Common use of Status of the Participant Clause in Contracts

Status of the Participant. With respect to its activities in connection with transactions of the Non-Transparent Shares, the Participant hereby represents and warrants that it has entered into, and shall maintain, for as long as it transacts in Non-Transparent Shares, one or more Confidential Account Agreement(s) with one or more AP Representative(s) approved by the Trust, to serve as its agent to purchase and deliver Deposit Securities and accept and sell Redemption Securities in connection with Purchase Orders and/or Redemption Orders of Non-Transparent Shares.

Appears in 4 contracts

Samples: Authorized Participant Agreement (Alger ETF Trust), Authorized Participant Agreement (Alger ETF Trust), Authorized Participant Agreement (Gabelli ETFs Trust)

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