Common use of Global Certificate Only Clause in Contracts

Global Certificate Only. Unless otherwise authorized by the General Partner, Certificates for Units will not be issued, other than the one or more Global Certificates issued to the Depository. So long as the Depository Agreement is in effect, Creation Baskets will be issued and redeemed and Units will be transferable solely through the book-entry systems of the Depository and the DTC Participants and their Indirect Participants as more fully described below.

Appears in 24 contracts

Samples: Limited Partnership Agreement (United States 12 Month Oil Fund, LP), Limited Partnership Agreement (United States Natural Gas Fund, LP), Limited Partnership Agreement (United States Diesel-Heating Oil Fund, LP)

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Global Certificate Only. Unless otherwise authorized by the General Partner, Certificates for Units will not be issued, other than the one or more Global Certificates issued to the Depository. So long as the Depository Agreement is in effect, Creation Baskets will be issued and redeemed and Units will be transferable solely through the book-entry systems of the Depository and the DTC Participants and their Indirect Participants as more fully described below.

Appears in 1 contract

Samples: Limited Partnership Agreement (United States Oil Fund, LP)

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