Common use of Transmission of Orders, Maintenance of Records Clause in Contracts

Transmission of Orders, Maintenance of Records. The Distributor will transmit promptly any orders received by the Distributor for the purchase or redemption of Shares in Creation Units to the transfer agent of the Company and maintain records of both orders placed with the Distributor and confirmation of acceptance furnished by the Distributor. In addition, the Distributor will maintain a record of the instructions given to the applicable Fund to implement the delivery of its Shares.

Appears in 4 contracts

Samples: Distribution Agreement (ActiveShares ETF Trust), Distribution Agreement (Legg Mason ETF Investment Trust), Distribution Agreement (Gabelli ETFs Trust)

AutoNDA by SimpleDocs

Transmission of Orders, Maintenance of Records. The Distributor will transmit promptly any orders received by the Distributor for the purchase or redemption of Shares in Creation Units to the transfer agent of the Company Trust (the “Transfer Agent”) and maintain records of both orders placed with the Distributor and confirmation of acceptance furnished by the Distributor. In addition, the Distributor will maintain a record of the instructions given to the applicable Fund to implement the delivery of its Shares.

Appears in 1 contract

Samples: Distribution Agreement (Alger ETF Trust)

AutoNDA by SimpleDocs

Transmission of Orders, Maintenance of Records. The Distributor will transmit promptly any orders received by the Distributor for the purchase or redemption of Shares in Creation Units Unites to the transfer agent of the Company and maintain records of both orders placed with the Distributor and confirmation of acceptance furnished by the Distributor. In addition, the Distributor will maintain a record of the instructions given to the applicable Fund to implement the delivery of its Shares.

Appears in 1 contract

Samples: Distribution Agreement (Legg Mason ETF Equity Trust)

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