WITHDRAWAL OF THE SPONSOR. (a) The Sponsor may withdraw voluntarily as the Sponsor of the Trust only upon ninety (90) days’ prior notice to all Unitholders and the Trustee. If the Sponsor withdraws and a successor Sponsor is selected in accordance with Section 14.1(a)(ii), the withdrawing Sponsor shall pay all expenses as a result of its withdrawal.
Appears in 11 contracts
Samples: Declaration of Trust and Trust Agreement (ConvexityShares Trust), And Trust Agreement, And Trust Agreement (United States Commodity Index Funds Trust)
WITHDRAWAL OF THE SPONSOR. (a) The Sponsor may withdraw voluntarily as the Sponsor of the Trust only upon ninety (90) days’ prior written notice to all Unitholders Limited Shareholders and the Trustee. If the Sponsor withdraws and a successor Sponsor is selected in accordance with Section 14.1(a)(ii13.1(a)(ii), the withdrawing Sponsor shall pay all expenses as a result of its withdrawal.
Appears in 10 contracts
Samples: Authorized Purchaser Agreement (Tidal Commodities Trust I), Authorized Purchaser Agreement, Authorized Purchaser Agreement (Bitwise ETF Trust)
WITHDRAWAL OF THE SPONSOR. (a) The Sponsor may withdraw voluntarily as the Sponsor of the Trust only upon ninety thirty (9030) days’ prior notice to all Unitholders and the Trustee. If the Sponsor withdraws and a successor Sponsor is selected in accordance with Section 14.1(a)(ii14.1(a)(iii), the withdrawing Sponsor shall pay all expenses as a result of its withdrawal.
Appears in 4 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)
