Redemption Orders. The Participating Party notified of confirmation of a Redemption Order to redeem Shares through the Trusts' Clearing Process shall be required to transfer or arrange for the transfer of the requisite Shares and the Cash Redemption Amount, as defined in the applicable Fund's Prospectus ("Cash Redemption Amount"), if any, to the Transfer Agent by means of the Trusts' Clearing Process so as to be received no later than on the "regular way" settlement date following the Business Day on which such order is Deemed Received by the Transfer Agent as set forth below in Section IV.
Appears in 6 contracts
Samples: Participant Agreement (First Trust Exchange-Traded Fund Iv), Participant Agreement (First Trust Exchange-Traded Fund Viii), Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund Ii)
