Provision of ETF Services. 15B.1 Each Client identified on Appendix A as an “ETF Client” is an exchange-traded fund that will issue and redeem shares only in aggregations of a specified number of shares, each called a “Creation Unit,” generally in exchange for a basket of securities and/or instruments and a specified cash payment, as more fully described in the Client’s currently effective prospectus and statement of additional information (collectively, the “Prospectus”). Capitalized terms used in this Section 15B without definition shall have the meanings given to them in the Prospectus. For the avoidance of doubt, this Section 15B will only apply with respect to the ETF Clients identified on Appendix A hereto.
Provision of ETF Services. 15B.1 The Client is, or will be prior to the commencement of Services, an exchange-traded fund registered with the U.S. Securities Exchange Commission in accordance with the Securities Act of 1933, that will issue and redeem shares only in aggregations of a specified number of shares, each called a “Basket,” generally in exchange for a basket of securities and/or instruments and a specified cash payment, as more fully described in the Client’s currently effective prospectus and statement of additional information (collectively, the “Prospectus”). Capitalized terms used in this Section 15B without definition shall have the meanings given to them in the Prospectus.
