Common use of REJECTING OR SUSPENDING REDEMPTION ORDERS Clause in Contracts

REJECTING OR SUSPENDING REDEMPTION ORDERS. The Sponsor or the Distributor reserve the absolute right to reject acceptance of a Redemption Order if: (i) it is determined by the Sponsor or the Distributor not to be in proper form; (ii) the fulfillment of which its counsel advises might be unlawful; (iii) as a result of the redemption, the number of remaining outstanding Shares would be reduced to fewer than the number of Shares as otherwise stated in a Fund’s Prospectus and displayed on Exhibit E to this agreement; or (iv) there is a possibility that any or all of the Benchmark component futures contracts of the relevant Fund on the futures exchange from which the net asset value of a particular fund is calculated will be priced at a daily price limit restriction; provided, however, if the Redemption Order is not rejected, then the Sponsor may require the Authorized Purchaser to enter into an EFR transaction in accordance with CME, CBOT, NYMEX, and COMEX Rule 538 or ICE Futures Rule 4, with quantities agreed by the Sponsor and the Authorized Purchaser in advance, directly corresponding to the Redemption Order.

REJECTING OR SUSPENDING REDEMPTION ORDERS. The Sponsor or the Distributor reserve the absolute right to reject acceptance of a Redemption Order if: (i) it is determined by the Sponsor or the Distributor not to be in proper form; (ii) the fulfillment of which its counsel advises might be unlawful; (iii) as a result of the redemption, the number of remaining outstanding Shares would be reduced to fewer than the number of Shares in one Basket or as otherwise stated in a Fund’s Prospectus and displayed on Exhibit E to this agreementProspectus; or (iv) there is a possibility that any or all of the Benchmark component futures contracts of the relevant Fund on the futures exchange from which the net asset value of a particular fund is calculated will be priced at a daily price limit restriction; provided, however, if the Redemption Order is not rejected, then the Sponsor may require the Authorized Purchaser to enter into an EFR transaction in accordance with CME, CBOT, NYMEX, and COMEX Rule 538 or ICE Futures Rule 4, with quantities agreed by the Sponsor and the Authorized Purchaser in advance, directly corresponding to the Redemption Order.