Transfer of Sponsor’s Units. Upon the Sponsor ceasing to serve as Sponsor of the Trust, the Sponsor’s Units shall be purchased by the Trust for a purchase price in cash equal to the Net Asset Value thereof.
Appears in 9 contracts
Samples: Declaration of Trust and Trust Agreement (ConvexityShares Trust), Declaration of Trust and Trust Agreement (ConvexityShares Trust), And Trust Agreement
Transfer of Sponsor’s Units. Upon the Sponsor ceasing to serve as Sponsor of the Trust, the Sponsor’s Units units shall be purchased by the Trust for a purchase price in cash equal to the Net Asset Value thereof.
Appears in 3 contracts
Samples: And Trust Agreement (United States Commodity Index Funds Trust), And Trust Agreement (United States Commodity Index Funds Trust), And Trust Agreement (United States Commodity Index Funds Trust)
Transfer of Sponsor’s Units. Upon the Sponsor ceasing to serve as Sponsor of the Trust, the Sponsor’s Units, to the extent the Sponsor owns Units in any Funds, shall be purchased by the Trust for a purchase price in cash equal to the Net Asset Value thereof.
Appears in 3 contracts
Samples: Trust and Trust Agreement (Amplify Commodity Trust), Trust and Trust Agreement (Amplify Commodity Trust), Trust and Trust Agreement (ETF Managers Group Commodity Trust I)
