Common use of Same Business Day Creation and Redemption Clause in Contracts

Same Business Day Creation and Redemption. Notwithstanding anything to the contrary contained herein, except as otherwise specifically advised by the Participant in writing to the Distributor and the Trust, the Participant represents and warrants on behalf of itself and any Participant Client that, in the case of any Redemption Request that is placed on the same Business Day as any Creation Order is placed by the Participant for the same Series: (i) the Redeeming Shareholder is not the same Participant or Participant Client as the Creation Shareholder; (ii) the Redeeming Shareholder is not affiliated in any manner to or with the Creating Shareholder; (iii) the Redeeming Shareholder and the Creating Shareholder are acting for their own respective beneficial interests; (iv) the placing of said Redemption Request and said Creation Order is not for the beneficial interest of the same person; and (v) the placing of said Redemption Request and said Creation Order is not pursuant to any common plan, mutual agreement, or understanding.

Same Business Day Creation and Redemption. Notwithstanding anything to the contrary contained herein, except as otherwise specifically advised by the Participant in writing to the Distributor and the Trust, the Participant represents and warrants on behalf of itself and any Participant Client that, that in the case of any Redemption Request that is placed on the same Business Day as any Creation Order is placed by the Participant for the same Series: (i) the Redeeming Shareholder is not the same Participant or Participant Client as the Creation Shareholder; (ii) the Redeeming Shareholder is not affiliated in any manner to or with the Creating Shareholder; (iii) the Redeeming Shareholder and the Creating Shareholder are acting for their own respective beneficial interests; (iv) the placing of said such Redemption Request and said such Creation Order is not for the beneficial interest of the same person; and (v) the placing of said such Redemption Request and said such Creation Order is not pursuant to any common plan, mutual agreement, or understanding.

Same Business Day Creation and Redemption. Notwithstanding anything to the contrary contained herein, except as otherwise specifically advised by the Participant in writing to the Distributor and the Trust, the Participant represents and warrants on behalf of itself and any Participant Client that, in the case of any Redemption Request that is placed on the same Business Day as any Creation Order is placed by the Participant for the same SeriesSeries and in the same Creation Order size: (i) the Redeeming Shareholder is not the same Participant or Participant Client as the Creation Creating Shareholder; (ii) the Redeeming Shareholder is not affiliated in any manner to or with the Creating Shareholder; (iii) the Redeeming Shareholder and the Creating Shareholder are acting for their own respective beneficial interests; (iv) the placing of said Redemption Request and said Creation Order is not for the beneficial interest of the same person; and (v) the placing of said Redemption Request and said Creation Order is not pursuant to any common plan, mutual agreement, or understandingunderstanding among the Participant and/or the Creating Shareholder and the Redeeming Shareholder.