Examples of Purchase Order Subscription Date in a sentence
By the Order Cut-Off Time (1:00 p.m. N.Y. time) on the Purchase Order Subscription Date, an Authorized Person of the Participant calls the Managing Owner at (000) 000-0000 to notify the Managing Owner that the Participant wishes to place a Purchase Order and Subscription Agreement with the Managing Owner to create an identified number of Creation Baskets and to request that the Managing Owner provide an order number (an “Order Number”).
By the Order Cut-Off Time (10:00 a.m. N.Y. time) on the Purchase Order Subscription Date, an Authorized Person of the Participant calls the Managing Owner at ( ) - to notify the Managing Owner that the Participant wishes to place a Purchase Order and Subscription Agreement with the Managing Owner to create an identified number of Creation Baskets and to request that the Managing Owner provide an order number (an “Order Number”).
By the Order Cut-Off Time on the Purchase Order Subscription Date, an Authorized Person of the Participant calls the Distributor at (866) 453–5199 to notify the Distributor, that the Participant wishes to place a Creation/Redemption Order Form with the Distributor to create an identified number of Creation Baskets and to request that the Distributor provide an order number (an “Order Number”).
Any underpayment or overpayment, based on the difference between the Creation Basket Capital Contribution and the final settlement price will be paid or refunded, as applicable, by 10:00 a.m. on the second Business Day after the Purchase Order Subscription Date.
DER Oversight of Enterprise Remediation Similar to other federal financial regulators, FHFA issues MRAs only for “the most serious supervisory matters.” Because an MRA identifies a “serious deficiency,” FHFA requires “prompt remediation” by the institution to which the MRA was issued, and examiners are required to “check and document” the progress of MRA remediation.
Purchase Orders must be received by the Sponsor or its designee by the Order Cut-Off Time on a Business Day (the "Purchase Order Subscription Date").
After accepting a Participant's Purchase Order Subscription Agreement, the Sponsor will issue and deliver, or cause the issuance and delivery of, Shares attributable to each Creation Basket to fill such Participant's Purchase Order Subscription Agreement on the third Business Day immediately following the Purchase Order Subscription Date, upon confirmation of receipt by the Trust of the full amount of the final settlement price.