Common use of PLACE THE REDEMPTION ORDER Clause in Contracts

PLACE THE REDEMPTION ORDER. A Redemption Order Number in only valid for the Business Day on which it is issued. One Redemption Order Number may be used in a Redemption Order for multiple Creation Units of a single Index Series. Separate Redemption Order Numbers are required for each Index Series from which the Participant wishes to redeem WEBS. All Redemption Orders of Creation Units of WEBS are irrevocable. The Redemption Order for Creation Units of WEBS must be sent by facsimile or Electronic Interface provided by the Distributor and must be received by the WEBS telephone representative prior to the AMEX Closing Time. In the Redemption Order, the Participant will be required to acknowledge its agreement on behalf of itself and any party for which it is acting (whether as a customer or otherwise) to return to the Fund any dividend, distribution or other corporate action paid to it or to the party for which it is acting in respect of any Deposit Security that is transferred to the Participant or any party for which it is acting that, based on the valuation of such Deposit Security at the time of transfer, should be paid to the Index Series to which the Redemption Order relates. In the Redemption Order, the Participant will also be required to acknowledge its agreement on behalf of itself and any party for which it is acting (whether as a customer or otherwise) that the Fund is entitled to reduce the amount of money or other proceeds due to the Participant or any party for which it is acting by an amount equal to any dividend, distribution or other corporate action to be paid to it or to the party for which it is acting in respect of any Deposit Security that is transferred to the Participant or any party for which it is acting that, based on the valuation of such Deposit Security at the time of transfer, should be paid to the Index Series to which the Redemption Order relates.

PLACE THE REDEMPTION ORDER. A Redemption Order Number in is only valid for the Business Day on which it is issued. One Redemption Order Number may be used in a Redemption Order for multiple Creation Units of a single Index SeriesFund. Separate Redemption Order Numbers are required for each Index Series Fund from which the Participant wishes to redeem WEBSshares. All Redemption Orders of Creation Units of WEBS shares are irrevocable. The Redemption Order for Creation Units of WEBS shares must be sent by facsimile or Electronic Interface provided by submitted through the Distributor Transfer Agent’s electronic order entry system and must be received by the WEBS telephone representative prior to the AMEX NYSE Closing Time. In the Redemption Order, the Participant will be required to acknowledge its agreement on behalf of itself and any party for which it is acting (whether as a customer or otherwise) to return to the Fund Trust any dividend, distribution or other corporate action paid to it or to the party for which it is acting in respect of any Deposit Security that is transferred to the Participant or any party for which it is acting that, based on the valuation of such Deposit Security at the time of transfer, should be paid to the Index Series Fund to which the Redemption Order relates. In the Redemption Order, the Participant will also be required to acknowledge its agreement on behalf of itself and any party for which it is acting (whether as a customer or otherwise) that the Fund Trust is entitled to reduce the amount of money or other proceeds due to the Participant or any party for which it is acting by an amount equal to any dividend, distribution or other corporate action to be paid to it or to the party for which it is acting in respect of any Deposit Security that is transferred to the Participant or any party for which it is acting that, based on the valuation of such Deposit Security at the time of transfer, should be paid to the Index Series Fund to which the Redemption Order relates.

PLACE THE REDEMPTION ORDER. A Redemption Order Number in is only valid for the Business Day on which it is issued. One Redemption Order Number may be used in a Redemption Order for multiple Creation Units of a single Index Series. Separate Redemption Order Numbers are required for each Index Series from which the Participant wishes to redeem WEBS. All Redemption Orders of Creation Units of WEBS are irrevocable. The Redemption Order for Creation Units of WEBS must be sent by facsimile or Electronic Interface provided by the Distributor and must be received by the WEBS telephone representative prior to the AMEX Closing Time. In the Redemption Order, the Participant will be required to acknowledge its agreement on behalf of itself and any party for which it is acting (whether as a customer or otherwise) to return to the Fund any dividend, distribution or other corporate action paid to it or to the party for which it is acting in respect of any Deposit Security that is transferred to the Participant or any party for which it is acting that, based on the valuation of such Deposit Security at the time of transfer, should be paid to the Index Series to which the Redemption Order relates. In the Redemption Order, the Participant will also be required to acknowledge its agreement on behalf of itself and any party for which it is acting (whether as a customer or otherwise) that the Fund is entitled to reduce the amount of money or other proceeds due to the Participant or any party for which it is acting by an amount equal to any dividend, distribution or other corporate action to be paid to it or to the party for which it is acting in respect of any Deposit Security that is transferred to the Participant or any party for which it is acting that, based on the valuation of such Deposit Security at the time of transfer, should be paid to the Index Series to which the Redemption Order relates.