Common use of Delayed Settlement Clause in Contracts

Delayed Settlement. If the aggregate Cash Amount is not delivered on the date required pursuant to paragraph (e) above, upon the approval or at the direction of the Sponsor, in the Sponsor’s sole discretion, the Fund shall issue the aggregate number of Paired Shares corresponding to the Basket(s) subject to the Purchase Order and deliver them, by credit to the account at DTC which the Authorized Participant shall have identified for such purpose in its Purchase Order, simultaneously with receipt of the aggregate Cash Amount on a date that is up to five Business Days following T (“T+5”); provided that by such time and on or before such date the conditions set forth in clauses (i) and (ii) of paragraph (f) above shall have been met. The Sponsor may, in its sole discretion, require the Authorized Participant to pay a fee in connection with any delayed settlement pursuant to this paragraph (g) in such amount as the Sponsor may determine.