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

• 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.

• To effect the redemption of a Creation Unit of a Fund, the Participant agrees to deliver to the Trust, the requisite number of Shares comprising the number of Creation Units being redeemed plus any applicable Cash Balancing Amount and Cash Component.

• The Participant hereby represents and warrants that with respect to all Orders for Creation Units of any Fund, (i) it is a DTC Participant, (ii) it has the ability to transact through the CNS Clearing Process, and (iii) it has the ability to transact outside the CNS Clearing Process through such processes designated by such Fund.

• In addition, the Participant understands that any advertising material that addresses redemptions of Shares and the Prospectus will disclose that Shares are not individually redeemable and that the owners of Shares may acquire Shares and tender Shares for redemption to the Trust in Creation Units only.

More Definitions of Creation Units

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 or in cash

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;