Offer of Shares Procedures for Creation and Issuance of Creation Units to Authorized Participants Sample Clauses

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Offer of Shares Procedures for Creation and Issuance of Creation Units to Authorized Participants 

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Related to Offer of Shares Procedures for Creation and Issuance of Creation Units to Authorized Participants

• Purchase and Issuance of the Units Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below) the Units in consideration of the payment of the Purchase Price (as defined below). On the Closing Date, the Company shall, at its option, deliver to the Subscriber the certificates representing the Securities purchased or effect such delivery in book-entry form.