Execution of Purchase Orders. a. To effect the purchase of a Creation Unit of a Fund, the Participant shall deliver a Fund Deposit plus a purchase transaction fee (as described in the Fund Documents) to the relevant Fund. The amount of such purchase transaction fee shall be determined by the Trust or the investment advisor to the Trust (the “Advisor”) in accordance with the Fund Documents and may be changed from time to time in accordance with this Agreement.
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Samples: Authorized Participant Agreement (Manager Directed Portfolios), Authorized Participant Agreement (Listed Funds Trust), Authorized Participant Agreement (Manager Directed Portfolios)
Execution of Purchase Orders. a. To effect the purchase of a Creation Unit of a Fund, the Participant shall (on behalf of itself and any Participant Client) deliver a Fund Deposit plus a purchase transaction fee (as described in the Fund Documents) to the relevant Fund. The amount of such purchase transaction fee shall be determined by (and in the sole discretion of) the Trust or the investment advisor to the Trust (the “Advisor”) in accordance with the Fund Documents and may be changed from time to time in accordance with this Agreementtime.
Appears in 3 contracts
Samples: Authorized Participant Agreement (TrimTabs ETF Trust), Authorized Participant Agreement (FactorShares Trust), Authorized Participant Agreement (ETF Series Solutions)
Execution of Purchase Orders. a. To effect the purchase of a Creation Unit of a Fund, the Participant shall deliver a Fund Deposit plus a purchase transaction fee (as described in the Fund Documents) to the relevant Fund. The amount of such purchase transaction fee shall be determined by the Trust Company or the investment advisor to the Trust (the “Advisor”) an Advisor in accordance with the Fund Documents and may be changed from time to time in accordance with this Agreement.
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