Common use of TO BE COMPLETED BY TRUSTEE Clause in Contracts

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Euro Final # of [FXE] Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Euro CurrencyShares (the “Shares”) issuable by The Bank of New York, as trustee (the “Trustee”) of the Euro Currency Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Euro between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Euro also are described. Under these Procedures, Baskets may be issued only in consideration for Euro transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of December 5, 2006, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 4 contracts

Samples: Participant Agreement (Currencyshares Euro Trust), Participant Agreement (Currencyshares Euro Trust), Participant Agreement (Currencyshares Euro Trust)

AutoNDA by SimpleDocs

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Euro Swedish Kronor Final # of [FXE] FXS Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Euro CurrencyShares Swedish Krona Trust shares (the “Shares”) issuable by The Bank of New York, as trustee (the “Trustee”) of the Euro Currency CurrencyShares Swedish Krona Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Euro Swedish Kronor between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Euro Swedish Kronor also are described. Under these Procedures, Baskets may be issued only in consideration for Euro Swedish Kronor transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of December 5[ ], 2006, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 4 contracts

Samples: Participant Agreement (Currencyshares Swedish Krona Trust), Participant Agreement (Currencyshares Swedish Krona Trust), Participant Agreement (Currencyshares Swedish Krona Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Euro Japanese Yen Final # of [FXE] FXY Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Euro CurrencyShares Japanese Yen Trust shares (the “Shares”) issuable by The Bank of New York, as trustee (the “Trustee”) of the Euro Currency CurrencyShares Japanese Yen Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Euro Japanese Yen between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Euro Japanese Yen also are described. Under these Procedures, Baskets may be issued only in consideration for Euro Japanese Yen transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of December 5[ ], 20062007, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 4 contracts

Samples: Participant Agreement (Currencyshares Japanese Yen Trust), Participant Agreement (Currencyshares Japanese Yen Trust), Participant Agreement (Currencyshares Japanese Yen Trust)

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Euro Singapore Dollars Final # of [FXEFX[ ] Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Euro CurrencyShares Singapore Dollar Trust shares (the “Shares”) issuable by The Bank of New York, as trustee (the “Trustee”) of the Euro Currency CurrencyShares Singapore Dollar Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Euro Singapore Dollars between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Euro Singapore Dollars also are described. Under these Procedures, Baskets may be issued only in consideration for Euro Singapore Dollar transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of December 5[ ], 2006200__, between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (CurrencyShares Singapore Dollar Trust)

AutoNDA by SimpleDocs

TO BE COMPLETED BY TRUSTEE. This certifies that the above order has been: Accepted by the Trustee Declined-Reason: Final # of Euro Russian Rubles Final # of [FXEFX[ ] Shares Date Time Authorized Signature of Trustee These procedures (the “Procedures”) describe the processes by which one or more Baskets of Euro CurrencyShares Russian Xxxxx Trust shares (the “Shares”) issuable by The Bank of New York, as trustee (the “Trustee”) of the Euro Currency CurrencyShares Russian Xxxxx Trust (the “Trust”), may be purchased or, once Shares have been issued, redeemed by an Authorized Participant. Shares may be created or redeemed only in blocks of 50,000 Shares (each such block, a “Basket”). Because the issuance and redemption of Baskets also involve the transfer of Euro Russian Rubles between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Euro Russian Rubles also are described. Under these Procedures, Baskets may be issued only in consideration for Euro Russian Xxxxx transferred to and held in the Trust’s accounts maintained in London, England by London Branch of JPMorgan Chase Bank, N.A., as depository (the “Depository”). Capitalized terms used in these Procedures without further definition have the meanings assigned to them in the Depositary Trust Agreement, dated as of December 5[ ], 2006200 , between Rydex Specialized Products LLC (the “Sponsor”), the Trustee, the registered owners and beneficial owners from time to time of Shares issued thereunder and all depositors (the “Trust Agreement”), or the Participant Agreement entered into by each Authorized Participant with the Sponsor and the Trustee.

Appears in 1 contract

Samples: Participant Agreement (CurrencyShares Russian Ruble Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!