Common use of Creation and Issuance of Creation Baskets Clause in Contracts

Creation and Issuance of Creation Baskets. The following procedures, except to the extent otherwise provided in the Authorized Participant Agreement for each Authorized Participant, which may be amended from time to time in accordance with the provisions of such Authorized Participant Agreement (and any such amendment shall not constitute an amendment of this Trust Agreement), shall apply to the creation and issuance of Creation Baskets. Subject to the limitations upon and requirements for issuance of Creation Baskets stated herein and in such procedures, the number of Creation Baskets that may be issued by the Trust shall be unlimited.

Appears in 5 contracts

Samples: Trust Agreement (VanEck Ethereum ETF), Declaration of Trust and Trust Agreement (Bitwise Ethereum ETF), Declaration of Trust and Trust Agreement (VanEck Bitcoin Trust)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!