CREATION PROCESS Clause Samples
The CREATION PROCESS clause defines the procedures and steps required to develop or produce a deliverable, product, or service under the agreement. It typically outlines the stages of creation, such as initial design, approvals, revisions, and finalization, and may specify responsibilities, timelines, and required documentation for each phase. By clearly establishing how the creation process will be managed, this clause ensures both parties have a shared understanding of expectations and workflow, reducing the risk of misunderstandings or disputes during the project.
CREATION PROCESS. OVERVIEW
CREATION PROCESS. An order to purchase one or more Creation Baskets placed by a Participant with the Distributor by a telephone call placed by the Order Cut-Off Time on a Business Day (such day, “Purchase Order Subscription Date”) results in the issuance and delivery of Creation Basket(s) at noon, Eastern Time, on the Business Day immediately following the Purchase Order Subscription Date if the Trust (or its agents, as the case may be) has received: the Transaction Fee, and for the account of the applicable Trust, the Creation Basket Capital Contribution due from the Participant submitting the Creation/Redemption Order Form.
CREATION PROCESS. The issuance and delivery of Shares shall take place only in integral numbers of Creation Units in compliance with the following rules:
CREATION PROCESS. An Order to purchase one or more Baskets placed by an Authorized Participant with the Transfer Agent by 10:00 AM New York time (the “Order Cut-Off Time”) on a Business Day (such day, “CREATION T”) results in the transfer to the Authorized Participant’s account at The Depository Trust Company (“DTC”) of Baskets the Authorized Participant has purchased, in most instances, by 9:00 AM New York time on CREATION T ±1:
CREATION PROCESS. The issuance and delivery of Shares of the Fund shall take place only in integral numbers of Creation Units in compliance with the following rules: