Creation Order definition

Creation Order shall have the meaning set forth in Section 3(b) of the Participants Agreement.

Creation Order has the meaning assigned thereto in Section 3.3(a)(i).

Creation Order has the meaning set forth in Section 3.3(a)(i).

Examples of Creation Order in a sentence

• On the Creation Trade Date, following receipt of the Creation Order from the Authorized Participant, the Trust shall, in its sole discretion, select a Liquidity Provider and execute a trade to purchase Ether from that Liquidity Provider in the amount of the Creation Basket Deposit, with the purchased Ether to be delivered by the Liquidity Provider on the settlement date (“Creation Settlement Date”) in exchange for a cash price to be delivered by the Trust on the Creation Settlement Date.

• In the event that an Order Form contains terms that are illegible, as determined in the sole discretion of the Transfer Agent or Sponsor (in the case of a Creation Order) or the Transfer Agent (in the case of a Redemption Order), the Order will be deemed invalid and will not be processed.

• Upon settlement of the Ether purchase from the Liquidity Provider and the deposit of Ether in the Trust’s Clearing Account, the Trust instructs the Transfer Agent to release the Shares to the Authorized Participant by close of business on the Creation Settlement Date and the Creation Order is settled.

• If the Order is placed by the Authorized Participant in proper form prior to the Order Cut-Off Time for a Creation Order on a Business Day (the “Creation Order Cut-Off Time”), that Business Day shall be the Trade Date for the Creation Order (“Creation Trade Date”); if the Order is not placed in proper form prior to the Creation Order Cut-Off Time on such date, it shall be deemed to be received on the immediately following Business Day.

More Definitions of Creation Order

Creation Order has the meaning set forth in Section 6.2(b) of this Trust Agreement.

Creation Order means a Purchase Order, and these two terms are used interchangeably herein.

Creation Order means an order to create shares of Client delivered by an Authorized Participant in accordance with the applicable Authorized Participant Agreement.

Creation Order shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement.

Creation Order shall have the meaning ascribed to such term in the Addendum.

Creation Order means an order for the creation of one or more Creation Units submitted by an Authorized Participant in an Order Form.

Creation Order means an order for the issuance one or more Creation Units of the Fund submitted by an Authorized Participant and accepted by the Fund.