Common use of Creation Units Clause in Contracts

Creation Units. The Shares of any Fund may be purchased or redeemed only in aggregations of a specified number of Shares, as stated in the Prospectus, referred to herein as a “Creation Unit”. The Participant is hereby authorized to purchase and redeem Creation Units of any Fund listed in the Prospectus except for those Funds set forth in Annex I, which may be revised by the Trust from time to time.

Appears in 2 contracts

Samples: Authorized Participant Agreement (Bear Stearns Active Etf Trust), Authorized Participant Agreement (Proshares Trust)

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Creation Units. The Shares of any Fund may be purchased or redeemed only in aggregations of a specified number of Shares, as stated in the Prospectus, referred to herein as a “Creation Unit”. .” The Participant is hereby authorized to purchase and redeem Creation Units of any Fund listed in the Prospectus except for those Funds set forth in Annex I, which may be revised by the Trust from time to timetime on reasonable written notice to Participant.

Appears in 2 contracts

Samples: Authorized Participant Agreement (Proshares Trust), Authorized Participant Agreement (Proshares Trust)

Creation Units. The Shares of any Fund may be purchased or redeemed only in aggregations of a specified number of Shares, as stated in the Prospectus, referred to herein as a “Creation Unit”. The Participant is hereby authorized to purchase and redeem Creation Units of any Fund listed in the Prospectus except for those Funds set forth in Annex IProspectus, which may be revised by the Trust Fund from time to time.

Appears in 1 contract

Samples: Authorized Participant Agreement (Schwab Strategic Trust)

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Creation Units. The Shares of any Fund may be purchased or redeemed only in aggregations of a specified number of Shares, as stated in the Prospectus, referred to herein as a "Creation Unit”. ." The Participant is hereby authorized to purchase and redeem Creation Units of any Fund listed in the Prospectus except for those Funds set forth in Annex I, which may be revised by the Trust from time to timetime on reasonable written notice to Participant.

Appears in 1 contract

Samples: Authorized Participant Agreement (Proshares Trust)

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