Ownership of Deposit Securities. Notwithstanding anything to the contrary contained herein, and subject to the provisions of paragraph c of this Section 2, for the purposes of the laws of the State of New York, the Participant agrees that this Agreement is a contract for the sale of the Deposit Instruments in praesenti, and that ownership of, and all attendant rights to and benefits of, the Deposit Instruments shall be vested in the Trust as of the Business Day on which the Trust receives and accepts the related Purchase Order in proper form and in accordance with the foregoing terms and procedures.
Appears in 16 contracts
Samples: Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust)
Ownership of Deposit Securities. Notwithstanding anything to the contrary contained herein, and subject to the provisions of paragraph c of this Section 2, for the purposes of the laws of the State of New York2.02, the Participant agrees that this Agreement is a contract for the sale of the Deposit Instruments Securities in praesenti, and that ownership of, and all attendant rights to and benefits of, the Deposit Instruments Securities shall be vested in the Trust as of the Business Day on which the Trust receives and accepts the related Purchase Order in proper form and in accordance with the foregoing terms and procedures.
Appears in 8 contracts
Samples: Authorized Participant Agreement (SEI Exchange Traded Funds), Authorized Participant Agreement (Advisors' Inner Circle Fund), Authorized Participant Agreement (Advisors' Inner Circle Fund III)
Ownership of Deposit Securities. Notwithstanding anything to the contrary contained herein, and subject to the provisions of paragraph c c. of this Section 2, for the purposes of the laws of the State of New York, the Participant agrees that this Agreement is a contract for the sale of the Deposit Instruments in praesenti, and that ownership of, and all attendant rights to and benefits of, the Deposit Instruments shall be vested in the Trust as of the Business Day on which the Trust receives and accepts the related Purchase Order Request in proper form and in accordance with the foregoing terms and procedures.
Appears in 3 contracts
Samples: Authorized Participant Agreement (ActiveShares ETF Trust), Authorized Participant Agreement (ActiveShares ETF Trust), Authorized Participant Agreement (Legg Mason ETF Equity Trust)
