Requests for Redemption Clause Samples

Requests for Redemption. The Distributor shall issue to the DTC Participant an acknowledgment of receipt of an order to redeem Trust Shares in Creation Unit size aggregations within 15 minutes of its receipt of a Submission received in good form. In the event the DTC Participant does not receive a timely acknowledgment from the Distributor, it should contact the Distributor directly at the business number indicated.

Requests for Redemption. The Transfer Agent shall issue to the DTC Participant an acknowledgement of receipt of an order to redeem Shares in Creation Unit size aggregations

Requests for Redemption. Redemptions pursuant to Section 4(b)(i)-(iv) ------------------------ hereof shall only be made with respect to Certificateholders who have properly requested redemption under this section. A request for redemption may be initiated by delivering the following items to the Trustee on or before the last day of the month preceding the month in which the Redemption Date occurs (each, a "Tender Date") (1) a written request for redemption in form satisfactory to the Trustee by the Certificateholder, or his legal representative, with appropriate evidence of authority; (2) notice of the principal amount of Certificates to be redeemed or, in the case of Definitive Certificates, the certificate or certificates representing the Certificate or Certificates for which redemption is being requested, and (3) in the case of a request on behalf of a Deceased Holder, appropriate evidence of death and any tax waivers requested by the Trustee. Subject to certain priorities of Deceased Holders and certain other limitations, Certificates shall be redeemed in the order that timely requests for redemption are received by the Trustee (as evidenced by the time-stamp placed on such requests by the Trustee at the time of receipt). Requests for redemptions received in proper form will be accepted by the Trustee only to the extent funds are available in the Redemption Fund as described above. Requests for redemption made after the Tender Date for a given Redemption Date, and requests for redemption received in a timely manner but not accepted in respect of a given Redemption Date, will be treated as requests for redemption on the next succeeding Redemption Date and each succeeding Redemption Date thereafter until the request is accepted or is withdrawn as described in the following paragraph. Certificates submitted with a request for redemption will be held by the Trustee until the request has been accepted or has been withdrawn and will continue to bear interest until redeemed. Certificates, or portions thereof in integral multiples of $1,000 principal amount, which have been accepted for redemption shall become due and payable on the applicable Redemption Date and shall cease to bear interest on such Redemption Date. Any Certificateholder who has requested redemption may withdraw his request at any time by causing delivery of written notice of withdrawal to the Trustee. If such written notice has not been received on or before the Tender Date for a given Redemption Date, the previousl...

Requests for Redemption. The Transfer Agent shall issue to the Participant a confirmation of acceptance of a request to redeem Trust Shares in Creation Unit size aggregations within 15 minutes of its receipt of a Submission received in good form. In the event the Participant does not receive a timely confirmation from the Transfer Agent, it should contact the Transfer Agent directly at the business number indicated.