Common use of Index Receipt Agent Services Clause in Contracts

Index Receipt Agent Services. 1. Index Receipt Agent, with the assistance of the Trust, shall make application to NSCC to be the Index Receipt Agent on behalf of the Trust and each ETF Series for the processing, clearance and the settlement of creation and redemption orders for ETF Shares of each ETF Series and Creation Deposits through the facilities of NSCC and DTC. The Trust, on behalf of each ETF Series, understands and agrees to be bound by all the rules and procedures of NSCC and DTC, as though it were the member or participant of such clearing and settlement systems. 2. The Distributor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized Participant, which J.X. Xxxxxx in its capacity as Index Receipt Agent shall acknowledge. 3. Index Receipt Agent will set up the each ETF Series for processing, clearing and settlement within the Clearing Process or Outside of the Clearing Process. This set up is not subject to change on an ad hoc basis. 4. In connection with the procedures that may be established from time to time between Index Receipt Agent and the Trust on behalf of each ETF Series for the processing, clearance and settlement of the creation and redemption of Creation Units through the Clearing Process, Index Receipt Agent shall: (a) receive daily from the Investment Adviser or from J.X. Xxxxxx as basket creation agent pursuant to Appendix B - Schedule 1, a computer generated file that is in form and substance acceptable to NSCC containing a list of the Deposit Securities or Redemption Securities for each ETF Series (including both standard and customized baskets) and transmit the file as received by Index Receipt Agent to NSCC. Each such file received by Index Receipt Agent shall contain the CUSIP number of the particular ETF Series. Prior to Index Receipt Agent’s delivery to NSCC of these computer generated files, Bank shall remove from them their identifying CUSIP numbers and post these orders to J.X. Xxxxxx’x custody system for settlement to the Bank’s designated participant account at DTC; (b) receive from Order Taker daily, a computer generated file that is in form and substance acceptable to NSCC containing the Balancing Amount and the Transaction Fee for each ETF Series; (c) transmit both of these files (a) and (b) as received to the NSCC; (d) at the appropriate times, cause to be paid to Authorized Participants Balancing Amounts on the creation or redemption of Creation Units, as instructed by Order Taker on behalf of each ETF Series. (e) receive back from NSCC the file of creation orders and/or redemption enhanced with NSCC generated prices for the Deposit Securities contained in the file and deliver the enhanced file to ETF Agency Services Agreement - August 2021 Custodian for settlement; and, (i) pursuant to any such creation order, instruct the Transfer Agent to issue the appropriate number of ETF Shares of the applicable ETF Series for deposit to the Custodian’s DTC Participant Account and (ii) pursuant to any such redemption order, instruct the Transfer Agent to redeem the appropriate number of ETF Shares of the applicable ETF Series in Creation Units and reduce the account of the Shareholder accordingly. 5. The Trust understands and agrees that all risk associated with the processing, clearance and settlement of the creation and redemption of ETF Shares, Deposit Securities and Redemption Securities and cash through the Clearing Process shall be that of the Trust and each ETF Series regardless of whether in effecting such creations and redemptions Index Receipt Agent, as a member of NSCC, is acting as principal or as agent, in respect hereof, the Trust and each Series, shall be bound by all the rules and procedures of NSCC and DTC as though it were the member or participant of such clearing and settlement systems.

Appears in 1 contract

Samples: Agency Services Agreement (DoubleLine ETF Trust)

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Index Receipt Agent Services. 1. Index Receipt Agent, with the assistance of the Trust, shall make application to NSCC to be the Index Receipt Agent on behalf of the Trust and each ETF Series for the processing, clearance and the settlement of creation and redemption orders for ETF Shares of each ETF Series and Creation Deposits through the facilities of NSCC and DTC. The Trust, on behalf of each ETF Series, understands and agrees to be bound by all the rules and procedures of NSCC and DTC, as though it were the member or participant of such clearing and settlement systems. 2. The DistributorSponsor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized ParticipantParticipant and other specified counterparties providing collateralized commodity exposure for a particular Fund, which J.X. shall be delivered to the X.X. Xxxxxx and which X.X. Xxxxxx, in its capacity as Index Receipt Agent Agent, shall acknowledge. 3. Index Receipt Agent will set up the each ETF Series for processing, clearing and settlement within the Clearing Process or Outside of the Clearing Process. This set up is not subject to change on an ad hoc basis. 42. In connection with the procedures that may be established from time to time between Index Receipt Agent X.X. Xxxxxx and the Trust on behalf of each ETF Series Fund for the processing, clearance and settlement of the creation and redemption of Creation Units through the Clearing ProcessUnits, Index Receipt Agent X.X. Xxxxxx shall: (a) receive daily from the Investment Adviser or from J.X. Xxxxxx as basket creation agent pursuant to Appendix B - Schedule 1, Order Taker on each trade date a computer generated file (Create/Redeem File) that is in form contains creation orders from Authorized Participants that have been received and substance acceptable to NSCC containing a list accepted by the Sponsor on behalf of the Deposit Securities or Redemption Securities Trust and each Fund, for each ETF Series (including both standard and customized baskets) and transmit the file as received by Index Receipt Agent to NSCC. Each such file received by Index Receipt Agent shall contain the CUSIP number of the particular ETF Series. Prior to Index Receipt Agent’s delivery to NSCC of these computer generated files, Bank shall remove from them their identifying CUSIP numbers and post these orders to J.X. Xxxxxx’x custody system for settlement to the Bank’s designated participant account at DTC; (b) receive from Order Taker daily, a computer generated file that is in form and substance acceptable to NSCC containing the Balancing Amount and the Transaction Fee for each ETF Series; (c) transmit both of these files (a) and (b) as received to the NSCC; (d) at the appropriate times, cause to be paid to Authorized Participants Balancing Amounts on the creation or redemption issuance of Creation Units, as instructed by Order Taker on behalf of each ETF Series. (e) receive back from NSCC the file of creation orders and/or redemption enhanced with NSCC generated prices for the Deposit Securities contained in the file ; and deliver the enhanced file to ETF Agency Services Agreement - August 2021 Custodian for settlement; and, (i) pursuant to any such creation orderorders, instruct the Transfer Agent to issue create the appropriate number of ETF Shares of the applicable ETF Series Fund for deposit into the Fund custody account and delivery to the Authorized Participant’s DTC Participant Account on a free [of payment] basis; (b) The Authorized Participant will instruct the receipt of the above Shares from the Custodian’s DTC Participant Account on a free (of payment) basis and wire the USD value of the Creation Units to the designated Counterparty. The Sponsor will instruct X.X. Xxxxxx to release the Shares to the Authorized Participants account at DTC. . The Counterparty will deliver collateral to the collateral account. (iic) receive from the Order Taker on each trade date a computer generated file (Create/Redeem File) that contains redemption orders from Authorized Participants that have been received and accepted by the Sponsor on behalf of the Trust for each Fund; and deliver the enhanced file to Custodian for settlement; and, pursuant to any such redemption orderorders, instruct the Transfer Agent to withdraw from the Fund custody account and redeem the appropriate number of ETF Shares of the applicable ETF Series Fund in Creation Units and reduce the account of the Shareholder accordingly.; and 5(d) The Authorized Participant will instruct the delivery of the above Shares to the Custodian’s DTC Participant Account on a free (of payment) basis . The Trust understands and agrees that all risk associated with Counterparty will receive collateral from the processing, clearance and settlement collateral account. The Sponsor will notify the Counterparty to wire the USD value of the creation and redemption of ETF Shares, Deposit Securities and Redemption Securities and cash through Creation Units to the Clearing Process shall be that of the Trust and each ETF Series regardless of whether in effecting such creations and redemptions Index Receipt Agent, as a member of NSCC, is acting as principal or as agent, in respect hereof, the Trust and each Series, shall be bound by all the rules and procedures of NSCC and DTC as though it were the member or participant of such clearing and settlement systemsAuthorized Participant.

Appears in 1 contract

Samples: Agency Services Agreement (ETFS Collateralized Commodities Trust)

Index Receipt Agent Services. 1. Index Receipt Agent, with the assistance of the Trust, shall make application to NSCC to be the Index Receipt Agent on behalf of the Trust and each ETF Series for the processing, clearance and the settlement of creation and redemption orders for ETF Shares of each ETF Series and Creation Deposits through the facilities of NSCC and DTC. The Trust, on behalf of each ETF Series, understands and agrees to be bound by all the rules and procedures of NSCC and DTC, as though it were the member or participant of such clearing and settlement systems. 2. The Distributor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized Participant, which J.X. X.X. Xxxxxx in its capacity as Index Receipt Agent shall acknowledge. 3. Index Receipt Agent will set up the each ETF Series for processing, clearing and settlement within the Clearing Process or Outside of the Clearing Process. This set up is not subject to change on an ad hoc basis. 4. In connection with the procedures that may be established from time to time between Index Receipt Agent and the Trust on behalf of each ETF Series for the processing, clearance and settlement of the creation and redemption of Creation Units through the Clearing Process, Index Receipt Agent shall: (a) receive daily from the Investment Adviser or from J.X. X.X. Xxxxxx as basket creation agent pursuant to Appendix B - Schedule 1, a computer generated file that is in form and substance acceptable to NSCC containing a list of the Deposit Securities or Redemption Securities for each ETF Series (including both standard and customized baskets) and transmit the file as received by Index Receipt Agent to NSCC. Each such file received by Index Receipt Agent shall contain the CUSIP number of the particular ETF Series. Prior to Index Receipt Agent’s delivery to NSCC of these computer generated files, Bank shall remove from them their identifying CUSIP numbers and post these orders to J.X. X.X. Xxxxxx’x custody system for settlement to the Bank’s designated participant account at DTC; (b) receive from Order Taker daily, a computer generated file that is in form and substance acceptable to NSCC containing the Balancing Amount and the Transaction Fee for each ETF Series; (c) transmit both of these files (a) and (b) as received to the NSCC; (d) at the appropriate times, cause to be paid to Authorized Participants Balancing Amounts on the creation or redemption of Creation Units, as instructed by Order Taker on behalf of each ETF Series. (e) receive back from NSCC the file of creation orders and/or redemption enhanced with NSCC generated prices for the Deposit Securities contained in the file and deliver the enhanced file to ETF Agency Services Agreement - August 2021 Custodian for settlement; and, (i) pursuant to any such creation order, instruct the Transfer Agent to issue the appropriate number of ETF Shares of the applicable ETF Series for deposit to the Custodian’s DTC Participant Account and (ii) pursuant to any such redemption order, instruct the Transfer Agent to redeem the appropriate number of ETF Shares of the applicable ETF Series in Creation Units and reduce the account of the Shareholder accordingly. 5. The Trust understands and agrees that all risk associated with the processing, clearance and settlement of the creation and redemption of ETF Shares, Deposit Securities and Redemption Securities and cash through the Clearing Process shall be that of the Trust and each ETF Series regardless of whether in effecting such creations and redemptions Index Receipt Agent, as a member of NSCC, is acting as principal or as agent, in respect hereof, the Trust and each Series, shall be bound by all the rules and procedures of NSCC and DTC as though it were the member or participant of such clearing and settlement systems.

Appears in 1 contract

Samples: Agency Services Agreement (Morgan Stanley ETF Trust)

Index Receipt Agent Services. 1. Index Receipt Agent, with the assistance of the Trust, shall make application to NSCC to be the Index Receipt Agent on behalf of the Trust and each ETF Series for the processing, clearance and the settlement of creation and redemption orders for ETF Shares of each ETF Series and Creation Deposits through the facilities of NSCC and DTC. The Trust, on behalf of each ETF Series, understands and agrees to be bound by all the rules and procedures of NSCC and DTC, as though it were the member or participant of such clearing and settlement systems. 2. The Distributor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized Participant, which J.X. X.X. Xxxxxx in its capacity as Index Receipt Agent shall acknowledge. 3. Index Receipt Agent will set up the each ETF Series for processing, clearing and settlement within the Clearing Process or Outside of the Clearing Process. This set up is not subject to change on an ad hoc basis. 4. In connection with the procedures that may be established from time to time between Index Receipt Agent and the Trust on behalf of each ETF Series for the processing, clearance and settlement of the creation and redemption of Creation Units through the Clearing Process, Index Receipt Agent shall: : (a) receive daily from the Investment Adviser or from J.X. X.X. Xxxxxx as basket creation agent pursuant to Appendix Schedule B - Schedule Appendix 1, a computer generated file that is in form and substance acceptable to NSCC containing a list of the Deposit Securities or Redemption Securities for each ETF Series (including both standard and customized baskets) and transmit the file as received by Index Receipt Agent to NSCC. Each such file received by Index Receipt Agent shall contain the CUSIP number of the particular ETF Series. Prior to Index Receipt Agent’s delivery to NSCC of these computer generated files, Bank X.X. Xxxxxx shall remove from them their identifying CUSIP numbers and post these orders to J.X. X.X. Xxxxxx’x custody system for settlement to the Bank’s X.X. Xxxxxx’x designated participant account at DTC; (b) receive from Order Taker daily, a computer generated file that is in form and substance acceptable to NSCC containing the Balancing Amount and the Transaction Fee for each ETF Series; (c) transmit both of these files (a) and (b) as received to the NSCC; (d) at the appropriate times, cause to be paid to Authorized Participants Balancing Amounts on the creation or redemption of Creation Units, as instructed by Order Taker on behalf of each ETF Series. (e) receive back from NSCC the file of creation orders and/or redemption enhanced with NSCC generated prices for the Deposit Securities contained in the file and deliver the enhanced file to ETF Agency Services Agreement - August 2021 Custodian for settlement; and, (i) pursuant to any such creation order, instruct the Transfer Agent to issue the appropriate number of ETF Shares of the applicable ETF Series for deposit to the Custodian’s DTC Participant Account and (ii) pursuant to any such redemption order, instruct the Transfer Agent to redeem the appropriate number of ETF Shares of the applicable ETF Series in Creation Units and reduce the account of the Shareholder accordingly. 5. The Trust understands and agrees that all risk associated with the processing, clearance and settlement of the creation and redemption of ETF Shares, Deposit Securities and Redemption Securities and cash through the Clearing Process shall be that of the Trust and each ETF Series regardless of whether in effecting such creations and redemptions Index Receipt Agent, as a member of NSCC, is acting as principal or as agent, in respect hereof, the Trust and each Series, shall be bound by all the rules and procedures of NSCC and DTC as though it were the member or participant of such clearing and settlement systems.

Appears in 1 contract

Samples: Agency Services Agreement (Macquarie ETF Trust)

Index Receipt Agent Services. 1. Index Receipt Agent, with the assistance of the Trust, shall make application to NSCC to be the Index Receipt Agent on behalf of the Trust and each ETF Series for the processing, clearance and the settlement of creation and redemption orders for ETF Shares of each ETF Series and Creation Deposits through the facilities of NSCC and DTC. The Trust, on behalf of each ETF Series, understands and agrees to be bound by all the rules and procedures of NSCC and DTC, as though it were the member or participant of such clearing and settlement systems. 2. The Distributor, on behalf of the Trust, Distributor shall enter into an Authorized Participant Agreement with each Authorized Participant, which J.X. Xxxxxx in its capacity as Index Receipt Agent shall acknowledge. 3. Index Receipt Agent will set up the each ETF Series for processing, clearing and settlement within the Clearing Process or Outside of the Clearing Process. This set up is not subject to change on an ad hoc basis. 4. In connection with the procedures that may be established from time to time between Index Receipt Agent and the Trust on behalf of each ETF Series for the processing, clearance and settlement of the creation and redemption of Creation Units through the Clearing Process, Index Receipt Agent shall: (a) (i) receive daily from the Investment Adviser or from J.X. Xxxxxx as basket creation agent creator pursuant to the basket creation schedule set forth in Appendix B - Schedule 1, 1 a computer generated file that is in form and substance acceptable to NSCC containing a list of the Deposit Securities or Redemption Securities for each ETF Series Series; (including both standard and customized baskets) and transmit the file as received by Index Receipt Agent to NSCC. Each such file received by Index Receipt Agent shall contain the CUSIP number of the particular ETF Series. Prior to Index Receipt Agent’s delivery to NSCC of these computer generated files, Bank shall remove from them their identifying CUSIP numbers and post these orders to J.X. Xxxxxx’x custody system for settlement to the Bank’s designated participant account at DTC; (bii) receive from Order Taker daily, a computer generated file that is in form and substance acceptable to NSCC containing the Balancing Amount and the Transaction Fee for each ETF Series; ; and (ciii) transmit both of these files (a) and (b) as received to the NSCC; (db) at the appropriate times, cause to be paid to Authorized Participants Balancing Amounts on the creation or redemption of Creation Units, as instructed by Order Taker on behalf of each ETF Series. (e) receive back from NSCC the file of creation orders and/or redemption enhanced with NSCC generated prices for the Deposit Securities contained in the file and deliver the enhanced file to ETF Agency Services Agreement - August 2021 Custodian for settlement; and, (i) pursuant to any such creation order, instruct the Transfer Agent to issue the appropriate number of ETF Shares of the applicable ETF Series for deposit to the Custodian’s DTC Participant Account and (ii) pursuant to any such redemption order, instruct the Transfer Agent to redeem the appropriate number of ETF Shares of the applicable ETF Series in Creation Units and reduce the account of the Shareholder accordingly. 5. The Trust understands and agrees that all risk associated with the processing, clearance and settlement of the creation and redemption of ETF Shares, Deposit Securities and Redemption Securities and cash through the Clearing Process shall be that of the Trust and each ETF Series regardless of whether in effecting such creations and redemptions Index Receipt Agent, as a member of NSCC, is acting as principal or as agent, in respect hereof, the Trust and each Series, shall be bound by all the rules and procedures of NSCC and DTC as though it were the member or participant of such clearing and settlement systems.

Appears in 1 contract

Samples: Agency Services Agreement (Janus Detroit Street Trust)

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Index Receipt Agent Services. 1. Index Receipt Agent, with the assistance of the Trust, shall make application to NSCC to be the Index Receipt Agent on behalf of the Trust and each ETF Series for the processing, clearance and the settlement of creation and redemption orders for ETF Shares of each ETF Series and Creation Deposits through the facilities of NSCC and DTC. The Trust, on behalf of each ETF Series, understands and agrees to be bound by all the rules and procedures of NSCC and DTC, as though it were the member or participant of such clearing and settlement systems. 2. The Distributor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized Participant, which J.X. X.X. Xxxxxx in its capacity as Index Receipt Agent shall acknowledge. 3. Index Receipt Agent will set up the each ETF Series for processing, clearing and settlement within the Clearing Process or Outside of the Clearing Process. This set up is not subject to change on an ad hoc basis. 4. In connection with the procedures that may be established from time to time between Index Receipt Agent and the Trust on behalf of each ETF Series for the processing, clearance and settlement of the creation and redemption of Creation Units through the Clearing Process, Index Receipt Agent shall: (a) receive daily from the Investment Adviser or from J.X. X.X. Xxxxxx as basket creation agent pursuant to Appendix B - Schedule 1, a computer generated file that is in form and substance acceptable to NSCC containing a list of the Deposit Securities or Redemption Securities for each ETF Series (including both standard and customized baskets) and transmit the file as received by Index Receipt Agent to NSCC. Each such file received by Index Receipt Agent shall contain the CUSIP number of the particular ETF Series. Prior to Index Receipt Agent’s delivery to NSCC of these computer generated files, Bank shall remove from them their identifying CUSIP numbers and post these orders to J.X. X.X. Xxxxxx’x custody system for settlement to the Bank’s designated participant account at DTC; (b) receive from Order Taker daily, a computer generated file that is in form and substance acceptable to NSCC containing the Balancing Amount and the Transaction Fee for each ETF Series; (c) transmit both of these files (a) and (b) as received to the NSCC; (d) at the appropriate times, cause to be paid to Authorized Participants Balancing Amounts on the creation or redemption of Creation Units, as instructed by Order Taker on behalf of each ETF Series. (e) receive back from NSCC the file of creation orders and/or redemption enhanced with NSCC generated prices for the Deposit Securities contained in the file and deliver the enhanced file to ETF Agency Services Agreement - August 2021 Custodian for settlement; and, (i) pursuant to any such creation order, instruct the Transfer Agent to issue the appropriate number of ETF Shares of the applicable ETF Series for deposit to the Custodian’s DTC Participant Account and (ii) pursuant to any such redemption order, instruct the Transfer Agent to redeem the appropriate number of ETF Shares of the applicable ETF Series in Creation Units and reduce the account of the Shareholder accordingly. 5. The Trust understands and agrees that all risk associated with the processing, clearance and settlement of the creation and redemption of ETF Shares, Deposit Securities and Redemption Securities and cash through the Clearing Process shall be that of the Trust and each ETF Series regardless of whether in effecting such creations and redemptions Index Receipt Agent, as a member of NSCC, is acting as principal or as agent, in respect hereof, the Trust and each Series, shall be bound by all the rules and procedures of NSCC and DTC as though it were the member or participant of such clearing and settlement systems.

Appears in 1 contract

Samples: Agency Services Agreement (DoubleLine ETF Trust)

Index Receipt Agent Services. 1. Index Receipt Agent, with the assistance of the Trust, shall make application to NSCC to be the Index Receipt Agent on behalf of the Trust and each ETF Series for the processing, clearance and the settlement of creation and redemption orders for ETF Shares of each ETF Series and Creation Deposits through the facilities of NSCC and DTC. The Trust, on behalf of each ETF Series, understands and agrees to be bound by all the rules and procedures of NSCC and DTC, as though it were the member or participant of such clearing and settlement systems. 2. The Distributor, on behalf of the Trust, shall enter into an Authorized Participant Agreement with each Authorized Participant, which J.X. X.X. Xxxxxx in its capacity as Index Receipt Agent shall acknowledge. 3. Index Receipt Agent will set up the each ETF Series for processing, clearing and settlement within the Clearing Process or Outside of the Clearing Process. This set up is not subject to change on an ad hoc basis. 4. In connection with the procedures that may be established from time to time between Index Receipt Agent and the Trust on behalf of each ETF Series for the processing, clearance and settlement of the creation and redemption of Creation Units through the Clearing Process, Index Receipt Agent shall: (a) receive daily from the Investment Adviser or from J.X. X.X. Xxxxxx as basket creation agent pursuant to Appendix Schedule–B - Schedule Appendix 1, a computer generated file that is in form and substance acceptable to NSCC containing a list of the Deposit Securities or Redemption Securities for each ETF Series (including both standard and customized baskets) and transmit the file as received by Index Receipt Agent to NSCC. Each such file received by Index Receipt Agent shall contain the CUSIP number of the particular ETF Series. Prior to Index Receipt Agent’s delivery to NSCC of these computer generated files, Bank Index Receipt Agent shall remove from them their identifying CUSIP numbers and post these orders to J.X. X.X. Xxxxxx’x custody system for settlement to the Bank’s X.X. Xxxxxx’x designated participant account at DTC; (b) receive from Order Taker daily, a computer generated file that is in form and substance acceptable to NSCC containing the Balancing Amount and the Transaction Fee for each ETF Series; (c) transmit both of these files (a) and (b) as received to the NSCC; (d) at the appropriate times, cause to be paid to Authorized Participants Balancing Amounts on the creation or redemption of Creation Units, as instructed by Order Taker on behalf of each ETF Series.; and (e) receive back from NSCC the file of creation orders and/or redemption enhanced with NSCC generated prices for the Deposit Securities contained in the file and deliver the enhanced file to ETF Agency Services Agreement - August 2021 Custodian for settlement; and, (i) pursuant to any such creation order, instruct the Transfer Agent to issue the appropriate number of ETF Shares of the applicable ETF Series for deposit to the Custodian’s DTC Participant Account and (ii) pursuant to any such redemption order, instruct the Transfer Agent to redeem the appropriate number of ETF Shares of the applicable ETF Series in Creation Units and reduce the account of the Shareholder accordingly.. ETF Agency Services Agreement – August 2021 5. The Trust understands and agrees that all risk associated with the processing, clearance and settlement of the creation and redemption of ETF Shares, Deposit Securities and Redemption Securities and cash through the Clearing Process shall be that of the Trust and each on behalf of the applicable ETF Series regardless of whether in effecting such creations and redemptions Index Receipt Agent, as a member of NSCC, is acting as principal or as agent, in respect hereof, agent under the NSCC rules. The Trust and on behalf of each ETF Series, shall be bound by all the rules and procedures of NSCC and DTC as though it were the member or participant of such clearing and settlement systems. 6. The Parties hereby acknowledge that once an order is submitted to the Clearing Process by the Index Receipt Agent, such order cannot be ordinarily cancelled or withdrawn without NSCC’s consent. Upon the Index Receipt Agent’s request, the Trust on behalf of each ETF Series hereby agrees to cooperate with and assist the Index Receipt Agent in seeking the cancellation or withdrawal of an order from the Clearing Process, including by reaching out to and seeking the relevant Authorized Participant’s consent. If successfully cancelled or withdrawn from the Clearing Process, such order may then be handled Outside the Clearing Process. 7. The Index Receipt Agent shall have the right to cease processing, clearing and settling transactions through the Clearing Process at any time.

Appears in 1 contract

Samples: Agency Services Agreement (Palmer Square Funds Trust)

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