Common use of Creation Orders Clause in Contracts

Creation Orders. After the Transfer Agent has received notification of a Submission from the Participant for a creation order for Shares which has been Deemed Received by the Transfer Agent as set forth below in Section IV, the Transfer Agent shall initiate procedures to transfer the requisite Shares through DTC and the DTC Participant and the Cash Component, if any, through the Federal Reserve Bank wire system so as to be received by the Participant, as applicable under Section II above: (i) for 3:00 p.m. T+0 Settlement, (ii) for End of Day T+0 Settlement; or (iii) no later than 3:00 p.m. Eastern time on the following the Business Day on which the Submission is Deemed Received by the Transfer Agent for a T+1 Order.