Authorized Participant Status. The Authorized Participant understands and acknowledges that the method by which Baskets of Shares will be created and traded may raise certain issues under applicable securities laws. For example, because new Baskets of Shares may be issued and sold by the Trust on an ongoing basis, at any point a “distribution”, as such term is used in the 1933 Act, may occur.
Appears in 14 contracts
Samples: Authorized Participant Agreement (Abrdn Palladium ETF Trust), Authorized Participant Agreement (Abrdn Silver ETF Trust), Authorized Participant Agreement (Abrdn Platinum ETF Trust)
Authorized Participant Status. The Authorized Participant understands and acknowledges that the method by which Baskets of Shares will be created and traded may raise certain issues under applicable securities laws. For example, because new Baskets of Shares may be issued and sold by the Trust on an ongoing basis, at any point a “distribution”, as such term is used in the 1933 Act, may occur..
Appears in 6 contracts
Samples: Authorized Participant Agreement, Authorized Participant Agreement (Etfs Palladium Trust), Authorized Participant Agreement (Etfs Silver Trust)
