Common use of Effectiveness and Termination Clause in Contracts

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Sale, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i); (ii) upon notice to the Authorized Participant by the Trustee in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 70 contracts

Samples: Participant Agreement (Invesco CurrencyShares Canadian Dollar Trust), Participant Agreement (Invesco CurrencyShares Singapore Dollar Trust), Participant Agreement (Invesco CurrencyShares Euro Trust)

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Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i); (ii) upon written notice to the Authorized Participant by the Trustee Sponsor in the event of a material breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j16(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement. This Agreement supersedes any prior agreement between the parties hereto with respect to the subject matter contained herein.

Appears in 9 contracts

Samples: Authorized Participant Agreement, Trust Authorized Participant Agreement (Vs Trust), Authorized Participant Agreement (ConvexityShares Trust)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) calendar days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee Managing Owner in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j17(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement. Termination of this Agreement by any Fund shall not constitute termination by any other Fund unless separate notice is given.

Appears in 9 contracts

Samples: Invesco Db Multi (Invesco DB Multi-Sector Commodity Trust), Invesco Db Multi (Invesco DB Multi-Sector Commodity Trust), Invesco Db Multi (Invesco DB Multi-Sector Commodity Trust)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee Managing Owner in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j17(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 7 contracts

Samples: Participant Agreement, Participant Agreement (DB Commodity Index Tracking Master Fund), Participant Agreement (Db Currency Index Value Master Fund)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j20(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 6 contracts

Samples: Participant Agreement (SPDR Gold Trust), Participant Agreement (SPDR Gold Trust), Participant Agreement (SPDR Gold Trust)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) calendar days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i); (ii) upon notice to the Authorized Participant by the Trustee Sponsor in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j); or (ivii) at such time as all of the Trust is Trusts have been terminated pursuant to the their respective Trust AgreementAgreements.

Appears in 6 contracts

Samples: Master Participant Agreement (Grayscale Zcash Trust (ZEC)), Master Participant Agreement (Grayscale Ethereum Classic Trust (ETC)), Master Participant Agreement (Grayscale Ethereum Trust (ETH))

Effectiveness and Termination. Upon the execution of this Participants Agreement by the parties hereto, this Participants Agreement shall become effective in this form as of the Time of Sale, date first set forth above and may be terminated at any time by any party upon thirty (30) days days' prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); , (ii) upon notice to the Authorized Participant by the Trustee in the event of a breach by the Authorized Participant of this Participants Agreement or the procedures Procedures described or incorporated herein; , (iii) immediately in the circumstances described in Section 18(j21(j); , or (iv) at such time as the Trust is Paired Holding Trusts are terminated pursuant to the Holding Trust AgreementAgreements.

Appears in 5 contracts

Samples: Participants Agreement (MACRO Securities Depositor, LLC), Participants Agreement (MACRO Securities Depositor, LLC), Participants Agreement (MACROshares Oil Down Tradeable Trust)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee Managing Owner in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j17(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement. Termination of this Agreement by any Fund shall not constitute termination by any other Fund unless separate notice is given.

Appears in 4 contracts

Samples: Participant Agreement, Participant Agreement (PowerShares DB Multi-Sector Commodity Trust), Participant Agreement (DB US Dollar Index Master Trust)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) calendar days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee Managing Owner in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j17(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 3 contracts

Samples: Invesco Db Commodity Index Tracking Fund Participant Agreement (Invesco DB Commodity Index Tracking Fund), Currency Harvest Fund Participant Agreement (Invesco DB G10 Currency Harvest Fund), Participant Agreement

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 3 contracts

Samples: Participant Agreement (Euro Currency Trust), Participant Agreement (Euro Currency Trust), Participant Agreement (Euro Currency Trust)

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Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) calendar days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i); (ii) upon notice to the Authorized Participant by the Trustee Sponsor in the event of a breach by the Authorized Participant (or its Liquidity Provider) of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j); or (ivii) at such time as all of the Trust is Trusts have been terminated pursuant to their respective Trust Agreements or (iii) as mutually agreed upon in writing by the Trust Agreementparties hereto.

Appears in 3 contracts

Samples: Master Participant Agreement (Grayscale Filecoin Trust (FIL)), Master Participant Agreement (Grayscale Ethereum Classic Trust (ETC)), Master Participant Agreement (Grayscale Ethereum Trust (ETH))

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j19(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 2 contracts

Samples: Agreement (Equity Gold Trust), Agreement (Equity Gold Trust)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this This Agreement shall become effective in this form as of the Time of Saledate accepted by the Trustee, which is set forth on the signature page hereto, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i)2; (ii) upon notice to the Authorized Participant by the Trustee in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; or (iii) immediately in the circumstances described in Section 18(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Account Agreement (Equity Gold Trust)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this This Agreement shall become effective in this form as of the Time of Saledate accepted by the Trustee, which is set forth on the signature page hereto, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j19(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Agreement (Equity Gold Trust)

Effectiveness and Termination. Upon the execution of this Agreement by the parties hereto, this Agreement shall become effective in this form as of the Time of Saledate first set forth above, and may be terminated at any time by any party upon thirty (30) days prior written notice to the other parties unless earlier terminated: (i) in accordance with Section 2(a)(i2(a); (ii) upon notice to the Authorized Participant by the Trustee Managing Owner in the event of a breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j20(j); or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Fund Participant Agreement (DB Commodity Index Tracking Master Fund)

Effectiveness and Termination. Upon the execution of this Agreement by the parties heretoParties, this Agreement shall become effective in this form as of the Time of Saledate first set forth below, and may be terminated at any time by any party Party upon thirty five (305) days prior written notice to the other parties Parties unless earlier terminated: (i) in accordance with Section 2(a)(i1(a)(ii); (ii) upon written notice to the Authorized Participant by the Trustee Sponsor in the event of a material breach by the Authorized Participant of this Agreement or the procedures described or incorporated herein; (iii) immediately in the circumstances described in Section 18(j)21; or (iv) at such time as the Trust is terminated pursuant to the Trust Agreement.

Appears in 1 contract

Samples: Authorized Participant Agreement (WisdomTree Bitcoin Fund)

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