Creation Procedures. On any Business Day, a Participant, may place an order with the Partnership’s marketing agent to create one or more Baskets. Purchase orders must be placed by 12:00 PM New York time or the close of regular trading on the New York Stock Exchange, whichever is earlier. The day on which the marketing agent receives a valid purchase order is the purchase order date. By placing a purchase order, the Participant agrees to deposit Treasuries with the Partnership, or a combination of Treasuries and cash. Prior to the delivery of Baskets for a purchase order, the Participant must also have wired to the custodian the non-refundable creation transaction fee described in this Article 16.
Appears in 4 contracts
Samples: United States Oil Fund, LP, United States Oil Fund, LP, United States Oil Fund, LP
Creation Procedures. On any Business Day, a Participant, may place an order with the Partnership’s marketing agent to create one or more Baskets. Purchase orders must be placed by 12:00 PM New York time or the close of regular trading on the New York Stock ExchangeNYSE Arca, Inc., whichever is earlier. The day on which the marketing agent receives a valid purchase order is the purchase order date. By placing a purchase order, the Participant agrees to deposit Treasuries with the Partnership, or a combination of Treasuries and cash. Prior to the delivery of Baskets for a purchase order, the Participant must also have wired to the custodian the non-refundable creation transaction fee described in this Article Section 16.
Appears in 3 contracts
Samples: United States Natural Gas Fund, LP, Agreement of Limited Partnership (United States Natural Gas Fund, LP), United States Natural Gas Fund, LP
Creation Procedures. On any Business Day, a Limited Partner, through an Participant, may place an order with the Partnership’s marketing agent to create one or more Baskets. Purchase orders must be placed by 12:00 PM New York time or the close of regular trading on the New York American Stock Exchange, whichever is earlier. The day on which the marketing agent receives a valid purchase order is the purchase order date. By placing a purchase order, the Participant Limited Partner agrees to deposit Treasuries with the Partnership, or a combination of Treasuries and cash. Prior to the delivery of Baskets for a purchase order, the Participant Limited Partner must also have wired to the custodian the non-refundable creation transaction fee described in this Article 16Article.
Appears in 1 contract
Samples: United States Oil Fund, LP