Basket Amount definition

Basket Amount has the meaning set forth in Section 10.5(b).

Basket Amount shall have the meaning set forth in Section 8.4(a).

Basket Amount has the meaning specified in Section 12.4(b).

Examples of Basket Amount in a sentence

• The Sponsor intends to publish, or may designate other persons to publish, for each Business Day, the Basket Amount.

• As soon as reasonably practicable following receipt of a properly completed Purchase Order but not later than 5:30 p.m. (New York time) on the Order Date for such Purchase Order, the Trustee shall send to the Authorized Participant (with copy to the Custodian), via facsimile or electronic mail message, a copy of the corresponding Purchase Order endorsed “Accepted” by the Trustee and indicating the Basket Amount that the Authorized Participant shall Deliver to the Custodian in respect of each Basket.

• The amount of Trust Property represented by each Share, the number of Shares comprising a Basket and the Basket Amount shall be adjusted as appropriate as of the open of business on the Business Day following the record date for a split or reverse split of the Shares.

• All representations and warranties deemed to be made under this Section 3.2 shall survive the Delivery of a Basket Amount, Delivery or Surrender of Shares or termination of this Agreement.

• After the Initial Delivery, the Basket Amount shall be an amount of CERFs and cash (or, as determined by the Administrative Trustee at the direction of the Sponsor, Short-Term Securities in lieu of cash) with a value equal to the Net Asset Value per Basket.

More Definitions of Basket Amount

Basket Amount has the meaning set forth in Section 7.2(a).

Basket Amount shall have the meaning set forth in Part VI of Appendix B.

Basket Amount is defined in Section 9.5(b).

Basket Amount shall have the meaning set forth in Section 12.3 hereof.

Basket Amount has the meaning set forth in Section 9.1(a) of this Agreement.

Basket Amount means the specific basket amount term defined in Section 1.1 of the relevant Trust Agreement (e.g., the “Basket Silver Amount” in the case of the ETFS Silver Trust; the “Basket Gold Amount” in the case of the ETFS Gold Trust; the “Basket Platinum Amount” in the case of the ETFS Platinum Trust; the “Basket Palladium Amount” in the case of the ETFS Palladium Trust; and the “Basket Bullion Amount” in the case of the ETFS Precious Metals Basket Trust).

Basket Amount has the meaning set forth in Section 7.5(b)(ii) hereof.