Common use of Global Certificate Only Clause in Contracts

Global Certificate Only. Certificates for Shares will not be issued, other than the Global Certificate for Shares issued to the Depository. So long as the Depository Arrangement is in effect, Shares will be issued, redeemed and transferable solely through the book-entry systems of the Depository and the DTC Participants and their Indirect Participants as more fully described in Section 3.3. The Depository may determine to discontinue providing its service with respect to the Shares by giving notice to the Manager pursuant to and in conformity with the terms of the Depository Arrangement and discharging its responsibilities with respect thereto under applicable law. Under such circumstances, the Manager shall take action either to find a replacement for the Depository to perform its functions at a reasonable cost and on terms acceptable to the Manager or, if such a replacement is unavailable, to terminate the Trust.

Global Certificate Only. Certificates for Shares will not be issued, other than the Global Certificate for Shares issued to the Depository. So long as the Depository Arrangement Agreement is in effect, Shares will be issued, redeemed and transferable solely through the book-entry systems of the Depository and the DTC Participants and their Indirect Participants as more fully described in Section 3.3. The Depository may determine to discontinue providing its service with respect to the Shares by giving notice to the Manager pursuant to and in conformity with the terms provisions of the Depository Arrangement Agreement and discharging its responsibilities with respect thereto under applicable law. Under such circumstances, the Manager shall take action either to find a replacement for the Depository to perform its functions at a reasonable cost and on terms acceptable to the Manager or, if such a replacement is unavailable, to terminate the Trust.

Global Certificate Only. Certificates for Shares will not be issued, other than the Global Certificate for Shares issued to the Depository. [So long as the Depository Arrangement is in effect, Shares will be issued, redeemed and transferable solely through the book-entry systems of the Depository and the DTC Participants and their Indirect Participants as more fully described in Section 3.3. .] The Depository may determine to discontinue providing its service with respect to the Shares by giving notice to the Manager pursuant to and in conformity with the terms of the Depository Arrangement and discharging its responsibilities with respect thereto under applicable law. Under such circumstances, the Manager shall take action either to find a replacement for the Depository to perform its functions at a reasonable cost and on terms acceptable to the Manager or, if such a replacement is unavailable, to terminate the Trust.