CREATION AND REDEMPTION PROCESS. Participant understands and acknowledges that the Transfer Agent will not effect a creation or redemption until it has received confirmation of receipt of the Authorized Participant’s Cash Payment with regard to creations or Creation Units and transaction fee with regard to redemptions.
Appears in 5 contracts
Samples: Participant Agreement (PowerShares India Exchange-Traded Fund Trust), Participant Agreement (PowerShares India Exchange-Traded Fund Trust), Participant Agreement (PowerShares India Exchange-Traded Fund Trust)