Common use of Call to Receive a Submission Number Clause in Contracts

Call to Receive a Submission Number. An Authorized Person for the Participant will call the Trust Representative at (000) 000-0000 not later than 12:00 p.m. Eastern time for a T+0 Order, or the closing time of the regular trading session on the New York Stock Exchange (the “NYSE Closing Time”) (ordinarily 4:00 p.m., Eastern time) for a T+1 Order, to receive a Submission Number. In the case of custom orders, the order must be received by the Transfer Agent no later than one hour prior to cut-off for a standard (non-custom) order (generally 11:00 a.m. Eastern time for a T+0 Order and 3:00 p.m., Eastern time for a T+1 Order) on the trade date. Upon verifying the authenticity of the caller (as determined by the use of the appropriate PIN Number) and the terms of the order for creation or request for redemption, the Trust Representative will issue a unique Submission Number. All orders with respect to the creation or redemption of Shares are required to be in writing and accompanied by the designated Submission Number. Incoming telephone calls are queued and will be handled in the sequence received. To be eligible for processing as a T+0 Order, the Participant must receive a Submission Number prior to 12:00 p.m. Eastern time. Similarly, a Participant must receive a Submission Number prior to NYSE Closing Time for its order to be processed that Business Day. INCOMING CALLS THAT ARE ATTEMPTED LATER THAN THE NYSE CLOSING TIME WILL NOT BE ACCEPTED.