Common use of Procedures for Orders Clause in Contracts

Procedures for Orders. The procedures for placing and execution of Creation Orders and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to the Trust. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the AP Handbook. Orders received in proper form in accordance with such terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to it. The Trust reserves the right to revise or augment the procedures relating to the manner of creating or redeeming Creation Units. The Distributor will make commercially reasonable efforts to provide prior notice to the Participant of any changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such change in procedure, unless required by applicable Law. The Participant agrees to comply with such procedures as they may be revised or augmented from time to time. Such revised or additional procedures may be implemented by the Trust, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes or requirements for new or existing Series, or any other purposes. Any Series may, subject to applicable Law, change the manner in which a Creation Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Order or Redemption Request be cleared outside the CNS Clearing Process or any non-CNS Clearing Process subject to approval by the Index Receipt Agent.

Procedures for Orders. The procedures for placing and execution of “Creation Orders Orders” and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to by the TrustTrust and Distributor. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the “AP Handbook”. Orders received in proper form in accordance with such said terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such said Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to itthe Participant. The Trust reserves the right to revise or augment the procedures relating to the manner of creating or redeeming Creation Units. The Distributor will shall make commercially reasonable efforts to provide prior notice to the Participant of any material changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such said change in procedure, unless required by applicable Law. The Participant agrees to comply with such these procedures as they these procedures may be revised or augmented from time to time. Such Said revised or additional procedures may be implemented by the Trust, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes processes, or requirements for new or existing Series, or any other purposes. Any Series maySeries, subject to applicable Law, may change the manner in which a Creation Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Order or Redemption Request be cleared outside the “CNS Clearing Process Process” or any non“Non-CNS Clearing Process Process” subject to approval by the Index Receipt Agent.

Procedures for Orders. The procedures for placing and execution of Creation executing Purchase Orders and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to the TrustHandbook. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the AP Handbook. Orders received in proper form in accordance with such terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to it. The Trust Company reserves the right to revise or augment the procedures relating to the manner of creating purchasing or redeeming Creation Units. The Distributor will make commercially reasonable efforts to provide prior notice to the Participant of any changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such change in procedure, unless required by applicable Law. The Participant agrees to comply with such procedures as they may be revised or augmented from time to time. Such revised or additional procedures may be implemented by the TrustCompany, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes or requirements for new or existing Series, or for any other purposes. Any Series Series, may, subject to applicable Law, change the manner in which a Creation Purchase Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Purchase Order or Redemption Request be cleared outside the CNS Clearing Process or any non-CNS Clearing Process subject to approval by the Index Receipt AgentProcess.

Procedures for Orders. The procedures for placing and execution of “Creation Orders Orders” and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to by the TrustTrust and Distributor. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the “AP Handbook”. Orders received in proper form in accordance with such said terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such said Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to itthe Participant. The Trust reserves the right to revise or augment the procedures relating to the manner of creating or redeeming Creation Units. The Distributor will shall make commercially reasonable efforts to provide prior notice to the Participant of any material changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such said change in procedure, unless required by applicable Law. The Participant agrees to comply with such these procedures as they these procedures may be revised or augmented from time to time. Such Said revised or additional procedures may be implemented by the Trust, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes processes, or requirements for new or existing Series, or any other purposes. Nothing in this Agreement shall require the Participant to purchase Creation Units of any Series. Any Series maymay change, subject to applicable LawLaw and provision of reasonable-advance public notice to the Participant of the change, change the manner in which a Creation Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Order or Redemption Request be cleared outside the “CNS Clearing Process Process” or any non“Non-CNS Clearing Process Process” subject to approval by the Index Receipt Agent.

Procedures for Orders. The procedures for placing and execution of Creation executing Purchase Orders and Redemption Requests are described in the Prospectus for each Series Fund and in the AP Handbook (and any updates) which shall be provided to the TrustHandbook. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the AP Handbook. Orders received in proper form in accordance with such terms and procedures shall be processed at the net asset value per Share of the relevant Series Fund next determined after such Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to it. The Trust Company reserves the right to revise or augment the procedures relating to the manner of creating purchasing or redeeming Creation Units. The Distributor will make commercially reasonable efforts to provide prior notice to the Participant of any changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such change in procedure, unless required by applicable Law. The Participant agrees to comply with such procedures as they may be revised or augmented from time to time. Such revised or additional procedures may be implemented by the TrustCompany, with respect to any or all SeriesFund, due to changing applicable Law, market conditions, administrative or operational processes or requirements for new or existing SeriesFund, or any other purposes. Any Series Fund may, subject to applicable Law, change the manner in which a Creation Purchase Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Purchase Order or Redemption Request be cleared outside the CNS Clearing Process or any non-CNS Clearing Process subject to approval by the Index Receipt AgentProcess.

Procedures for Orders. The procedures for placing and execution of “Creation Orders Orders” and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to by the TrustTrust and Distributor. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the “AP Handbook”. Orders received in proper form in accordance with such terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to it. The Trust reserves the right to revise or augment the procedures relating to the manner of creating or redeeming Creation Units. The Distributor will make commercially reasonable efforts to provide prior notice to the Participant of any material changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such change in procedure, unless required by applicable Law. The Participant agrees to comply with such procedures as they may be revised or augmented from time to time. Such revised or additional procedures may be implemented by the Trust, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes or requirements for new or existing Series, or any other purposes. Any Series may, subject to applicable Law, change the manner in which a Creation Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Order or Redemption Request be cleared outside the “CNS Clearing Process Process” or any non“Non-CNS Clearing Process Process” subject to approval by the Index Receipt Agent.

Procedures for Orders. The procedures for placing and execution of “Creation Orders Orders” and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to by the TrustTrust and Distributor. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the “AP Handbook”. Orders received in proper form in accordance with such said terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such said Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to itthe Participant. The Trust reserves the right to revise or augment the procedures relating to the manner of creating or redeeming Creation Units. The Distributor will shall make commercially reasonable efforts to provide prior notice to the Participant of any material changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such said change in procedure, unless required by applicable Law. The Participant agrees to comply with such these procedures as they these procedures may be revised or augmented from time to time. Such Said revised or additional procedures may be implemented by the Trust, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes processes, or requirements for new or existing Series, or any other purposes. Any Series maySeries, subject to applicable Law, may change the manner in which a Creation Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Order or Redemption Request be cleared outside the “CNS Clearing Process Process” or any non“Non-CNS Clearing Process Process” subject to approval by the Index Receipt Transfer Agent.

Procedures for Orders. The procedures for placing and execution of Creation Purchase Orders and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to the Trust. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the AP Handbook. Orders received in proper form in accordance with such terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to it. The Trust reserves the right to revise or augment the procedures relating to the manner of creating purchasing or redeeming Creation Units. The Distributor will make commercially reasonable efforts to provide prior notice to the Participant of any changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such change in procedure, unless required by applicable Law. The Participant agrees to comply with such procedures as they may be revised or augmented from time to time. Such revised or additional procedures may be implemented by the Trust, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes or requirements for new or existing Series, or any other purposes. Any Series may, subject to applicable Law, change the manner in which a Creation Purchase Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Purchase Order or Redemption Request be cleared outside the CNS Clearing Process or any non-CNS Clearing Process subject to approval by the Index Receipt AgentProcess.

Procedures for Orders. The procedures for placing and execution of Creation executing Purchase Orders and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to the TrustHandbook. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the AP Handbook. Orders received in proper form in accordance with such terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to it. The Trust reserves the right to revise or augment the procedures relating to the manner of creating purchasing or redeeming Creation Units. The Distributor will make commercially reasonable efforts to provide prior notice to the Participant of any changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such change in procedure, unless required by applicable Law. The Participant agrees to comply with such procedures as they may be revised or augmented from time to time. Such revised or additional procedures may be implemented by the Trust, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes or requirements for new or existing Series, or any other purposes. Any Series may, subject to applicable Law, change the manner in which a Creation Purchase Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Purchase Order or Redemption Request be cleared outside the CNS Clearing Process or any non-CNS Clearing Process subject to approval by the Index Receipt AgentProcess.

Procedures for Orders. The procedures for placing and execution of Creation executing Purchase Orders and Redemption Requests are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to the TrustHandbook. All Orders shall be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the AP Handbook. Orders received in proper form in accordance with such terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such Order is received in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to it. The Trust reserves the right to revise or augment the procedures relating to the manner of creating purchasing or redeeming Creation Units. The Distributor will make commercially reasonable efforts to provide prior notice to the Participant of any material changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such change in procedure, unless required by applicable Law. The Participant agrees to comply with such procedures as they may be revised or augmented from time to time. Such revised or additional procedures may be implemented by the Trust, with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes or requirements for new or existing Series, or any other purposes. Any Series may, subject to applicable Law, change the manner in which a Creation Purchase Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Purchase Order or Redemption Request be cleared outside the CNS Clearing Process or any non-CNS Clearing Process subject to approval by the Index Receipt AgentProcess.

Procedures for Orders. The procedures for placing and execution of executing orders to purchase Creation Orders Units (“Purchase Orders”) and orders to redeem Creation Units (“Redemption Requests Requests”) are described in the Prospectus for each Series and in the AP Handbook (and any updates) which shall be provided to the Trust. All Orders shall must be placed and executed in accordance with the terms and procedures set forth in the Prospectus and the AP Handbook. Purchase Orders and Redemption Requests received by the Distributor and determined by the Distributor and the applicable Series to be in proper form in accordance with such terms and procedures shall be processed at the net asset value per Share of the relevant Series next determined after such Purchase Order or Redemption Request is received by the Distributor and determined by the Distributor and the applicable Series to be in proper form. The Participant agrees to comply with any and all requirements stated in the Prospectus and in the AP Handbook to the extent applicable to it. The Trust reserves Sponsor and Distributor reserve the right to revise or augment the procedures relating to the manner of creating purchasing or redeeming Creation Units. The Distributor will make commercially reasonable efforts to provide prior notice to the Participant of any material changes to the AP Handbook with respect to the placement of Orders. Revised procedures shall not apply retroactively to Orders submitted prior to such change in procedure, unless required by applicable LawHandbook. The Participant agrees to comply with such procedures as they may be revised or augmented from time to time. Such revised or additional procedures may be implemented by the Trust, Distributor with respect to any or all Series, due to changing applicable Law, market conditions, administrative or operational processes or requirements for new or existing Series, or any other purposes. Any Series may, subject to applicable Law, change the manner in which a Creation Purchase Order and/or Redemption Request may be placed and/or executed by the Participant, including, without limitation, requiring that a Creation Purchase Order or Redemption Request be cleared outside the CNS Clearing Process or any non-CNS Clearing Process subject Process. As provided in the AP Handbook, Purchase Orders and Redemption Requests will typically be executed through two parallel but connected processes whereby the futures and treasury securities constituting the Deposit Instruments or Redemption Instruments, as applicable, are transferred to approval the Series or the Participant, as applicable, through an EFRP, which will be reported to the CME by the Index Receipt AgentDistributor and the Shares will be delivered to the Participant or the Series, as applicable, through NSCC. In the case of a Purchase Order, the applicable Series will not release a Creation Unit for settlement through NSCC until it has received the applicable Deposit Instruments related to such Creation Unit through an EFRP and, if applicable, cash in lieu for some or all of such Deposit Instruments [through the custodian for the Series], and in the case of a Redemption Request, the applicable Series will not release the Redemption Instruments through an EFRP or, if applicable, provide cash-in lieu for some or all of such Redemption Instruments [through its custodian] until it has received the Shares from the Participant through NSCC.