Examples of Redemption Units in a sentence
The Holder shall execute the certificate of transfer on the back of the certificate or certificates representing the Redemption Units.
The Trust may also lend securities to a potential investor wishing to place an order to create Creation/ Redemption Units if the potential investor is an eligible counterparty (see below).
As a practical matter, only securities dealers or other large investors purchase or redeem Creation/ Redemption Units, most smaller investors will buy and sell Units on the Stock Exchange.
Thereupon, the Redemption Price of such Redemption Units shall be payable to the order of the Person whose name appears on such certificate or certificates as the owner thereof, and each surrendered certificate shall be cancelled.
Units may only be redeemed in Redemption Units (or multiples thereof).