Delivery of Consideration to the Trust. The Authorized Participant understands and agrees that in the event corresponding cash consideration is not transferred to the Trust by the time specified in the Purchase Order and in compliance with the Procedures and the Trust Agreement, a Purchase Order may be cancelled by the Processing Agent and the Authorized Participant will be solely responsible for all costs incurred by the Trust related to the cancelled Order.
Appears in 7 contracts
Samples: Authorized Participant Agreement (Managed Emerging Markets Trust), Authorized Participant Agreement (Managed Emerging Markets Trust), Authorized Participant Agreement (Managed Emerging Markets Trust)