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Common use of CASH PURCHASES Clause in Contracts

CASH PURCHASES. When, in the sole discretion of Fund, cash purchases of -------------- Creation Units of iShares are available or specified for an Index Series, such purchases shall be effected in essentially the same manner as in-kind purchases thereof. In the case of a cash purchase, Participant must pay the cash equivalent of the Deposit Securities it would otherwise be required to provide through an in-kind purchase, plus the same Cash Component required to be paid by an in-kind purchaser. In addition, to offset Fund's brokerage and other transaction costs associated with using the cash to purchase the requisite Deposit Securities, Participant must pay a fixed purchase transaction fee, plus an additional variable charge for cash purchases, which is expressed as a percentage of the value of the Deposit Securities. The transaction fees for in-kind and cash purchases of Creation Units of iShares are described in the Prospectus. TO PLACE AN ORDER FOR REDEMPTION OF CREATION UNIT(S) OF iSHARES 1. PLACING A REDEMPTION ORDER. Redemption Orders for Creation Units iShares -------------------------- may be initiated only on days that the American Stock Exchange is open for trading. To begin a Redemption Order, Participant must telephone Distributor at (000) 000-0000. This telephone call must be made by an Authorized Person of Participant not later than the closing time of the regular trading session on the American Stock Exchange which is ordinarily ------- 4:00 p.m. Eastern Standard Time ("AMEX Closing Time"). Upon verifying the authenticity of Participant (as determined by the use of the appropriate PIN Number), Distributor will request that Participant place the Redemption Order. To do so, Participant must provide ticker symbols when referring to each iShares series. After Participant has placed the Redemption Order, Distributor will read the Redemption Order back to Participant. Participant then must affirm that the Redemption Order has been taken correctly by Distributor. If Participant affirms that Redemption Order has been taken correctly, Distributor will issue an Confirmation Number to Participant.

Appears in 2 contracts

Samples: Authorized Participant Agreement (Ishares Trust), Authorized Participant Agreement (Ishares Trust)

CASH PURCHASES. When, in the sole discretion of FundCompany, cash purchases of -------------- Creation Units of iShares Shares are available or specified for an Index Seriesthe Fund, such purchases shall be effected in essentially the same manner as in-kind purchases thereof. In the case of a cash purchase, Participant the AP must pay the cash equivalent of the Deposit Securities it would otherwise be required to provide through an in-kind purchase, plus the same Cash Component required to be paid by an in-kind purchaser. In addition, to offset Fund's Company’s brokerage and other transaction costs associated with using the cash to purchase the requisite Deposit Securities, Participant the AP must pay a fixed purchase transaction feeTransaction Fee, plus an additional variable charge for cash purchases, which is expressed as a percentage of the value of the Deposit Securities. The transaction fees Transaction Fees for in-kind and cash purchases of Creation Units of iShares Shares are described in the Prospectus. PROCEDURES TO PLACE AN A REDEMPTION ORDER FOR REDEMPTION OF CREATION UNIT(S) OF iSHARESSHARES OF THE FUND 1. PLACING A REDEMPTION ORDER. ORDER Redemption Orders for Creation Units iShares -------------------------- of Shares may be initiated only on days that the American Stock Listing Exchange is open for trading. Redemption Orders may only be made in whole Creation Units of shares of the Fund. To begin a Redemption Order, Participant the AP must telephone Distributor BNY ETF Administrator at (000) 000-0000. This telephone call must be made by an Authorized Person of Participant the AP not later than the closing time of the regular trading session on the American Stock Listing Exchange which is ordinarily ------- 4:00 p.m. Eastern Standard Time ("AMEX “Listing Exchange Closing Time"). Upon verifying the authenticity of Participant the AP (as determined by the use of the appropriate PIN Number), Distributor BNY ETF Administrator will request that Participant the AP place the Redemption Order. To do so, Participant the AP must provide the appropriate ticker symbols when referring to each iShares seriesthe Fund. After Participant the AP has placed the Redemption Order, Distributor BNY ETF Administrator will read the Redemption Order back to Participantthe AP. Participant The AP then must affirm that the Redemption Order has been taken correctly by DistributorBNY ETF Administrator. If Participant the AP affirms that Redemption Order has been taken correctly, Distributor BNY ETF Administrator will issue an a Confirmation Number to Participantthe AP. PLEASE NOTE: A REDEMPTION ORDER REQUEST IS NOT COMPLETE UNTIL THE CONFIRMATION NUMBER IS ISSUED BY BNY ETF ADMINISTRATOR. AN ORDER MAY NOT BE CANCELED BY THE AP AFTER THE CONFIRMATION NUMBER IS ISSUED. INCOMING TELEPHONE CALLS ARE QUEUED AND WILL BE HANDLED IN THE SEQUENCE RECEIVED. CALLS PLACED BEFORE THE LISTING EXCHANGE CLOSING TIME WILL BY PROCESSED EVEN IF THE CALL IS ANSWERED BY BNY ETF ADMINISTRATOR AFTER THE LISTING EXCHANGE CLOSING TIME. ACCORDINGLY, THE AP SHOULD NOT HANG UP AND REDIAL. INCOMING CALLS THAT ARE RECEIVED AFTER THE LISTING EXCHANGE CLOSING TIME WILL NOT BE ANSWERED BY BNY ETF ADMINISTRATOR. ALL TELEPHONE CALLS MAY BE RECORDED.

Appears in 1 contract

Samples: Authorized Participant Agreement (Ook Inc)

CASH PURCHASES. When, in the sole discretion of FundCompany, cash purchases of -------------- Creation Units of iShares Shares are available or specified for an Index Seriesa Fund, such purchases shall be effected in essentially the same manner as in-kind purchases thereof. In the case of a cash purchase, Participant the AP must pay the cash equivalent of the Deposit Securities it would otherwise be required to provide through an in-kind purchase, plus the same Cash Component required to be paid by an in-kind purchaser. In addition, to offset FundCompany's brokerage and other transaction costs associated with using the cash to purchase the requisite Deposit Securities, Participant the AP must pay a fixed purchase transaction feeTransaction Fee, plus an additional variable charge for cash purchases, which is expressed as a percentage of the value of the Deposit Securities. The transaction fees Transaction Fees for in-kind and cash purchases of Creation Units of iShares Shares are described in the Prospectus. Exhibit (e)(2) ANNEX II -- PART B TO AUTHORIZED PARTICIPANT AGREEMENT FOR TDAX FUNDS, INC. PROCEDURES TO PLACE AN A REDEMPTION ORDER FOR REDEMPTION OF ========================================== CREATION UNIT(S) OF iSHARESSHARES OF ONE OR MORE FUNDS OF ================================================== TDAX FUNDS, INC. 1. PLACING A REDEMPTION ORDER. ORDER Redemption Orders for Creation Units iShares -------------------------- of Shares may be initiated only on days that the American Stock Listing Exchange is open for trading. Redemption Orders may only be made in whole Creation Units of shares of each Fund. To begin a Redemption Order, Participant the AP must telephone Distributor BNY ETF Administrator at (000) 000-0000. This telephone call must be made by an Authorized Person of Participant the AP not later than the closing time of the regular trading session on the American Stock Listing Exchange which is ordinarily ------- 4:00 p.m. Eastern Standard Time ("AMEX Listing Exchange Closing Time"). Upon verifying the authenticity of Participant the AP (as determined by the use of the appropriate PIN Number), Distributor BNY ETF Administrator will request that Participant the AP place the Redemption Order. To do so, Participant the AP must provide the appropriate ticker symbols when referring to each iShares seriesFund. After Participant the AP has placed the Redemption Order, Distributor BNY ETF Administrator will read the Redemption Order back to Participantthe AP. Participant The AP then must affirm that the Redemption Order has been taken correctly by DistributorBNY ETF Administrator. If Participant the AP affirms that Redemption Order has been taken correctly, Distributor BNY ETF Administrator will issue an a Confirmation Number to Participantthe AP.

Appears in 1 contract

Samples: Authorized Participant Agreement (TDAX Funds, Inc.)

CASH PURCHASES. When, in the sole discretion of FundCompany, cash purchases of -------------- Creation Units of iShares Shares are available or specified for an Index Seriesa Fund, such purchases shall be effected in essentially the same manner as in-kind purchases thereof. In the case of a cash purchase, Participant the AP must pay the cash equivalent of the Deposit Securities it would otherwise be required to provide through an in-kind purchase, plus the same Cash Component required to be paid by an in-kind purchaser. In addition, to offset FundCompany's brokerage and other transaction costs associated with using the cash to purchase the requisite Deposit Securities, Participant the AP must pay a fixed purchase transaction feeTransaction Fee, plus an additional variable charge for cash purchases, which is expressed as a percentage of the value of the Deposit Securities. The transaction fees Transaction Fees for in-kind and cash purchases of Creation Units of iShares Shares are described in the Prospectus. Exhibit (e)(2) ANNEX II -- PART B TO AUTHORIZED PARTICIPANT AGREEMENT FOR REALTY FUNDS , INC. PROCEDURES TO PLACE AN A REDEMPTION ORDER FOR REDEMPTION OF ------------------------------------------ CREATION UNIT(S) OF iSHARESSHARES OF ONE OR MORE FUNDS OF -------------------------------------------------- REALTY FUNDS, INC. 1. PLACING A REDEMPTION ORDER. ORDER Redemption Orders for Creation Units iShares -------------------------- of Shares may be initiated only on days that the American Stock Listing Exchange is open for trading. Redemption Orders may only be made in whole Creation Units of shares of each Fund. To begin a Redemption Order, Participant the AP must telephone Distributor BNY ETF Administrator at (000718) 000315-00004512. This telephone call must be made by an Authorized Person of Participant Pxxxxx xx xxx XP not later than the closing time of the regular trading session on the American Stock Listing Exchange which is ordinarily ------- 4:00 p.m. Eastern Standard Time ("AMEX Listing Exchange Closing Time"). Upon verifying the authenticity of Participant the AP (as determined by the use of the appropriate PIN Number), Distributor BNY ETF Administrator will request that Participant the AP place the Redemption Order. To do so, Participant the AP must provide the appropriate ticker symbols when referring to each iShares seriesFund. After Participant the AP has placed the Redemption Order, Distributor BNY ETF Administrator will read the Redemption Order back to Participantthe AP. Participant The AP then must affirm that the Redemption Order has been taken correctly by DistributorBNY ETF Administrator. If Participant the AP affirms that Redemption Order has been taken correctly, Distributor BNY ETF Administrator will issue an a Confirmation Number to Participantthe AP.

Appears in 1 contract

Samples: Authorized Participant Agreement (Realty Funds, Inc.)

CASH PURCHASES. When, in the sole discretion of FundTrust, cash purchases of -------------- Creation Units of iShares Shares are available or specified for an Index Seriesa Fund, such purchases shall be effected in essentially the same manner as in-kind purchases thereof. In the case of a cash purchase, Participant the AP must pay the cash equivalent of the Deposit Securities it would otherwise be required to provide through an in-kind purchase, plus the same Cash Component required to be paid by an in-kind purchaser. In addition, to offset Fund's Trust’s brokerage and other transaction costs associated with using the cash to purchase the requisite Deposit Securities, Participant the AP must pay a fixed purchase transaction feeTransaction Fee, plus an additional variable charge for cash purchases, which is expressed as a percentage of the value of the Deposit Securities. The transaction fees Transaction Fees for in-kind and cash purchases of Creation Units of iShares Shares are described in the Prospectus. ANNEX II — PART B TO AUTHORIZED PARTICIPANT AGREEMENT FOR ALPS ETF TRUST PROCEDURES TO PLACE AN A REDEMPTION ORDER FOR REDEMPTION OF CREATION UNIT(S) OF iSHARESSHARES OF ONE OR MORE FUNDS OF ALPS ETF TRUST 1. PLACING A REDEMPTION ORDER. ORDER Redemption Orders for Creation Units iShares -------------------------- of Shares may be initiated only on days that the American Stock Listing Exchange is open for trading. Redemption Orders may only be made in whole Creation Units of shares of each Fund. To begin a Redemption Order, Participant the AP must telephone Distributor BNY ETF Administrator at (000) 000-0000. This telephone call must be made by an Authorized Person of Participant the AP not later than the closing time of the regular trading session on the American Stock Listing Exchange which is ordinarily ------- 4:00 p.m. Eastern Standard Time ("AMEX Listing Exchange Closing Time"). Upon verifying the authenticity of Participant the AP (as determined by the use of the appropriate PIN Number), Distributor BNY ETF Administrator will request that Participant the AP place the Redemption Order. To do so, Participant the AP must provide the appropriate ticker symbols when referring to each iShares seriesFund. After Participant the AP has placed the Redemption Order, Distributor BNY ETF Administrator will read the Redemption Order back to Participantthe AP. Participant The AP then must affirm that the Redemption Order has been taken correctly by DistributorBNY ETF Administrator. If Participant the AP affirms that Redemption Order has been taken correctly, Distributor BNY ETF Administrator will issue an a Confirmation Number to Participantthe AP. PLEASE NOTE: A REDEMPTION ORDER REQUEST IS NOT COMPLETE UNTIL THE CONFIRMATION NUMBER IS ISSUED BY BNY ETF Administrator. AN ORDER MAY NOT BE CANCELED BY THE AP AFTER THE CONFIRMATION NUMBER IS ISSUED. INCOMING TELEPHONE CALLS ARE QUEUED AND WILL BE HANDLED IN THE SEQUENCE RECEIVED. CALLS PLACED BEFORE THE LISTING EXCHANGE CLOSING TIME WILL BY PROCESSED EVEN IF THE CALL IS ANSWERED BY BNY ETF ADMINISTRATOR AFTER THE LISTING EXCHANGE CLOSING TIME. ACCORDINGLY, THE AP SHOULD NOT HANG UP AND REDIAL. INCOMING CALLS THAT ARE RECEIVED AFTER THE LISTING EXCHANGE CLOSING TIME WILL NOT BE ANSWERED BY BNY ETF ADMINSTRATOR. ALL TELEPHONE CALLS MAY BE RECORDED.

Appears in 1 contract

Samples: Authorized Participant Agreement