Common use of Termination of Authority Clause in Contracts

Termination of Authority. Upon the termination or revocation of authority of an Authorized Representative by the Authorized Participant, the Authorized Participant shall (i) give immediate written notice of such fact to the Creation and Redemption Agent and such notice shall be effective upon receipt by the Creation and Redemption Agent; and (ii) request a new PIN Number. The Creation and Redemption Agent shall, as promptly as practicable, de-activate the PIN Number upon receipt of such written notice.

Appears in 20 contracts

Samples: Authorized Participant Agreement, Authorized Participant Agreement (iShares Dow Jones-Ubs Roll Select Commodity Index Trust), Authorized Participant Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC)

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Termination of Authority. Upon the termination or revocation of authority of an Authorized Representative by the Authorized Participant, the Authorized Participant shall (i) give immediate give, as promptly as practicable under the circumstances, written notice of such fact to the Creation and Redemption Agent Trustee and such notice shall be effective upon receipt by the Creation and Redemption AgentTrustee; and (ii) request a new PIN Number. The Creation and Redemption Agent Trustee shall, as promptly as practicable, de-activate the PIN Number upon receipt of such written notice.

Appears in 14 contracts

Samples: Authorized Participant Agreement (Abrdn Palladium ETF Trust), Authorized Participant Agreement (Abrdn Silver ETF Trust), Authorized Participant Agreement (Abrdn Platinum ETF Trust)

Termination of Authority. Upon the termination or revocation of authority of an Authorized Representative by the Authorized Participant, the Authorized Participant shall (i) give immediate written notice of such fact to the Creation and Redemption Agent Trustee and such notice shall be effective upon receipt by the Creation and Redemption AgentTrustee; and (ii) request a new PIN Number. The Creation and Redemption Agent Trustee shall, as promptly as practicable, de-activate the PIN Number upon receipt of such written notice.

Appears in 11 contracts

Samples: Authorized Participant Agreement, Authorized Participant Agreement (iShares Silver Trust), Authorized Participant Agreement (iShares Silver Trust)

Termination of Authority. Upon the termination or revocation of authority of an Authorized Representative by the Authorized Participant, the Authorized Participant shall (i) give immediate written notice of such fact to the Creation and Redemption Processing Agent and such notice shall be effective upon receipt by the Creation and Redemption Processing Agent; and (ii) request a new PIN Number. The Creation and Redemption Processing Agent shall, as promptly as practicable, de-activate the PIN Number upon receipt of such written notice.

Appears in 7 contracts

Samples: Authorized Participant Agreement (Managed Emerging Markets Trust), Authorized Participant Agreement (Managed Emerging Markets Trust), Authorized Participant Agreement (Managed Emerging Markets Trust)

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Termination of Authority. Upon the termination or revocation of authority of an Authorized Representative by the Authorized Participant, the Authorized Participant shall (i) give immediate give, as promptly as practicable under the circumstances, written notice of such fact to the Creation and Redemption Agent Trustee and such notice shall be effective upon receipt by the Creation and Redemption AgentTrustee; and (ii) request a new PIN Number. The Creation and Redemption Agent Trustee shall, as promptly as practicable, de-activate the PIN Number upon receipt of such written notice.. 

Appears in 6 contracts

Samples: Authorized Participant Agreement, Authorized Participant Agreement (ETFS Precious Metals Basket Trust), Authorized Participant Agreement (Etfs Palladium Trust)

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