REJECTING OR SUSPENDING REDEMPTION ORDERS. The right of redemption may be suspended or the date of payment postponed with respect to a Fund: (i) for any period during which the Listing Exchange is closed (other than customary weekend and holiday closings); (ii) for any period during which trading on the Listing Exchange is suspended or restricted; (iii) for any period during which an emergency exists as a result of which disposal of the shares of such Fund or determination of such Fund’s NAV is not reasonably practicable; or (iv) in such other circumstances as permitted by the SEC.
Appears in 5 contracts
Samples: Authorized Participant Agreement (Goldman Sachs ETF Trust II), Authorized Participant Agreement (Columbia ETF Trust I), Participant Agreement (SPDR S&p Midcap 400 Etf Trust)
REJECTING OR SUSPENDING REDEMPTION ORDERS. The right of redemption may be suspended or the date of payment postponed with respect to a Fund: (i) for any period during which the Listing Exchange is closed (other than customary weekend and holiday closings); (ii) for any period during which trading on the Listing Exchange is suspended or restricted; (iii) for any period during which an emergency exists as a result of which disposal of the shares of such Fund or determination of such Fund’s 's NAV is not reasonably practicable; or (iv) in such other circumstances as permitted by the SEC.
Appears in 3 contracts
Samples: Authorized Participant Agreement (Spinnaker ETF Trust), Authorized Participant Agreement (Spinnaker ETF Trust), Participant Agreement (First Trust Exchange-Traded Fund)
