Authorized Purchaser Agreement definition

Authorized Purchaser Agreement means an agreement among the Partnership, the General Partner and a Participant, as may be amended or supplemented from time to time in accordance with its terms.

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Authorized Purchaser Agreement means an agreement between the Sponsor (on behalf of Trust) and a Participant, and accepted by the Distributor, substantially in the form of Exhibit B hereto, as it may be amended or supplemented from time to time in accordance with its terms.

Examples of Authorized Purchaser Agreement in a sentence

The Sponsor or its designee will deliver (or cause to be delivered) a copy of the Prospectus to each Participant prior to its execution and delivery of the Authorized Purchaser Agreement and prior to accepting any Purchase Order.
An Authorized Purchaser is required to have signed the Authorized Purchaser Agreement.
The following procedures, as supplemented by the more detailed procedures specified in an attachment to the Authorized Purchaser Agreement for each Fund, which may be amended from time to time in accordance with the provisions of the Authorized Purchaser Agreement (and any such amendment will not constitute an amendment of this Trust Agreement), will govern the Trust with respect to the creation and issuance of Creation Baskets.
The Sponsor or its designee will process Purchase Orders only from Participants with respect to which the Authorized Purchaser Agreement for the Fund is in full force and effect.
The following procedures, as supplemented by the more detailed procedures specified in the attachment to the applicable Authorized Purchaser Agreement, which may be amended from time to time in accordance with the provisions of such Authorized Purchaser Agreement (and any such amendment will not constitute an amendment of this Trust Agreement), will govern the Trust and the Funds with respect to the redemption of Redemption Baskets.
Capitalized terms unless otherwise defined in this Exhibit B, have the meanings attributed to them in the Authorized Purchaser Agreement or the Prospectus.
The Sponsor or its designee will maintain and provide to Limited Shareholders upon request a current list of the Participants for each Fund with respect to which the Authorized Purchaser Agreement is in full force and effect.

More Definitions of Authorized Purchaser Agreement

Authorized Purchaser Agreement. ’ shall mean an agreement among the Partnership, the General Partner and a Participant, as may be amended or supplemented from time to time in accordance with its terms.

Authorized Purchaser Agreement means any authorized purchaser agreement entered into by the Sponsor, the Trust and certain broker dealers from time to time in the form attached hereto as Exhibit A. “Basket” means an aggregation of one hundred thousand (100,000) Units. “Business Day” means any day other than a day when any the Futures Exchanges upon which a Benchmark Component Futures Contract is traded is closed for regular trading. “Futures Exchanges” shall include the New York Mercantile Exchange (“NYMEX”), ICE Futures (“ICE”), Chicago Board of Trade (“CBOT”), Chicago Mercantile Exchange (“CME”), London Metal Exchange (“LME”), Commodity Exchange, Inc. (“COMEX”) or on other foreign exchanges (such exchanges, collectively, the “Futures Exchanges”). “Benchmark Component Futures Contract” shall mean the Futures Contracts that at any given time make up the index of the Fund. “Commission” or “SEC” means the U.S. Securities and Exchange Commission. “Control” means, with respect to any Person, the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ownership of voting securities, by contract or otherwise. “Creation Basket” means a Basket created by an Authorized Purchaser. “Governmental Entity” means any supranational, national, state, local, foreign, political subdivision, court, administrative agency, commission or department or other governmental authority or instrumentality. “Law” means any law, statute, treaty, rule, directive, regulation or guideline or Order of any Governmental Entity. “Orders” means judgments, writs, decrees, compliance agreements, injunctions or orders of any Governmental Entity or arbitrator. “Person” shall be construed broadly and shall include an individual, a partnership, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization or another entity, including a Governmental Entity (or any department, agency or political subdivision thereof). “Prospectus” means, except when otherwise specified, the prospectus, in the form filed by the Sponsor on behalf of the Fund with the Commission on or before the second business day after the date hereof (or such earlier time as may be required under the ▇▇▇▇ ▇▇▇) or, if no such filing is required, the final prospectus and disclosure document of the Trust, constituting a part of the Registration Statement filed with the SEC and declared effective thereby. “...