Common use of Creation Transaction Fee Clause in Contracts

Creation Transaction Fee. To compensate the Partnership for its expenses in connection with the creation of Baskets, a Participant is required to pay a transaction fee to the Partnership of $1,000 per order to create Baskets. An order may include multiple Baskets. The transaction fee may be reduced, increased or otherwise changed by the General Partner. The General Partner shall notify DTC in advance of any change in the transaction fee and will not implement any increase in the fee for the creation of Baskets until 30 days after the date of the notice.

Appears in 36 contracts

Samples: Limited Partnership Agreement, Limited Partnership Agreement (United States 12 Month Oil Fund, LP), Limited Partnership Agreement (United States 12 Month Natural Gas Fund, LP)

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Creation Transaction Fee. To compensate the Partnership for its expenses in connection with the creation of Baskets, a Participant Limited Partner is required to pay a transaction fee to the Partnership of $1,000 per order to create Baskets. An order may include multiple Baskets. The transaction fee may be reduced, increased or otherwise changed by the General Partner. The General Partner shall notify DTC in advance of any change in the transaction fee and will not implement any increase in the fee for the creation of Baskets until 30 days after the date of the notice.

Appears in 7 contracts

Samples: Limited Partnership Agreement (United States Gas Fund LP), Agreement of Limited Partnership (United States Oil Fund, LP), Second Amended and Restated Agreement of Limited Partnership (United States Oil Fund, LP)

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