Redemption of Redemption Baskets. (a) The procedures for the redemption of Redemption Baskets as specified in the schedules, exhibits, annexes, attachments and procedures, as applicable, to the Participant Agreement, which may be amended from time to time in accordance with the provisions of the Participant Agreement (and any such amendment will not constitute an amendment of this Trust Agreement), will govern the Trust with respect to the redemption of Redemption Baskets. (b) Redemption Baskets effectively redeemed pursuant to the provisions of the Participant Agreement shall be cancelled by the Trust in accordance with the Depository’s procedures.
Appears in 5 contracts
Samples: Declaration of Trust and Trust Agreement (FactorShares 2X: S&P500 Bull/Usd Bear), Declaration of Trust and Trust Agreement (FactorShares 2X: TBond Bull/S&p500 Bear), Declaration of Trust and Trust Agreement (FactorShares 2X: S&P500 Bull/TBond Bear)
