Basket definition

Basket has the meaning set forth in Section 8.04(a).

Basket has the meaning set forth in Section 9.4(a).

Basket means the notional basket comprised of the Shares, as described under “THE BASKET”.

Examples of Basket in a sentence

• None of the Sponsor, the Transfer Agent, the Person authorized to take Purchase Orders in the manner provided in the Authorized Participant Agreement, the Ether Custodian, or the cash custodian shall be liable for the rejection of any Purchase Order or Creation Basket Deposit.

• The Basket of Allowances will be paid to the Employee as part of the Employee’s salary every month.

• To determine the Creation Basket Deposit, the Administrator starts by determining the number of ether held by the Trust as of the opening of business on Trade Date, and subtracts the amount of ether constituting estimated accrued but unpaid fees and expenses of the Trust as of the opening of business on Trade Date.

• All representations and warranties deemed to be made under this Section 3.4 shall survive the Delivery of a Basket Ether Amount, Delivery or Surrender of Shares or termination of this Agreement.

• Pending the receipt of In-Kind Regulatory Approval, the total deposit, in cash, required to create each Basket (“Basket Cash Component”) changes from day to day.

More Definitions of Basket

Basket means a Creation Basket or a Redemption Basket, as the context may require.

Basket shall have the meaning set forth in Section 10.6(b).

Basket has the meaning set forth in Section 7.3(a).

Basket is defined in Section 8.4(a).

Basket shall have the meaning assigned thereto in Section 11.3.

Basket means 50,000 Shares, except that the Trustee, in consultation with the Sponsor, may from time to time increase or decrease the number of Shares comprising a Basket.

Basket shall have the meaning as set forth in Section 5.4.