Requests for Redemptions. The Transfer Agent shall issue to the Participating Party a confirmation of acceptance of a request to redeem Shares in Creation Unit size aggregations ("Redemption Order") through the Trusts' Clearing Process within fifteen (15) minutes of its receipt of a Submission received in good form. In the event the Participating Party does not receive a timely confirmation from the Transfer Agent, it should contact the Transfer Agent directly at the business number indicated.
Appears in 11 contracts
Samples: Participant Agreement (First Trust Exchange-Traded Fund Vi), Participant Agreement (First Trust Exchange-Traded Fund Vi), Participant Agreement (First Trust Exchange-Traded Fund Iv)
Requests for Redemptions. The Transfer Agent shall issue to the Participating Party a confirmation of acceptance of a request to redeem Trust Shares in Creation Unit size aggregations ("Redemption Order") through the Trusts' Trust's Clearing Process within fifteen (15) 15 minutes of its receipt of a Submission received in good form. In the event the Participating Party does not receive a timely confirmation from the Transfer Agent, it should contact the Transfer Agent directly at the business number indicated.
Appears in 4 contracts
Samples: Authorized Participant Agreement (RevenueShares ETF Trust), Participant Agreement (Claymore Exchange-Traded Fund Trust 2), Participant Agreement (Powershares Exchange Traded Fund Trust)
Requests for Redemptions. The Transfer Agent shall issue to the Participating Party a confirmation of acceptance of a request to redeem Shares in Creation Unit size aggregations ("Redemption Order") through the Trusts' Trust's Clearing Process within fifteen (15) minutes of its receipt of a Submission received in good form. In the event the Participating Party does not receive a timely confirmation from the Transfer Agent, it should contact the Transfer Agent directly at the business number indicated.
Appears in 3 contracts
Samples: Transfer Agency and Service Agreement (First Trust Exchange-Traded Fund), Participant Agreement (First Trust Exchange-Traded Fund), Participant Agreement (First Trust Exchange-Traded Fund Ii)
