Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the investment adviser for the Portfolios, the Custodian shall determine for each Portfolio after the end of each trading day on the New York Stock Exchange (the “NYSE”), in accordance with the respective Portfolio’s policies as adopted from time to time by the Board and in accordance with the procedures set forth in the Prospectus, (i) the identity and weighting of the securities in the Deposit Securities and the Fund Securities, (ii) the Cash Component, and (iii) the amount of cash redemption proceeds (all as defined in the Prospectus) required for the issuance or redemption, as the case may be, of Shares in Creation Unit aggregations of such Portfolio on such date. The Custodian shall provide or cause to be provided this information to the Portfolios’ distributor and other persons according to the policy established by the Board and shall disseminate such information on each day that the NYSE is open, including through the facilities of the National Securities Clearing Corporation, prior to the opening of trading on the NYSE. The parties acknowledge and agree that this Section 2.14 applies to the Pyxis ETFs only.
Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the Investment Manager, the Custodian shall determine for each Client after the end of each trading day on the [_________](the “Exchange”), in accordance with Board policies and the procedures set forth in the Prospectus, (i) the identity and weighting of the securities in the Deposit Securities and the Fund Securities, (ii) the cash component, and (iii) the amount of cash redemption proceeds (all as described in the Prospectus) required for the issuance or redemption, as the case may be, of Creation Units on such date. The Custodian shall provide or cause to be provided this information to the Client’s distributor and other persons as instructed according to Board policies and shall disseminate such information on each day that the Exchange is open, including through the facilities of the National Securities Clearing Corporation (the “NSCC”), prior to the opening of trading on the Exchange.
Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the Investment Manager, the Custodian shall determine for each Fund after the end of each trading day on the NYSE Arca (the “Exchange”), in accordance with Board policies and the procedures set forth in the Prospectus, (i) the identity and weighting of the securities in the Deposit Securities and the Fund Securities, (ii) the cash component, and (iii) the amount of cash redemption proceeds (all as described in the Prospectus) required for the issuance or redemption, as the case may be, of Creation Units on such date. The Custodian shall provide or cause to be provided this information to the Fund’s distributor and other persons as instructed according to Board policies and shall disseminate such information on each day that the Exchange is open, including through the facilities of the National Securities Clearing Corporation (the “NSCC”), prior to the opening of trading on the Exchange. Information Classification: Limited Access
Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the Managing Owner, the Custodian shall determine for each Trust after the end of each trading day on the New York Stock Exchange (the “NYSE”), in accordance with the respective Trust’s policies as adopted from time to time by the Board and in accordance with the procedures set forth in the Prospectus, (i) the value of the subscription Basket, and (iii) the amount of cash redemption proceeds required for the issuance or redemption, as the case may be, of shares in Basket aggregations of such Trust on such date. The Custodian shall provide or cause to be provided this information to the Trust’s distributor and other persons according to the policy established by the Board and shall disseminate such information on each day that the NYSE is open, including through the facilities of the National Securities Clearing Corporation, prior to the opening of trading on the NYSE.
Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the investment adviser for the Fund, the Custodian shall determine for each Fund after the end of each trading day on the New York Stock Exchange (the “NYSE”), in accordance with the respective Fund’s policies as adopted from time to time by the Board and in accordance with the procedures set forth in the Prospectus, (i) the identity and weighting of the securities in the Deposit Securities and the Fund Securities (each as defined in the Prospectus), (ii) the cash component, and (iii) the amount of cash redemption proceeds (all as defined in the Prospectus) required for the issuance or redemption, as the case may be, of Shares in Creation Unit aggregations of such Fund on such date. The Custodian shall provide or cause to be provided this information to the Fund’s distributor and other persons according to the policy established by the Board and shall disseminate such information on each day that the NYSE is open, including through the facilities of the National Securities Clearing Corporation, prior to the opening of trading on the NYSE.
Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the Investment Adviser, the Custodian shall determine for each Fund after the end of each trading day on the New York Stock Exchange, in accordance with the respective Fund’s policies as adopted from time to time by the Board and in accordance with the procedures set forth in the currently effective prospectus, the identity and weighting of the securities, other instruments and/or cash in the Basket required for the issuance or redemption, as the case may be, of Shares in Creation Unit aggregations of such Fund on such date. The Custodian shall provide or cause to be provided this information to the Funds’ distributor and other persons as instructed according to the policies established by the Board and shall disseminate such information on each day that the New York Stock Exchange is open, including through the facilities of the National Securities Clearing Corporation (the “NSCC”), prior to the opening of trading on the New York Stock Exchange.
Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the Sponsor on behalf of any Fund and with the assistance of each Fund’s administrator and investment advisor, the Custodian shall determine for each Fund after the end of each trading day on the NASDAQ OMX, in accordance with the Trust Agreement and the policies and procedures set forth in each Fund’s Prospectus, (i) the amount of cash deposit to create a Creation Unit of each Fund and (ii) the amount of cash proceeds payable upon redemption of a Creation Unit of each Fund on such date. The Custodian shall provide or cause to be provided this information to the Sponsor and other persons according to the instructions of the Sponsor and shall disseminate such information on each day the NASDAQ OMX is open, including through the facilities of the National Securities Clearing Corporation, prior to the opening of trading on the NASDAQ OMX.
Determination of Fund Deposit, etc. Subject to and in accordance with directions from the investment adviser for the Portfolios, the Custodian will determine for each Portfolio after the end of each trading day on the New York Stock Exchange (the “NYSE”), in accordance with the respective Portfolio’s policies as adopted from time to time by the Board and in accordance with the procedures set forth in the Prospectus and Statement of Additional Information, (i) the identity and weighting of the securities in the Deposit Securities and the Fund Securities, (ii) the cash component, and (iii) the amount of cash redemption proceeds (all as further described in the Statement of Additional Information) required for the issuance or redemption, as the case may be, of Shares in Creation Unit aggregations of the Portfolio on such date. The Custodian will provide (or cause to be provided) this information to such persons as instructed according to the policies established by the Board, and will disseminate such information prior to the opening of trading on the NYSE on each day that the NYSE is open, including through the facilities of the National Securities Clearing Corporation (“NSCC”).
Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the investment adviser for the Funds, the Custodian shall determine for each Fund after the end of each trading day on the New York Stock Exchange, in accordance with the respective Fund’s policies as adopted from time to time by the Board of Trustees and in accordance with the procedures set forth in the Prospectus, (i) the identity and weighting of the securities in the Deposit Securities and the Fund Securities, (ii) the Cash Component (including the Dividend Equivalent Amount), and (iii) the amount of cash redemption proceeds (all as defined in the Registration Statement) required for the issuance or redemption, as the case may be, of Shares in Creation Unit aggregations of such Fund on such date. The Custodian shall provide or cause to be provided this information to the Funds’ distributor and other persons according to the policy established by the Trust’s Board of Trustees and shall disseminate such information on each day that the American Stock Exchange is open, including through the facilities of the National Securities Clearing Corporation, prior to the opening of trading on the American Stock Exchange.
Determination of Fund Deposit, etc. Subject to and in accordance with the directions of the Investment Manager, the Custodian shall determine for each Client after the end of each trading day on the NYSE Arca, Inc. (the “Exchange”), in accordance with Client policies and the procedures set forth in the Prospectus, (i) the identity and weighting of the securities in the Deposit Securities and the Fund Securities, (ii) the cash component, and (iii) the amount of cash redemption proceeds (all as described in the Prospectus and Statement of Additional Information) required for the issuance or redemption, as the case may be, of Creation Units on such date. The Custodian shall provide or cause to be provided this information to the Client’s distributor and other persons as instructed according to Client policies and procedures and shall disseminate such information on each day that the Exchange is open, including through the facilities of the National Securities Clearing Corporation (the “NSCC”), prior to the opening of trading on the Exchange.
