Order Cut-Off Time definition

Order Cut-Off Time means 10:00 a.m., New York time, on a Business Day.

Order Cut-Off Time means such time as disclosed in the Prospectus by which orders for creation or redemption of Baskets must be placed.

Order Cut-Off Time means 10:00 am, Eastern Time, on each Business Day. Baskets may be created and redeemed on any Business Day in exchange for the applicable Creation Basket Capital Contribution or Redemption Basket, respectively, from the Participant.

Examples of Order Cut-Off Time in a sentence

• The Order shall be deemed to be received on the Business Day on which the Order is placed provided that the Order is completed in proper form prior to the Order Cut-Off Time on such date and cash in the appropriate amount is deposited with the Custodian by 1:00 p.m. Eastern Time or such other time as designated by the Custodian on the settlement date.

• If the Electronic Interface is not available, Orders may be placed by telephone, as described in section 1.c. If a Purchase Order is not complete prior to the Order Cut-Off Time (as defined below), the Order will not be processed.

• To complete an Order, the Authorized Participant must respond to the telephone representative with its approval of the written Order Form by electronic mail prior to the Order Cut-Off Time.

• If the Order is not completed in proper form by the Order Cut-Off Time or federal funds in the appropriate amount are not received by 1:00 p.m. Eastern Time on the settlement date, then the Order will be rejected as invalid and the Authorized Participant shall be liable to the relevant Fund for losses, if any, resulting therefrom.

• Redemption Orders that are not completed prior to the Order Cut-Off Time will be processed on the next Business Day.

More Definitions of Order Cut-Off Time

Order Cut-Off Time shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement.

Order Cut-Off Time means 1:00 pm, New York time, on each Business Day. Baskets are issued pursuant to the Prospectus, which will be delivered by the Managing Owner to each Participant prior to its execution of the Participant Agreement, and are issued and redeemed in accordance with the Trust Agreement and the Participant Agreement. Baskets may be issued and redeemed on any Business Day by the Managing Owner in exchange for the Creation Basket Capital Contribution, which the Managing Owner receives from Participants or Redemption Distributions to Participants, in each case on behalf of the Trust. Participants will be required to pay a nonrefundable per order transaction fee of $500 to the Managing Owner (the “Transaction Fee”). Each Participant is responsible for ensuring that the Creation Basket Capital Contribution it intends to transfer to a Fund in exchange for Creation Baskets is available for transfer to such Fund in the manner and at the times described in these Procedures. Upon acceptance of the Participant Agreement by the Managing Owner, the Managing Owner will assign a personal identification number (a “PIN number”) to each Authorized Person authorized to act for the Participant. This will allow the Participant through its Authorized Person(s) to place Purchase Order Subscription Agreement(s) or Redemption Order(s) for Baskets. Important Notes: • Any Order is subject to rejection by the Managing Owner 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. CREATION PROCESS An order to purchase one or more Creation Baskets placed by a Participant with the Managing Owner by a telephone call placed by the Order Cut-Off Time on a Business Day (such day, “Purchase Order Subscription Date”) results in the issuance and delivery of Creation Baskets at noon, New York time, on the Business Day immediately following the Purchase Order Subscription Date if the Managing Owner has received: • for its own account, the Transaction Fee, and • for the account of the applicable Fund the Creation Basket Capital Contribution due from the Participant submitting the Purchase Order Subscription Agreement.

Order Cut-Off Time means 2:40 p.m. (New York time) or, on any day that the Chicago Mercantile Exchange is scheduled to close early, the time of the close of trading in CERFs on the Chicago Mercantile Exchange on such day.

Order Cut-Off Time means 2:40 p.m. (New York time) or, on any day that the applicable Futures Exchange is scheduled to close early, the time of the close of trading in the Index Futures on the applicable Futures Exchange on such day; provided, that the Order Cut-Off Time for any Purchase Order paid for in cash rather than Basket Constituents shall be no later than 10:00 a.m. (New York time).

Order Cut-Off Time has the meaning set forth in Attachment B to the Participants Agreement.

Order Cut-Off Time means 10:00 am, New York time, on a Business Day.

Order Cut-Off Time means the time by which Orders must be received on the Business Day in order to purchase or redeem Creation Units at the NAV set forth in the Prospectus for that Business Day.