Common use of Authorization of Registration Statement Clause in Contracts

Authorization of Registration Statement. Each Beneficial Owner (or any permitted assignee thereof) hereby agrees that the Trust, the Sponsor and the Trustee are authorized to execute, deliver and perform the agreements, acts, transactions and matters contemplated hereby or described in, or contemplated by, the Registration Statement on behalf of the Trust without any further act, approval or vote of the Beneficial Owners, notwithstanding any other provision of this Trust Agreement, the Delaware Trust Statute or any applicable law, rule or regulation.

Authorization of Registration Statement. Each Beneficial Limited Owner (or any permitted assignee thereof) hereby agrees that the Trust, the Sponsor Managing Owner and the Trustee are authorized to execute, deliver and perform the agreements, acts, transactions and matters contemplated hereby or described in, in or contemplated by, by the Registration Statement on behalf of the Trust without any further act, approval or vote of the Beneficial OwnersLimited Owners of the Trust, notwithstanding any other provision of this Trust Agreement, the Delaware Trust Statute or any applicable law, rule or regulation.