Common use of Deposit of Euro Clause in Contracts

Deposit of Euro. (a) After the initial deposit of Euro in the Trust, the issuance and Delivery of Shares will take place only in integral numbers of Baskets and in compliance with the provisions of this Agreement, as supplemented by any procedures attached to an applicable Authorized Participant Agreement, to the extent those procedures are consistent with this Agreement. Authorized Participants wishing to acquire from the Trustee one or more Baskets must place an order with the Trustee (a "Purchase Order"). Purchase Orders received by the Trustee prior to the Order Cutoff Time on a New York Business Day will have that day as the Order Date. Purchase Orders received on a day that is not a New York Business Day or received after the Order Cutoff Time on a New York Business Day will have the next following New York Business Day as the Order Date. The "Settlement Date" for a Purchase Order shall be the third New York Business Day following the Order Date unless that day is not a London Business Day, in which case the Settlement Date shall be the next following day that is both a New York Business Day and a London Business Day. As consideration for each Basket acquired, Authorized Participants must deposit with the Depository the Basket Euro Amount determined by the Trustee on the Business Day prior to the Settlement Date for the corresponding Purchase Order. The Basket Euro Amount shall be deposited in the Interest Account; provided, however, that the Trustee shall withdraw from the Interest Account and deposit in the Non-Interest Account an amount which represents a pro rata share of accrued but unpaid interest pursuant to Section 6.5. (b) The Trustee shall determine the Basket Euro Amount for each New York Business Day. The initial "Basket Euro Amount" is 5,000,000 Euro. After the initial deposit, the "Basket Euro Amount" shall be an amount of Euro equal to the quotient obtained by dividing the NAV per Basket on the date on which the determination is being made by the Relevant Price on such date. For purposes of this computation, "NAV per Basket" is the product obtained by multiplying (x) the NAV per Share determined in compliance with Section 4.1, by (y) the number of Shares which constitute a Basket on the date on which the determination is being made. Fractions of a Euro smaller than .001 shall be disregarded. The Sponsor intends to publish, or may designate other persons to publish, for each New York Business Day, the Basket Euro Amount. (c) If the Trust Property includes Surplus Property, no deposits of Euro will be accepted until after a record date for distribution of that money or property, or proceeds from that property, has passed. (d) All deposited Euro shall be owned by the Trust and held for the Trust by the Depository in the Interest Account or the Non-Interest Account. Any assets of the Trust other than Euro shall be held by the Trustee or the Depository at such place and in such manner as the Trustee shall determine.

Deposit of Euro. (a) After the initial deposit of Euro in the Trust, the issuance and Delivery of Shares will take place only in integral numbers of Baskets and in compliance with the provisions of this Agreement, as supplemented by any procedures attached to an applicable Authorized Participant Agreement, to the extent those procedures are consistent with this Agreement. Authorized Participants wishing to acquire from the Trustee one or more Baskets must place an order with the Trustee (a "Purchase Order")) no later than 4:00 p.m. (New York time) on any Business Day. Purchase Orders received by the Trustee prior to the Order Cutoff Time on a New York Business Day on which a Relevant Price is announced will have that day Business Day as the Order Date. Purchase Orders received by the Trustee on a day that is not a New York Business Day or received after the Order Cutoff Time on a New York Business Day will have the next following New York Business Day as the Order Date. The "Settlement Date" for a Purchase Order shall be the third New York Business Day following the Order Date unless that day is not a London Business Day, in or on a Business Day on which case the Settlement Federal Reserve Bank of New York does not announce a Relevant Price, will have as their Order Date shall be the next following day that is both a Business Day on which the Federal Reserve Bank of New York Business Day and announces a London Business DayRelevant Price. As consideration for each Basket acquired, Authorized Participants must deposit with the Depository, for credit to the Depository Account, the Basket Euro Amount determined by the Trustee on the Business Day prior to the Settlement Order Date for of the corresponding Purchase Order. The Basket Euro Amount shall must be deposited in Delivered to the Interest Account; provided, however, that the Trustee shall withdraw from the Interest Account and deposit in the Non-Interest Account an amount which represents a pro rata share of accrued but unpaid interest pursuant to Section 6.5Depository. (b) The Trustee shall determine the Basket Euro Amount for each New York Business Day. The initial "Basket Euro Amount" is 5,000,000 [4,000,000] Euro. After the initial deposit, the "Basket Euro Amount" shall be an amount of Euro equal to the quotient result obtained by dividing the NAV Net Asset Value per Basket on the date on which the determination is being made by the Relevant Price price used by the Trustee to evaluate Euro held by the Trust on such datedate in compliance with Section 4.1. For purposes of this computation, "NAV Net Asset Value per Basket" is the product obtained result obtaining by multiplying (x) the NAV Net Asset Value per Share determined in compliance with Section 4.14.3, by (y) the number of Shares which constitute a Basket on the date on which the determination is being made. Fractions of a Euro smaller than .001 shall be disregarded. The Sponsor intends to publish, or may designate other persons to publish, for each New York Business Day, the Basket Euro Amount. (c) If the Trust Property includes Surplus Propertymoney or any property other than Euro, no deposits of Euro will be accepted until after a record date for distribution of that money or property, or proceeds from that property, has passed. (d) All deposited Euro shall be owned by the Trust and held for the Trust by the Depository in the Interest Account or the Non-Interest Depository Account. Any assets of the Trust other than Euro shall be held by the Trustee or the Depository at such place and in such manner as the Trustee shall determine.

Deposit of Euro. (a) After the initial deposit of Euro in the Trust, the issuance and Delivery of Shares will take place only in integral numbers of Baskets and in compliance with the provisions of this Agreement, as supplemented by any procedures attached to an applicable Authorized Participant Agreement, to the extent those procedures are consistent with this Agreement. Authorized Participants wishing to acquire from the Trustee one or more Baskets must place an order with the Trustee (a "“Purchase Order"”). Purchase Orders received by the Trustee prior to the Order Cutoff Time on a New York Business Day will have that day as the Order Date. Purchase Orders received on a day that is not a New York Business Day or received after the Order Cutoff Time on a New York Business Day will have the next following New York Business Day as the Order Date. The "“Settlement Date" ” for a Purchase Order shall be the third New York Business Day following the Order Date unless that day is not a London Business Day, in which case the Settlement Date shall be the next following day that is both a New York Business Day and a London Business Day. As consideration for each Basket acquired, Authorized Participants must deposit with the Depository the Basket Euro Amount determined by the Trustee on the Business Day prior to the Settlement Date for the corresponding Purchase Order. The Basket Euro Amount shall be deposited in the Interest Account; provided, however, that the Trustee shall withdraw from the Interest Account and deposit in the Non-Interest Account an amount which represents a pro rata share of accrued but unpaid interest pursuant to Section 6.5. (b) The Trustee shall determine the Basket Euro Amount for each New York Business Day. The initial "“Basket Euro Amount" ” is 5,000,000 Euro. After the initial deposit, the "“Basket Euro Amount" ” shall be an amount of Euro equal to the quotient obtained by dividing the NAV per Basket on the date on which the determination is being made by the Relevant Price on such date. For purposes of this computation, "“NAV per Basket" ” is the product obtained by multiplying (x) the NAV per Share determined in compliance with Section 4.1, by (y) the number of Shares which constitute a Basket on the date on which the determination is being made. Fractions of a Euro smaller than .001 shall be disregarded. The Sponsor intends to publish, or may designate other persons to publish, for each New York Business Day, the Basket Euro Amount. (c) If the Trust Property includes Surplus Property, no deposits of Euro will be accepted until after a record date for distribution of that money or property, or proceeds from that property, has passed. (d) All deposited Euro shall be owned by the Trust and held for the Trust by the Depository in the Interest Account or the Non-Interest Account. Any assets of the Trust other than Euro shall be held by the Trustee or the Depository at such place and in such manner as the Trustee shall determine.

Deposit of Euro. (a) After the initial deposit of Euro in the Trust, the issuance and Delivery of Shares will take place only in integral numbers of Baskets and in compliance with the provisions of this Agreement, as supplemented by any procedures attached to an applicable Authorized Participant Agreement, to the extent those procedures are consistent with this Agreement. Authorized Participants wishing to acquire from the Trustee one or more Baskets must place an order with the Trustee (a "Purchase Order")) prior to the Order Cutoff Time on any Business Day. Purchase Orders received by the Trustee prior to the Order Cutoff Time on a New York Business Day on which a Relevant Price is announced will have that day Business Day as the Order Date. Purchase Orders received on a day that is not a New York Business Day or received after by the Trustee prior to the Order Cutoff Time on a Business Day on which the Federal Reserve Bank of New York does not announce a Relevant Price will have as their Order Date the next Business Day will have on which the next following Federal Reserve Bank of New York Business Day as the Order Dateannounces a Relevant Price. The "Settlement Date" for a Purchase Order shall be the third New York Business Day following the Order Date unless that day is not a London Business Day, in which case the Settlement Date shall be the next following day that is both a New York Business Day and a London Business DayDate. As consideration for each Basket acquired, Authorized Participants must deposit with the Depository Depository, for credit to the Deposit Account, the Basket Euro Amount determined by the Trustee on the Business Day prior to the Settlement Date for the corresponding Purchase Order. The Basket Euro Amount shall must be deposited in Delivered to the Interest Account; provided, however, that the Trustee shall withdraw from the Interest Account and deposit in the Non-Interest Account an amount which represents a pro rata share of accrued but unpaid interest pursuant to Section 6.5Depository. (b) The Trustee shall determine the Basket Euro Amount for each New York Business Day. The initial "Basket Euro Amount" is 5,000,000 Euro. After the initial deposit, the "Basket Euro Amount" shall be an amount of Euro equal to the quotient obtained by dividing the NAV Net Asset Value per Basket on the date on which the determination is being made by the Relevant Price Dollars per Euro rate used by the Trustee to evaluate Euro held by the Trust on such datedate in compliance with Section 4.1 . For purposes of this computation, "NAV Net Asset Value per Basket" is the product obtained by multiplying (x) the NAV Net Asset Value per Share determined in compliance with Section 4.14.3 , by (y) the number of Shares which constitute a Basket on the date on which the determination is being made. Fractions of a Euro smaller than .001 shall be disregarded. The Sponsor intends to publish, or may designate other persons to publish, for each New York Business Day, the Basket Euro Amount. (c) If the Trust Property includes Surplus Property, no deposits of Euro will be accepted until after a record date for distribution of that money or property, or proceeds from that property, has passed. (d) All deposited Euro shall be owned by the Trust and held for the Trust by the Depository in the Interest Account or the Non-Interest Account. Any assets of the Trust other than Euro shall be held by the Trustee or the Depository at such place and in such manner as the Trustee shall determine.being

Deposit of Euro. (a) After the initial deposit of Euro in the Trust, the issuance and Delivery of Shares will take place only in integral numbers of Baskets and in compliance with the provisions of this Agreement, as supplemented by any procedures attached to an applicable Authorized Participant Agreement, to the extent those procedures are consistent with this Agreement. Authorized Participants wishing to acquire from the Trustee one or more Baskets must place an order with the Trustee (a "Purchase Order"). Purchase Orders received by the Trustee prior to the Order Cutoff Time on a New York Business Day will have that day as the Order Date. Purchase Orders received on a day that is not a New York Business Day or received after the Order Cutoff Time on a New York Business Day will have the next following New York Business Day as the Order Date. The "Settlement Date" for a Purchase Order shall be occur on the earliest date that is no less than the third New York Business Day and the third London Business Day following the Order Date unless that day is not a London Business Day, in which case the Settlement Date shall be the next following day that is both a New York Business Day and a London Business DayDate. As consideration for each Basket acquired, Authorized Participants must deposit with the Depository Depository, for credit to the Deposit Account, the Basket Euro Amount determined by the Trustee on the Business Day prior to the Settlement Date for the corresponding Purchase Order. The Basket Euro Amount shall must be deposited in Delivered to the Interest Account; provided, however, that the Trustee shall withdraw from the Interest Account and deposit in the Non-Interest Account an amount which represents a pro rata share of accrued but unpaid interest pursuant to Section 6.5Depository. (b) The Trustee shall determine the Basket Euro Amount for each New York Business Day. The initial "Basket Euro Amount" is 5,000,000 Euro. After the initial deposit, the "Basket Euro Amount" shall be an amount of Euro equal to the quotient obtained by dividing the NAV per Basket on the date on which the determination is being made by the Relevant Price on such date. For purposes of this computation, "NAV per Basket" is the product obtained by multiplying (x) the NAV per Share determined in compliance with Section 4.1, by (y) the number of Shares which constitute a Basket on the date on which the determination is being made. Fractions of a Euro smaller than .001 shall be disregarded. The Sponsor intends to publish, or may designate other persons to publish, for each New York Business Day, the Basket Euro Amount. (c) If the Trust Property includes Surplus Property, no deposits of Euro will be accepted until after a record date for distribution of that money or property, or proceeds from that property, has passed. (d) All deposited Euro shall be owned by the Trust and held for the Trust by the Depository in the Interest Account or the Non-Interest Account. Any assets of the Trust other than Euro shall be held by the Trustee or the Depository at such place and in such manner as the Trustee shall determine.per