Ownership of Deposit Securities. Notwithstanding anything to the contrary contained herein, and subject to the provisions of Section 2.02, the Participant agrees that this Agreement is a contract for the sale of the Deposit Securities in praesenti, and that ownership of, and all attendant rights to and benefits of, the Deposit Securities shall be vested in the Company as of the Business Day on which the Company receives and accepts the related Purchase Order in proper form and in accordance with the foregoing terms and procedures.
Appears in 2 contracts
Samples: Authorized Participant Agreement (Impact Shares Trust I), Authorized Participant Agreement (Causeway ETMF Trust)
Ownership of Deposit Securities. Notwithstanding anything to the contrary contained herein, and subject to the provisions of Section 2.022.02 of this Agreement, the Participant agrees that this Agreement is a contract for the sale of the Deposit Securities in praesenti, and that ownership of, and all attendant rights to and benefits of, the Deposit Securities shall be vested in the Company Trust as of the Business Day on which the Company Trust receives and accepts the related Purchase Order in proper form and in accordance with the foregoing terms and procedures.
Appears in 1 contract
Samples: Authorized Participant Agreement (Quaker Investment Trust)
Ownership of Deposit Securities. Notwithstanding anything to the contrary contained herein, and subject to the provisions of Section 2.02, the Participant agrees that this Agreement is a contract for the sale of the Deposit Securities in praesenti, and that ownership of, and all attendant rights to and benefits of, the Deposit Securities shall be vested in the Company Trust as of the Business Day on which the Company receives and accepts the related Purchase Order in proper form and in accordance with the foregoing terms and procedures.
Appears in 1 contract
Samples: Authorized Participant Agreement (Exchange Traded Concepts Trust)
Ownership of Deposit Securities. Notwithstanding anything to the contrary contained herein, and subject to the provisions of Section 2.020 of this Agreement, the Participant agrees that this Agreement is a contract for the sale of the Deposit Securities in praesenti, and that ownership of, and all attendant rights to and benefits of, the Deposit Securities shall be vested in the Company Trust as of the Business Day on which the Company Trust receives and accepts the related Purchase Order in proper form and in accordance with the foregoing terms and procedures.
Appears in 1 contract
Samples: Authorized Participant Agreement (Advisors' Inner Circle Fund II)
