One Account. The Participant understands and agrees that Shares of each Series may be redeemed only when one or more Creation Units are held in the account of a single Participant or a single Participant Client. For avoidance of doubt, the Participant understands and agrees that the Participant may not aggregate Shares of different Participant Clients to meet the one account requirement set forth in this Section 3.08.
Appears in 3 contracts
Samples: Authorized Participant Agreement (SEI Exchange Traded Funds), Authorized Participant Agreement (Advisors' Inner Circle Fund), Authorized Participant Agreement (Advisors' Inner Circle Fund III)
One Account. The Participant understands and agrees that Shares of each Series may be redeemed only when one or more Creation Units are held in the account of a single Participant or a single Participant Client. For avoidance of doubt, the Participant understands and agrees that the Participant may not aggregate Shares of different Participant Clients to meet the one account requirement set forth in this Section 3.08.
Appears in 1 contract
Samples: Authorized Participant Agreement (Cambria ETF Trust)
