Common use of Beneficial Owner Communications Clause in Contracts

Beneficial Owner Communications. The Authorized Participant agrees, subject to any limitations arising under federal or state securities laws relating to privacy or other obligations it may have to its Authorized Participant Clients, to assist the Transfer Agent or the Sponsor in determining the ownership level of each Beneficial Owner relating to positions in Shares that the Authorized Participant may hold as record holder. In addition, the Authorized Participant agrees, in accordance with applicable laws, rules and regulations, at the request of the Sponsor or the Transfer Agent to forward to such Beneficial Owners written materials and communications received from the requesting party hereto in sufficient quantities to allow mailing thereof to such Beneficial Owners, including notices, annual reports, disclosure or other informational materials and any amendments or supplements thereto that may be required to be sent by the Sponsor or the Transfer Agent to such Beneficial Owners pursuant to the Trust Agreement or applicable law or regulation, or that the Sponsor or the Transfer Agent reasonably wishes to distribute, at its own expense, to such Beneficial Owners.