Limitation on Power of Attorney. The Power of Attorney granted by each Unitholder to the Sponsor shall not authorize the Sponsor to act on behalf of Unitholders in any situation in which this Trust Agreement requires the approval of Unitholders unless such approval has been obtained as required by this Trust Agreement. In the event of any conflict between this Trust Agreement and any instruments filed by the Sponsor or any new Sponsor pursuant to this Power of Attorney, this Trust Agreement shall control.
Appears in 12 contracts
Samples: Trust and Trust Agreement (Amplify Commodity Trust), Trust and Trust Agreement (Amplify Commodity Trust), Trust and Trust Agreement (ETF Managers Group Commodity Trust I)
Limitation on Power of Attorney. The Power of Attorney granted by each Unitholder Limited Shareholder to the Sponsor shall not authorize the Sponsor to act on behalf of Unitholders Limited Shareholders in any situation in which this Trust Agreement requires the approval of Unitholders Limited Shareholders unless such approval has been obtained as required by this Trust Agreement. In the event of any conflict between this Trust Agreement and any instruments filed by the Sponsor or any new Sponsor pursuant to this Power of Attorney, this Trust Agreement shall control.
Appears in 10 contracts
Samples: Authorized Purchaser Agreement (Tidal Commodities Trust I), Authorized Purchaser Agreement, Authorized Purchaser Agreement (Bitwise ETF Trust)
Limitation on Power of Attorney. The Power of Attorney granted by each Unitholder unitholder to the Sponsor shall not authorize the Sponsor to act on behalf of Unitholders in any situation in which this Trust Agreement requires the approval of Unitholders unless such approval has been obtained as required by this Trust Agreement. In the event of any conflict between this Trust Agreement and any instruments filed by the Sponsor or any new Sponsor pursuant to this Power of Attorney, this Trust Agreement shall control.
Appears in 3 contracts
Samples: And Trust Agreement (United States Commodity Index Funds Trust), And Trust Agreement (United States Commodity Index Funds Trust), And Trust Agreement (United States Commodity Index Funds Trust)
Limitation on Power of Attorney. The Power of Attorney concurrently granted by each Unitholder Limited Owner or Beneficial Owner, as applicable, to the Sponsor shall not authorize the Sponsor to act on behalf of Unitholders thereof in any situation in which this Trust Agreement requires the prior approval of Unitholders unless such approval has been obtained as required by this Trust Agreement. In the event of any conflict between this Trust Agreement and any instruments filed by the Sponsor or any new Sponsor pursuant to this Power of Attorney, this Trust Agreement shall control.
Appears in 1 contract
Samples: Declaration of Trust and Trust Agreement (AirShares(TM) EU Carbon Allowances Fund)
