Creation Basket Deposit definition

Creation Basket Deposit of a Fund means the Deposit made by an Authorized Purchaser in connection with a Purchase Order and the creation of a Creation Basket in an amount equal to the product obtained by multiplying (i) the number of Creation Baskets set forth in the relevant Purchase Order by (ii) the Net Asset Value Per Basket of such Fund calculated on the Purchase Order Date.
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Creation Basket Deposit shall have the meaning and be calculated in the manner specified in Section 2.08 herein.
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Creation Basket Deposit means the quantity of bitcoin required to create each Creation Basket in a creation transaction as determined by the Administrator each Business Day. Each Participant is responsible for ensuring that the Creation Basket Deposit and/or the Creation Basket it intends to transfer to the Trust in exchange for Creation Baskets or redemption proceeds, as applicable, is available for transfer to such Trust in the manner and at the times described in these Procedures. Participants will be required to pay a nonrefundable per order transaction fee of $250 to the Transfer Agent (the “Transaction Fee”). IMPORTANT NOTES: • Any Creation Order is subject to acceptance or rejection by the Transfer Agent, in consultation with the Sponsor, for the reasons set forth in the Trust Agreement or the Participant Agreement. • Any Redemption Order is subject to acceptance or rejection by the Transfer Agent, in consultation with the Sponsor, for the reasons set forth in the Trust Agreement or the Participant Agreement. • All Orders are subject to the provisions of the Trust Agreement and the Participant Agreement relating to unclear or ambiguous instructions. TRANSFER AGENT CONTACT INFORMATION: BNY Mellon ETF Order Desk 000 Xxxxxxxxx Xxxxxx New York, NY 10286 Email: XXXXXXXXxxxxXxxx@xxxxxxxxx.xxx Phone: 0-000-000-0000 Fax: 0-000-000-0000 / 9549 ANNEX I WEBSITE BASED ORDERS AND
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Examples of Creation Basket Deposit in a sentence

  • All questions as to the composition of a Creation Basket Deposit are finally determined by the Trustee.

  • The Trustee’s determination of the Creation Basket Deposit shall be final and binding on all persons interested in the Trust.Delivery of Required DepositsAn Authorized Participant who places a purchase order is responsible for crediting its Authorized Participant Unallocated Account with the required gold deposit amount by the end of the second business day in London following the purchase order date.

  • All questions as to the composition of a Creation Basket Deposit will be finally determined by the Trustee.

  • The Marketing Agent will publish an estimate of the Creation Basket Deposit requirements at the beginning of each business day.

  • The Exchange notes that investors purchasing Shares directly from the Trust (by delivery of the Creation Basket Deposit) will receive a prospectus.

  • None of the Sponsor, the Marketing Agent or the Custodian will be liable for the rejection of any purchase order or Creation Basket Deposit.

  • The Trustee's determination of the Creation Basket Deposit shall be final and binding on all persons interested in the Trust.Delivery of required depositsAn Authorized Participant who places a purchase order is responsible for crediting its Authorized Participant Unallocated Account with the required gold deposit amount by the end of the second business day in London following the purchase order date.

  • None of the Sponsor, Distributor or transfer agent will be liable for the rejection of any purchase order or Creation Basket Deposit.

  • The Trustee’s determination of the Creation Basket Deposit shall be final and binding on all persons interested in the Trust.

  • Rejection of purchase orders The Trustee may reject a purchase order or a Creation Basket Deposit if such order or Creation Basket Deposit is not presented in proper form as described in the Authorized Participant Agreement or if the fulfillment of the order, in the opinion of counsel, might be unlawful.

Related to Creation Basket Deposit

  • Creation Basket means the minimum number of Limited Units of a Fund that may be created at any one time, which shall be 200,000 or such greater or lesser number as the Managing Owner may determine from time to time for each Fund.

  • Redemption Basket means 100,000 Units or such other number of Units as may be determined by the General Partner from time to time, redeemed by a Participant.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Creation Unit means an aggregation of a specified number of Shares as stated in the Prospectus for the applicable Fund.