Initial Creation means the initial creation of Shares pursuant to the provisions of Section 2.01 hereof.
Initial Creation means the initial creation of iShares pursuant to the provisions of Section 2.01.
Initial Creation means the initial creation of iShares of a Trust pursuant to the provisions of Section 2.01.
Examples of Initial Creation in a sentence
After the Initial Creation, the issuance and Delivery of Shares shall take place only in integral numbers of Baskets in compliance with the following rules: a.
More Definitions of Initial Creation
Initial Creation shall have the meaning ascribed to such term in Section 2.01 hereof.
Initial Creation means the first Creation of Shares pursuant to the provisions of Section 2.1.
Initial Creation means the initial creation of Shares pursuant to the provisions of Section 2.01 hereof. “LBMA” shall mean the London Bullion Market Association or its successor. “London Business Day” shall mean a day (other than a Saturday, Sunday or a public holiday in England) on which commercial banks generally and the over-the-counter markets in gold, as coordinated by the LBMA, are open for the transaction of business in London. “London Good Delivery Standards” shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. “Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Order Cutoff Time” shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. “Order Date” shall have, (i) with respect to a Purchase Order, the meaning ascribed to the term in Section 2.3(a) of the Trust Agreement; and (ii) with respect to a Redemption Order, the meaning ascribed to the term in Section 2.6(a) of the Trust Agreement. “Person” shall mean any natural person or any limited liability company, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or other entity or government or any agency or political subdivision thereof. “Procedures” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Prospectus” or “Prospectuses” means the current prospectus of the Trust included in its effective registration statement, as supplemented or amended from time to time. “Purchase Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Redemption Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Securities Act” means the Securities Act of 1933, as amended. “Shares” means Shares issued by the Trust pursuant to the provisions of the Trust Agreement. “Sponsor” shall mean Merk Investments LLC, a Delaware limited liability company, in its capacity as the sponsor of the Trust under the Trust Agreement, and any successor thereto in compliance with the provisions thereof. - 9 - “Sponsor Indemnified Party” shall have the meaning ascribed to such term in Sections 6.01.b of the Standard Terms. “Standard Terms” shall have the meaning ascribed to such term in Section 2 of the Authorized Participant Agreement. “Transaction Fee” means a fee of $500 to be paid by the Authorized Participant to the Trustee for each Purchase Order or Redemption ...