Examples of Initial Purchaser Agreement in a sentence
The commencement of the Trust’s business and the sale of the Limited Units of each Fund to the respective Initial Purchasers pursuant to each Initial Purchaser Agreement shall commence at such time as the Managing Owner shall determine.
The commencement of the Trust’s business and the sale of the Units to the Initial Purchaser pursuant to the Initial Purchaser Agreement shall commence at such time as the Managing Owner shall determine.
The Trust is specifically authorized hereby to enter into and perform its obligations under the Initial Purchaser Agreement.
The commencement of the Trust’s business and the sale of the Units of each Fund to the Initial Purchaser pursuant to the applicable Initial Purchaser Agreement shall commence at such time as the Managing Owner shall determine.
In the event that the amount of the Organization and Offering Expenses incurred in connection with the creation of the Trust and sale of Units pursuant to the Initial Purchaser Agreement and paid by the Managing Owner is not fully reimbursed by the end of the 36th month of the Trust’s operations, the Managing Owner shall not be entitled to receive, and the Trust shall not be required to pay, any unreimbursed portion of such expenses outstanding as of such date.