Transfer of Fund Assets. From such funds or other property as may be available for the purpose in the relevant Fund Custody Account, the Custodian shall, upon receipt of Written Instructions specifying that the funds or securities are required to redeem one or more creation units of the Fund, deliver the funds or securities specified in such Written Instructions for payment to or through such bank or broker-dealer as the Written Instructions may designate. The Fund’s transfer agent, as known to the Custodian in pursuant to Section 2.03, shall be an Authorized Person for purposes of this Section 5.01.
Appears in 7 contracts
Samples: Custody Agreement (Amplify Commodity Trust), Custody Agreement (Amplify Commodity Trust), Custody Agreement (Valkyrie Bitcoin Fund)
Transfer of Fund Assets. From such funds or other property as may be available for the purpose in the relevant Fund Custody Account, the Custodian shall, upon receipt of Written Proper Instructions specifying that the funds or securities are required to redeem one or more creation units of the Fund, deliver the funds or securities specified in such Written Proper Instructions for payment to or through such bank or broker-dealer as the Written Proper Instructions may designate. The Fund’s transfer agent, as known to the Custodian in pursuant to Section 2.03, shall be an Authorized Person for purposes of this Section 5.01.. ,
Appears in 4 contracts
Samples: Custody Agreement (ETF Managers Group Commodity Trust I), Custody Agreement (ETF Managers Group Commodity Trust I), Custody Agreement (ETF Managers Group Commodity Trust I)
