Certain Payments or Distributions. a. With respect to any Purchase Order, the Trustee acknowledges and agrees to return to the Authorized Participant or any Authorized Participant Client for which it is acting any payment, distribution or other amount paid to the Trust in respect of any Deposit Property transferred to the Trust that, based on the valuation of such Deposit Property at the time of transfer, should have been paid to the Authorized Participant or any Authorized Participant Client. Likewise, the Authorized Participant acknowledges and agrees to return to the Trust any payment, distribution or other amount paid to the Authorized Participant or any Authorized Participant Client in respect of any Deposit Property transferred to the Trust that, based on the valuation of such Deposit Property at the time of transfer, should have been paid to the Trust.
Appears in 14 contracts
Samples: Authorized Participant Agreement (Abrdn Palladium ETF Trust), Authorized Participant Agreement (Abrdn Silver ETF Trust), Authorized Participant Agreement (Abrdn Platinum ETF Trust)
Certain Payments or Distributions. a. With respect to any Purchase Order, the Trustee acknowledges and agrees to return to the Authorized Participant Participant, for its own benefit or for the benefit of any Authorized Participant Client for which it is acting acting, any payment, distribution or other amount paid to the Trust in respect of any Deposit Property transferred to the Trust that, based on the valuation of such Deposit Property at the time of transfer, should have been paid to the Authorized Participant or any Authorized Participant Client. Likewise, the Authorized Participant acknowledges and agrees to return to the Trust any payment, distribution or other amount paid to the Authorized Participant or any Authorized Participant Client in respect of any Deposit Property transferred to the Trust that, based on the valuation of such Deposit Property at the time of transfer, should have been paid to the Trust.
Appears in 7 contracts
Samples: Authorized Participant Agreement, Authorized Participant Agreement (Perth Mint Physical Gold ETF), Authorized Participant Agreement (GraniteShares Platinum Trust)
Certain Payments or Distributions. a. With respect to any Purchase Order, the Trustee Administrator acknowledges and agrees to return to the Authorized Participant Participant, for its own benefit or for the benefit of any Authorized Participant Client for which it is acting acting, any payment, distribution or other amount paid to the Trust in respect of any Deposit Property transferred to the Trust that, based on the valuation of such Deposit Property at the time of transfer, should have been paid to the Authorized Participant or any Authorized Participant Client. Likewise, the Authorized Participant acknowledges and agrees to return to the Trust any payment, distribution or other amount paid to the Authorized Participant or any Authorized Participant Client in respect of any Deposit Property transferred to the Trust that, based on the valuation of such Deposit Property at the time of transfer, should have been paid to the Trust.
Appears in 1 contract
Samples: Authorized Participant Agreement (Bitcoin Investment Trust)
Certain Payments or Distributions. a. With respect to any Purchase Order, the Trustee Transfer Agent acknowledges and agrees to return to the Authorized Participant or any Authorized Participant Client for which it is acting any payment, distribution or other amount paid to the Trust in respect of any Deposit Property transferred to the Trust that, based on the valuation of such Deposit Property at the time of transfer, should have been paid to the Authorized Participant or any Authorized Participant Client. Likewise, the Authorized Participant acknowledges and agrees to return to the Trust any payment, distribution or other amount paid to the Authorized Participant or any Authorized Participant Client in respect of any Deposit Property transferred to the Trust that, based on the valuation of such Deposit Property at the time of transfer, should have been paid to the Trust.
Appears in 1 contract
Samples: Authorized Participant Agreement (Bitwise Bitcoin ETF)