Common use of Delivery of Required Deposits Clause in Contracts

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: United States Natural Gas Fund, LP, United States Oil Fund, LP, United States Gasoline Fund, LP

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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: www.sec.gov, United States 12 Month Natural Gas Fund, LP, 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: United States Oil Fund, LP, United States Oil Fund, LP, United States Gas 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: United States Oil Fund, LP, United States Oil Fund, LP

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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)

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: United States Oil Fund, LP

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