Preauthorized Repetitive Payment Orders. The Trust and the Sponsor may establish with the Custodian a process to preauthorize certain repetitive payments or transfers. The Trust and the Sponsor will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form. The PPO shall be delivered to the Custodian in writing or by another Custodian Designated Security Procedure or Fund Designated Security Procedure, and will become effective after the Custodian shall have had a reasonable opportunity to act thereon (or if later, two (2) banking days after receipt by the Custodian). The PPO may take the form of either:
Appears in 4 contracts
Samples: Custodian Agreement (USCF Funds Trust), Custodian Agreement (United States Currency Funds Trust), Custodian Agreement (United States Commodity Funds Trust I)
Preauthorized Repetitive Payment Orders. The Trust and the Sponsor Fund or Company may establish with the Custodian a process to preauthorize certain repetitive payments or transfers. The Trust and the Sponsor Fund or Company will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form. The PPO shall be delivered to the Custodian in writing or by another Custodian Designated Security Procedure or Fund or Company Designated Security Procedure, and will become effective after the Custodian shall have had a reasonable opportunity to act thereon (or if later, two (2) banking days after receipt by the Custodian). The PPO may take the form of either:
Appears in 2 contracts
Samples: Custodian Agreement (Sei Institutional Investments Trust), Custodian Agreement (Sei Institutional Managed Trust)
Preauthorized Repetitive Payment Orders. The Trust Fund and the Sponsor General Partner may establish with the Custodian a process to preauthorize certain repetitive payments or transfers. The Trust Fund and the Sponsor General Partner will execute all documentation required by the Custodian, including a separate Preauthorized Repetitive Payment Order (PPO) form. The PPO shall be delivered to the Custodian in writing or by another Custodian Designated Security Procedure or Fund Designated Security Procedure, and will become effective after the Custodian shall have had a reasonable opportunity to act thereon (or if later, two (2) banking days after receipt by the Custodian). The PPO may take the form of either:
Appears in 1 contract
Samples: Custodian Agreement (United States Brent Oil Fund, LP)
