Common use of Domestic Clause in Contracts

Domestic. The DTC Participant notified of acknowledgement of a request to redeem Shares outside the Trust’s Clearing Process shall be required to effect a transfer to the Transfer Agent (a) the requisite number of Shares through DTC no later than the NYSE Closing Time on the next Business Day immediately following the Business Day on which such order is received in proper form (as described in the Prospectus) by the Transfer Agent and (b) the Cash Redemption Amount, if any, through the Federal Reserve Bank wire system or the DTCC Security Payment Order system, by no later than 11:00 a.m., Eastern time on the next Business Day immediately following the Business Day on which such order is received in proper form (as described in the Prospectus) by the Transfer Agent.

Appears in 10 contracts

Samples: Participant Agreement (PowerShares Exchange-Traded Fund Trust II), Participant Agreement (PowerShares Exchange-Traded Fund Trust II), Participant Agreement (PowerShares Exchange-Traded Fund Trust II)

AutoNDA by SimpleDocs

Domestic. The DTC Participant notified of acknowledgement acknowledgment of a request to redeem Trust Shares outside the Trust’s Clearing Process shall be required to effect a transfer to the Transfer Agent (a) the requisite number of Trust Shares through DTC no later than the NYSE Closing Time on the next Business Day immediately following the Business Day on which such order is received in proper form (as described in the Prospectus) by the Transfer Agent and (b) the Cash Redemption Amount, if any, through the Federal Reserve Bank wire system or the DTCC Security Payment Order system, by no later than 11:00 a.m.2:00 p.m., Eastern time on the next Business Day immediately following the Business Day on which such order is received in proper form (as described in the Prospectus) by the Transfer Agent.

Appears in 7 contracts

Samples: Transfer Agency and Service Agreement (Powershares Actively Managed Exchange-Traded Fund Trust), Transfer Agency and Service Agreement (Powershares Actively Managed Exchange-Traded Fund Trust), Transfer Agency and Service Agreement (Powershares Actively Managed Exchange-Traded Fund Trust)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!