Creation Units definition

Creation Units means the specified number of ETF Units for issuance or redemption as determined by the Asset Management Company and disclosed in the Constitutive Documents.

Creation Units means aggregations of Shares in each Fund as more fully described in the currently effective Prospectus.

Creation Units means the minimum number of Shares for subscription in kind or

Examples of Creation Units in a sentence

• The indemnifying party agrees to notify the indemnified party promptly of the commencement of any litigation or proceedings against it or any of its officers or directors in connection with the purchase or redemption of any of the Creation Units or the Shares.

• The Trust acknowledges that the Distributor shall not be obligated to approve any certain number of orders for Creation Units.

• Upon due notice to the Distributor, the Trust shall suspend the Distributor’s authority to review and approve Creation Units if, in the judgment of the Trust, it is in the best interests of the Trust to do so.

• Upon reasonable notice to the Distributor and in accordance with the procedures described in the Prospectus, the Trust reserves the right to reject any order for Creation Units or to stop all receipts of such orders at any time.

• For example, because new Creation Units of Shares may be issued and sold by a Fund on an ongoing basis, a “distribution”, as such term is used in the 1933 Act, may occur at any point.

More Definitions of Creation Units

Creation Units means the minimum number of shares for subscription in kind or in cash

Creation Units means the minimum number of shares for subscription in kind or in cashor the minimum number of shares for redemption in kind or in cash, which shall be 50,000. The Company may accept subscriptions and pay redemptions either in kind or in cash for the Index Funds. The Company may accept subscriptions and pay redemptions in cash only for the First Trust FactorFX UCITS ETF and the First Trust Low Duration Global Government Bond UCITS ETF;

Creation Units means the minimum number of Shares for subscription in kind orthe minimum number of Shares for redemption in kind, which shall be set out in the Supplement for the relevant Fund and as may be lowered by the Directors either generally or in any particular case;

Creation Units means the minimum number of Units for subscription inkind or in cash or the minimum number of Units for redemption in kind or in cash, in a minimum number to be determined by the Management Company, in conjunction with the Administrator, from time to time in respect of each Sub-Fund;

Creation Units means the minimum number of shares for subscription in kind or in cashor the minimum number of shares for redemption in kind or in cash, which shall be 50,000. The Company may accept subscriptions and pay redemptions either in kind or in cash for certain Funds and the Company may accept subscriptions and pay redemptions in cash only for certain other Funds. Details of these requirements are set out in the relevant Supplement;

Creation Units means units ordinarily issued for the purchase and redemption of Shares of the BFA Recipient only in aggregations of Shares (currently 40,000 Shares, which amount can be changed over time).

Creation Units means blocks of Fund shares (or multiples thereof) as described in the Prospectus; “DTC” means the Depository Trust Company;