Common use of Title to Basket Constituents and iShares Surrendered for Redemption Clause in Contracts

Title to Basket Constituents and iShares Surrendered for Redemption. The Authorized Participant represents and warrants to the Trustee that a. in connection with each Purchase Order, the Authorized Participant will have full power and authority to transfer to the Trust the corresponding Basket Constituents, and that upon delivery of the Basket Constituents to the Custodian and/or Settlement Agent in accordance with the Procedures, the Investing Pool will acquire good and unencumbered title to such property, free and clear of all liens, charges, duties imposed on the transfer of assets and encumbrances (other than those in favor of the Custodian or the CME clearinghouse) and not subject to any adverse claims or transferability restrictions, whether arising by operation of law or otherwise; and

Title to Basket Constituents and iShares Surrendered for Redemption. The Authorized Participant represents and warrants to the Trustee that a. in connection with each Purchase Order, the Authorized Participant will have full power and authority to transfer to the applicable Trust the corresponding Basket Constituents, and that upon delivery of the Basket Constituents to the Custodian and/or Settlement Agent in accordance with the Procedures, the related Investing Pool will acquire good and unencumbered title to such property, free and clear of all liens, charges, duties imposed on the transfer of assets and encumbrances (other than those in favor of the Custodian or the CME clearinghouse) and not subject to any adverse claims or transferability restrictions, whether arising by operation of law or otherwise; and

Title to Basket Constituents and iShares Surrendered for Redemption. The Authorized Participant represents and warrants to the Trustee that a. in connection with each Purchase Order, the Authorized Participant will have full power and authority to transfer to the Trust the corresponding Basket Constituents, and that upon delivery of the Basket Constituents to the applicable Custodian and/or Settlement Agent in accordance with the Procedures, the Investing Pool Trust will acquire good and unencumbered title to such property, free and clear of all liens, charges, duties imposed on the transfer of assets and encumbrances (other than those in favor of the applicable Custodian or the CME clearinghouseclearinghouse of the applicable Futures Exchange) and not subject to any adverse claims or transferability restrictions, whether arising by operation of law or otherwise; and

Title to Basket Constituents and iShares Surrendered for Redemption. The Authorized Participant represents and warrants to the Trustee that a. in connection with each Purchase Order, the Authorized Participant will have full power and authority to transfer to the Trust the corresponding Basket Constituents, and that upon delivery of the Basket Constituents to the Custodian and/or Settlement Agent in accordance with the Procedures, the Investing Pool will acquire good and unencumbered title to such property, free and clear of all liens, charges, duties imposed on the transfer of assets and encumbrances (other than those in favor of the Custodian or the CME Chicago Mercantile Exchange clearinghouse) and not subject to any adverse claims or transferability restrictions, whether arising by operation of law or otherwise; and

Title to Basket Constituents and iShares Surrendered for Redemption. The Authorized Participant represents and warrants to the Trustee that a. in connection with each Purchase Order, the Authorized Participant will have full power and authority to transfer to the Trust the corresponding Basket Constituents, and that upon delivery of the Basket Constituents to the applicable Custodian and/or Settlement Agent in accordance with the Procedures, the Investing Pool Trust will acquire good and unencumbered title to such property, free and clear of all liens, charges, duties imposed on the transfer of assets and encumbrances (other than those in favor of the applicable Custodian or the CME clearinghouseclearinghouse of the applicable Futures Exchange) and not subject to any adverse claims or transferability restrictions, whether arising by operation of law or otherwise; andand S2-1

Title to Basket Constituents and iShares Surrendered for Redemption. The Authorized Participant represents and warrants to the Trustee that a. in connection with each Purchase Order, the Authorized Participant will have full power and authority to transfer to the Trust the corresponding Basket Constituents, and that upon delivery of the Basket Constituents to the applicable Custodian and/or Settlement Agent in accordance with the Procedures, the Investing Pool will acquire good and unencumbered title to such property, free and clear of all liens, charges, duties imposed on the transfer of assets and encumbrances (other than those in favor of the applicable Custodian or the CME clearinghouseclearinghouse of the applicable Futures Exchange) and not subject to any adverse claims or transferability restrictions, whether arising by operation of law or otherwise; and