Common use of For International Funds Clause in Contracts

For International Funds. The Authorized Participant hereby agrees that as between the Trust and itself in connection with a Purchase Order for any International Fund, it will make available in same day funds for each purchase of Shares the Cash Amount as described in Section 7(a) above which shall be made via fed funds wire to an account maintained by the Custodian and shall be provided in same day or immediately available funds at least one Business Day before Contractual Settlement Date. The Authorized Participant hereby agrees to ensure that the Cash Amount will be received by the Trust on or before the Contractual Settlement Date, and in the event payment of such Cash Amount has not been made by such Contractual Settlement Date, the Authorized Participant agrees on behalf of itself or any party for which it acts in connection with a Purchase Order to pay the full Cash Amount, plus interest, computed at such reasonable rate as most recently specified by the Trust to the Authorized Participant. The Authorized Participant may require its customer to enter into a written agreement with the Authorized Participant with respect to such matters.