Authorized Participant Sample Clauses
The 'Authorized Participant' clause defines the specific entities or individuals who are permitted to interact directly with a fund or issuer, typically for the purpose of creating or redeeming shares. In practice, this clause outlines the qualifications, responsibilities, and procedures that an entity must meet to be recognized as an authorized participant, such as being a registered broker-dealer or meeting certain financial requirements. Its core function is to ensure that only vetted and capable parties can perform key transactions, thereby maintaining the integrity and orderly operation of the fund or financial product.
Authorized Participant a broker or dealer that is a DTC participant and that has executed an Authorized Participant Agreement with the Distributor for the creation and redemption of Creation Units.
Authorized Participant. Name: Name: ---------------------------- ---------------------------- Title: Title: --------------------------- ---------------------------- Signature: Signature: ----------------------- ------------------------ Name: Name: ---------------------------- ---------------------------- Title: Title: --------------------------- ---------------------------- Signature: Signature: ----------------------- ------------------------ The undersigned, [name], [title] of [company], does hereby certify that the persons listed above have been duly elected to the offices set forth beneath their names, that they presently hold such offices, that they have been duly authorized to act as Authorized Persons pursuant to the streetTRACKS(R) Gold Trust Participant Agreement by and between [Authorized Participant] and the Trustee and the Sponsor of the streetTRACKS(R) Gold Trust, dated [date], and that their signatures set forth above are their own true and genuine signatures. In Witness Whereof, the undersigned has hereby set his/her hand and the seal of [company] on the date set forth below. Subscribed and sworn to before me By: this day of , 20 ---------------------- --- ------------ --- Name: ---------------------- Title: ---------------------- Date: ------------------------------------- ---------------------- Notary Public EXHIBIT B streetTRACKS(R) GOLD TRUST FORM OF PURCHASE ORDER Authorized Participant: ------------------- Date: ------------------- Submission Number: ------------------- PIN Number: ------------------- Number of Fine Gold Ounces to be Delivered: ---------------------------- Number of Shares to be Issued: ----------------------------------------- [Additional Information Required for Purchase Order] All Purchase Orders are subject to the terms and conditions of the Trust Indenture of the streetTRACKS(R) Gold Trust as currently in effect and the streetTRACKS(R) Gold Trust Participant Agreement between the Authorized Participant, and the Trustee and the Sponsor named therein. All representations and warranties of the Authorized Participant set forth in such streetTRACKS(R) Gold Trust Participant Agreement are incorporated herein by reference. The undersigned does hereby certify as of the date set forth below that he/she is an Authorized Person under the streetTRACKS(R) Gold Trust Participant Agreement and that he/she is authorized to deliver this Purchase Order Form to the Trustee on behalf of the Authorized Participant. Date: By: ----------------- ---------------...
Authorized Participant. The term “
Authorized Participant. A “Business Day” shall mean each day the Trust is open for business.
Authorized Participant. Name: Name: Title: Title: Signature: Signature: Name: Name: Title: Title: Signature: Signature: The undersigned, [name], [title] of [company], does hereby certify that the persons listed above have been duly elected to the offices set forth beneath their names, that they presently hold such offices, that they have been duly authorized to act as Authorized Persons pursuant to the CurrencyShares British Pound Trust Participant Agreement by and between [Authorized Participant] and the Trustee and the Sponsor of the CurrencyShares British Pound Trust, dated [_______], and that their signatures set forth above are their own true and genuine signatures. In Witness Whereof, the undersigned has hereby set his/her hand and the seal of [Authorized Participant] on the date set forth below. Subscribed and sworn to before me By: this day of , 20 Name: Title: Date: Notary Public EXHIBIT B CURRENCYSHARES(SM) BRITISH POUND TRUST PURCHASE ORDER FORM THE BANK OF NEW YORK, TRUSTEE -------------------------------------------------------------------------------- CONTACT INFORMATION FOR ORDER EXECUTION: Telephone order number: (▇▇▇) ▇▇▇-▇▇▇▇ or 4967 Fax order number: (▇▇▇) ▇▇▇-▇▇▇▇ Depository Instructions (000-000-0000)/SWIFT [_________] -------------------------------------------------------------------------------- Participant must complete all items in Part I. The Trustee, in its discretion may reject any order not submitted in complete form.
Authorized Participant. Participant Project Officer