Outside the Trust’s Clearing Process—Redemption Requests. The DTC Participant notified of acknowledgment of a request to redeem Trust Shares outside the Trust's Clearing Process shall be required to effect a transfer to the Transfer Agent (a) the requisite number of Trust Shares through DTC no later than the NYSE Closing Time on the Business Day on which such order is Deemed Received by the Transfer Agent and (b) the Cash Redemption Amount, if any, through the Federal Reserve Bank wire system by no later than 2:00 p.m. on the next Business Day immediately following the Business Day on which such order is Deemed Received by the Transfer Agent.
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Samples: Authorized Participant Agreement (RevenueShares ETF Trust), Participant Agreement (Claymore Exchange-Traded Fund Trust 2), Participant Agreement (Powershares Exchange Traded Fund Trust)
Outside the Trust’s Clearing Process—Redemption Requests. The DTC Participant notified of acknowledgment of a request to redeem Trust Shares outside the Trust's ’s Clearing Process shall be required to effect a transfer to the Transfer Agent (a) the requisite number of Trust Shares through DTC no later than the NYSE Closing Time on the Business Day on which such order is Deemed Received by the Transfer Agent and (b) the Cash Redemption Amount, if any, through the Federal Reserve Bank wire system by no later than 2:00 p.m. on the next Business Day immediately following the Business Day on which such order is Deemed Received by the Transfer Agent.
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