Common use of Beneficial Owners Clause in Contracts

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of Units, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner on behalf of the Partnership and each Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Units will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Beneficial Owners will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Units, a written confirmation relating to their purchase of Units.

Beneficial Owners. As provided in the Depository Agreement, upon Upon the settlement date of any creation, transfer or redemption of Units, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units so created, transferred or redeemed to the accounts of the appropriate DTC Direct Participants. The accounts to be credited and charged shall be designated by the General Partner Managing Owner and the Participants on behalf of the Partnership Trust and each Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Units will be limited to DTC Direct Participants, Indirect Participants and persons holding interests through DTC Direct Participants and Indirect Participants. Owners of beneficial interests in Units (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Direct Participants, records maintained by the Depository andDepository, in the case of Indirect Participants and Beneficial Owners holding through a DTC Direct Participant or an Indirect Participant, through those records or the records of the relevant DTC Direct Participants, and in the case of Beneficial Owners who are not Direct Participants or Indirect Participants, the records of Indirect Participants. Beneficial Owners are expected to receive, receive from or through the broker or bank that maintains Direct Participant maintaining the account through which the Beneficial Owner has purchased Units, or sold Units a written confirmation relating to their purchase or sale of Units.

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of UnitsShares, the Depository will credit credits or debit, debits on its book-entry registration and transfer system, the number amount of Units Shares so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The Sponsor and the Authorized Participants designate the accounts to be credited and charged shall be designated by the General Partner on behalf of the Partnership and each Participant, in the case of a creation or redemption of Baskets. Ownership Beneficial ownership of beneficial interest in Units will be the Shares is limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Owners of beneficial interests in Shares (each a “Beneficial Owners will be Owner”) is shown on, and the transfer of beneficial ownership by Beneficial Owners will be is effected only through, in the case of DTC Participants, records maintained by the Depository and(with respect to DTC Participants), in the case records of DTC Participants (with respect to Indirect Participants) and the records of Indirect Participants and (with respect to Beneficial Owners holding through a that are not DTC Participant Participants or an Indirect Participant, through those records or the records of the relevant DTC Participants). Beneficial Owners are expected to receive, receive from or through the broker or bank that maintains maintaining the account through which the Beneficial Owner has purchased Units, its Shares a written confirmation relating to their purchase of Unitssuch purchase.

Beneficial Owners. As provided in Pursuant to the Depository AgreementArrangement, upon the settlement date of any creation, transfer or redemption of UnitsShares, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units Shares so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner Manager on behalf of the Partnership Trust and each DTC Participant, in the case of a creation transfer or redemption of BasketsShares. Ownership of beneficial interest in Units Shares will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Owners of beneficial interests in Shares (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased UnitsShares, a written confirmation relating to their purchase of Unitssuch Shares.

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of UnitsShares of any Class, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units Shares so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner Sponsor on behalf of the Partnership each Fund and each Authorized Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Units Shares will be limited to DTC Participants, Indirect DTC Participants and persons Persons holding interests through DTC Participants and Indirect DTC Participants. Owners of beneficial interests in Shares (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect DTC Participants and Beneficial Owners holding through a DTC Participant or an Indirect DTC Participant, through those records or the records of the relevant DTC ParticipantsParticipant. Beneficial Owners are expected to receive, receive from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Units, Shares a written confirmation relating to their purchase of UnitsShares.

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of UnitsShares, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units Shares so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner Manager on behalf of the Partnership Trust and each DTC Participant, in the case of a creation transfer or redemption of BasketsShares. Ownership of beneficial interest in Units Shares will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Owners of beneficial interests in Shares (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased UnitsShares, a written confirmation relating to their purchase of Unitssuch Shares.

Beneficial Owners. As provided in the Depository AgreementArrangement, upon the settlement date of any creation, transfer or redemption of UnitsShares, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units Shares so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner Manager on behalf of the Partnership Trust and each DTC Participant, in the case of a creation transfer or redemption of BasketsShares. Ownership of beneficial interest in Units Shares will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Owners of beneficial interests in Shares (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased UnitsShares, a written confirmation relating to their purchase of Unitssuch Shares.

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of UnitsShares of a Fund, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units Shares so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner Sponsor on behalf of the Partnership each Fund and each Authorized Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Units Shares will be limited to DTC Participants, Indirect DTC Participants and persons holding interests through DTC Participants and Indirect DTC Participants. Owners of beneficial interests in Shares (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect DTC Participants and Beneficial Owners holding through a DTC Participant or an Indirect DTC Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, receive from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Units, Shares a written confirmation relating to their purchase of UnitsShares.

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of Units, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner on behalf of the Partnership and each Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Units will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Owners of beneficial interests in Units (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, receive from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Units, Units a written confirmation relating to their purchase of Units.

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of UnitsLimited Shares, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units Limited Shares so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The In the case of a creation or redemption of Baskets, the accounts to be credited and charged shall be designated by the General Partner Sponsor or its designee on behalf of the Partnership Trust and each Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest (a "Beneficial Interest") in Units Limited Shares will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Owners of beneficial interests in Limited Shares ("Beneficial Owners Owners") will be shown on, and the transfer of beneficial ownership Beneficial Interests by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and related Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants or Indirect Participants. Beneficial Owners are expected to receive, from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Units, a written confirmation relating to their purchase of Units.

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of Limited Units, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Limited Units so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner Managing Owner on behalf of the Partnership Trust and each Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Limited Units will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Owners of beneficial interests in Limited Units (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, receive from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Units, Limited Units a written confirmation relating to their purchase of Limited Units.

Beneficial Owners. As provided in the Depository Agreement, upon the settlement date of any creation, transfer or redemption of Units, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units so created, transferred or redeemed to the accounts of the appropriate DTC Participants. The accounts to be credited and charged shall be designated by the General Partner on behalf of the Partnership and each Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Units will be limited to DTC Participants, Indirect Participants and persons holding interests through DTC Participants and Indirect Participants. Owners of beneficial interests in Units ("Beneficial Owners Owners") will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Participants, records maintained by the Depository and, in the case of Indirect Participants and Beneficial Owners holding through a DTC Participant or an Indirect Participant, through those records or the records of the relevant DTC Participants. Beneficial Owners are expected to receive, receive from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Units, Units a written confirmation relating to their purchase of Units.

Beneficial Owners. As provided in the Depository Agreement, upon Upon the settlement date of any creation, transfer or redemption of UnitsUnits of a Fund, the Depository will credit or debit, on its book-entry registration and transfer system, the number of Units so created, transferred or redeemed to the accounts of the appropriate DTC Direct Participants. The accounts to be credited and charged shall be designated by the General Partner Managing Owner and the Participants on behalf of the Partnership each Fund and each Participant, in the case of a creation or redemption of Baskets. Ownership of beneficial interest in Units will be limited to DTC Direct Participants, Indirect Participants and persons holding interests through DTC Direct Participants and Indirect Participants. Owners of beneficial interests in Units (“Beneficial Owners Owners”) will be shown on, and the transfer of beneficial ownership by Beneficial Owners will be effected only through, in the case of DTC Direct Participants, records maintained by the Depository andDepository, in the case of Indirect Participants and Beneficial Owners holding through a DTC Direct Participant or an Indirect Participant, through those records or the records of the relevant DTC Direct Participants, and in the case of Beneficial Owners who are not Direct Participants or Indirect Participants, the records of Indirect Participants. Beneficial Owners are expected to receive, receive from or through the broker or bank that maintains Direct Participant maintaining the account through which the Beneficial Owner has purchased Units, or sold Units a written confirmation relating to their purchase or sale of Units.