment as provided in the Trust Agreement.
The Spon... |
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