Delivery of Required Deposits. A Participant who places a purchase order is responsible for transferring to the Partnership’s account with the custodian the required amount of Treasuries and cash by the end of the third Business Day following the purchase order date. Upon receipt of the deposit amount, the administrator will direct DTC to credit the number of Baskets ordered to the Participant’s DTC account on the third Business Day following the purchase order date. The expense and risk of delivery and ownership of Treasuries until such Treasuries have been received by the custodian on behalf of the Partnership shall be borne solely by the Participant.
Appears in 27 contracts
Samples: Limited Partnership Agreement (United States Gasoline Fund, LP), Limited Partnership Agreement (United States 12 Month Oil Fund, LP), Limited Partnership Agreement (United States Oil Fund, LP)
Delivery of Required Deposits. A Participant who places a purchase order is responsible for transferring to the Partnership’s account with the custodian the required amount of Treasuries and cash by the end of the third Business Day following the purchase order date. Upon receipt of the deposit amount, the administrator Administrator will direct DTC to credit the number of Baskets ordered to the Participant’s DTC account on the third Business Day following the purchase order date. The expense and risk of delivery and ownership of Treasuries until such Treasuries have been received by the custodian on behalf of the Partnership shall be borne solely by the Participant.
Appears in 8 contracts
Samples: Limited Partnership Agreement, Limited Partnership Agreement (United States 12 Month Natural Gas Fund, LP), Limited Partnership Agreement (United States 12 Month Natural Gas Fund, LP)
Delivery of Required Deposits. A Participant Limited Partner who places a purchase order is responsible for transferring to the Partnership’s account with the custodian the required amount of Treasuries and cash by the end of the third Business Day following the purchase order date. Upon receipt of the deposit amount, the administrator marketing agent will direct DTC to credit the number of Baskets ordered to the ParticipantLimited Partner’s DTC account on the third Business Day following the purchase order date. The expense and risk of delivery and ownership of Treasuries until such Treasuries have been received by the custodian on behalf of the Partnership shall be borne solely by the ParticipantLimited Partner.
Appears in 4 contracts
Samples: Agreement of Limited Partnership (United States Oil Fund, LP), Agreement of Limited Partnership (United States Oil Fund, LP), Second Amended and Restated Agreement of Limited Partnership (United States Oil Fund, LP)
Delivery of Required Deposits. A Participant Limited Partner who places a purchase order is responsible for transferring to the Partnership’s 's account with the custodian the required amount of Treasuries and cash by the end of the third Business Day business day following the purchase order date. Upon receipt of the deposit amount, the administrator marketing agent will direct DTC the Depository Trust Company ("DTC") to credit the number of Baskets ordered to the Participant’s Limited Partner's DTC account on the third Business Day business day following the purchase order date. The expense and risk of delivery and ownership of Treasuries until such Treasuries have been received by the custodian on behalf of the Partnership shall be borne solely by the ParticipantLimited Partner.
Appears in 2 contracts
Samples: Limited Partnership Agreement (United States Oil Fund, LP), Limited Partnership Agreement (United States Oil Fund, LP)
Delivery of Required Deposits. A Participant who places a purchase order is responsible for transferring to the Partnership’s account with the custodian the required amount of Treasuries and cash by the end of the third Business Day following the purchase order date. Upon receipt of the deposit amount, the administrator Administrator will direct DTC to credit the number of Baskets ordered to the Participant’s DTC account on the third Business Day following the purchase order date. The expense and risk of delivery and ownership of Treasuries until such Treasuries have been received by the custodian on behalf of the Partnership shall be borne solely by the Participant.
Appears in 1 contract
Samples: Limited Partnership Agreement (United States Oil Fund, LP)
Delivery of Required Deposits. A Participant Limited Partner who places a purchase order is responsible for transferring to the Partnership’s account with the custodian the required amount of Treasuries and cash by the end of the third Business Day following the purchase order date. Upon receipt of the deposit amount, the administrator marketing agent will direct DTC to credit the number of Baskets ordered to the ParticipantLimited Partner’s DTC account on the third Business Day following the purchase order date. The expense and risk of delivery and ownership of Treasuries until such Treasuries have been received by the custodian on behalf of the Partnership shall be borne solely by the ParticipantLimited Partner.
Appears in 1 contract
Samples: Limited Partnership Agreement (United States Natural Gas Fund, LP)