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Common use of Establish Procedures Clause in Contracts

Establish Procedures. Procedures applicable to the transfer agent services to be performed hereunder may be established from time to time by agreement between the Trust and Bank. Bank shall have the right to utilize any shareholder accounting and record-keeping systems that, in its opinion, enables it to perform any services to be performed hereunder. Following are the Index Receipt Agent services that shall be provided by Bank for the Trust in respect of each Fund. Bank shall perform these services as Index Receipt Agent in conjunction with the custody services that are currently provided by Bank, as Custodian, to each Fund under the terms of the Custody Agreement. Bank shall be entitled to all the protective provisions in the Custody Agreement in respect of its duties and its performance as Index Receipt Agent and Custodian for the settlement of issuances and redemptions of Creation Units of each Fund. If there are any inconsistencies between the terms of the Custody Agreement and the terms herein with respect to processing, clearance and the settlement of issuance and redemption orders for Shares of each Fund, the terms herein shall govern.

Appears in 1 contract

Samples: Agency Services Agreement (ETFS Collateralized Commodities Trust)

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Establish Procedures. Procedures applicable to the transfer agent services to be performed hereunder may be established from time to time by agreement between the Trust and Bank. Bank shall have the right to utilize any shareholder accounting and record-keeping systems that, in its opinion, enables it to perform any services to be performed hereunder. Following are the Index Receipt Agent services that shall be provided by Bank for the Trust in respect of each FundFund and their respective ETF Series. Bank shall perform these services as Index Receipt Agent in conjunction with the custody services that are currently provided by Bank, as Custodian, to each Fund under the terms of the Custody Agreement. Bank shall be entitled to all the protective provisions in the Custody Agreement in respect of its duties and its performance as Index Receipt Agent and Custodian for the settlement of issuances and redemptions of Creation Units of each FundETF Series. If there are any inconsistencies between the terms of the Custody Agreement and the terms herein with respect to processing, clearance and the settlement of issuance and redemption orders for ETF Shares of each Fund, ETF Series the terms herein shall govern.

Appears in 1 contract

Samples: Agency Services Agreement (FocusShares Trust)

Establish Procedures. Procedures applicable to the transfer agent services to be performed hereunder may be established from time to time by agreement between the Trust and Bank. Subject to approval by the Trust, Bank shall have the right to utilize any shareholder accounting and record-keeping systems that, in its opinion, enables it to perform any services to be performed hereunder. Following are the Index Receipt Agent services that shall be provided by Bank for the Trust in respect of each FundFund and their respective ETF Series. Bank shall perform these services as Index Receipt Agent in conjunction with the custody services that are currently provided by Bank, as Custodian, to each Fund under the terms of the Custody Agreement. Bank shall be entitled to all the protective provisions in the Custody Agreement in with respect of to its duties and its performance as Index Receipt Agent and Custodian for the settlement of issuances purchases and redemptions of Creation Units of each FundETF Series. If there are any inconsistencies between the terms of the Custody Agreement and the terms herein with respect to processing, clearance and the settlement of issuance purchase and redemption orders for ETF Shares of each FundETF Series, the terms herein shall govern.

Appears in 1 contract

Samples: Agency Services Agreement (Ziegler Exchange Traded Trust)

Establish Procedures. Procedures applicable to the transfer agent services to be performed hereunder may be established from time to time by agreement between the Trust and Bank. Bank shall have the right to utilize any shareholder accounting and record-keeping systems that, in its opinion, enables it to perform any services to be performed hereunder. Following are the Index Receipt Agent services that shall be provided by Bank for the Trust in respect of each FundFund and their respective ETF Series. Bank shall perform these services as Index Receipt Agent in conjunction with the custody services that are currently provided by Bank, as Custodian, to each Fund under the terms of the Custody Agreement. Bank shall be entitled to all the protective provisions in the Custody Agreement in respect of its duties and its performance as Index Receipt Agent and Custodian for the settlement of issuances purchases and redemptions of Creation Units of each FundETF Series. If there are any inconsistencies between the terms of the Custody Agreement and the terms herein with respect to processing, clearance and the settlement of issuance purchase and redemption orders for ETF Shares of each Fund, ETF Series the terms herein shall govern.

Appears in 1 contract

Samples: Agency Services Agreement (FocusShares Trust)

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Establish Procedures. Procedures applicable to the transfer agent services to be performed hereunder may be established from time to time by agreement between the Trust and Bank. Bank shall have the right to utilize any shareholder accounting and record-keeping systems that, in its reasonable opinion, enables it to perform any services to be performed hereunder. Following are the Index Receipt Agent services that shall be provided by Bank for the Trust in respect of each FundFund and their respective ETF Series. Bank shall perform these services as Index Receipt Agent in conjunction with the custody services that are currently provided by Bank, as Custodian, to each Fund under the terms of the Custody Agreement. Bank shall be entitled to all the protective provisions in the Custody Agreement in respect of its duties and its performance as Index Receipt Agent and Custodian for the settlement of issuances purchases and redemptions of Creation Units of each FundETF Series. If there are any inconsistencies between the terms of the Custody Agreement and the terms herein with respect to processing, clearance and the settlement of issuance purchase and redemption orders for NETS Shares of each Fund, ETF Series the terms herein shall govern.

Appears in 1 contract

Samples: Agency Services Agreement (NETS Trust)

Establish Procedures. Procedures applicable to the transfer agent services to be performed hereunder may be established from time to time by agreement between the Trust and Bank. Bank shall have the right to utilize any shareholder accounting and record-keeping systems that, in its opinion, enables it to perform any services to be performed hereunder. ETF Agency Services Agreement – March 2010 version Following are the Index Receipt Agent services that shall be provided by Bank for the Trust in respect of each FundFund and their respective ETF Series. Bank shall perform these services as Index Receipt Agent in conjunction with the custody services that are currently provided by Bank, as Custodian, to each Fund under the terms of the Custody Agreement. Bank shall be entitled to all the protective provisions in the Custody Agreement in respect of its duties and its performance as Index Receipt Agent and Custodian for the settlement of issuances and redemptions of Creation Units of each FundETF Series. If there are any inconsistencies between the terms of the Custody Agreement and the terms herein with respect to processing, clearance and the settlement of issuance and redemption orders for ETF Shares of each Fund, ETF Series the terms herein shall govern.

Appears in 1 contract

Samples: Agency Services Agreement (FocusShares Trust)

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