Common use of Disposition and Termination Clause in Contracts

Disposition and Termination. The Managing Owner agrees to notify the Escrow Agent in writing of the termination date of the initial offering period described in the Registration Statement (the "Offering Closing Date") and whether or not the Issuer received subscriptions in an amount equal to or greater than the Minimum Subscription Amount. The term "Minimum Subscription Amount" means an aggregate amount of fifty million dollars ($50,000,000), or ten (10) Baskets. Upon receipt of such written notification the following procedure will take place.

Disposition and Termination. The Managing Owner agrees to notify the Escrow Agent in writing of the termination date of the initial offering period described in the Registration Statement (the "“Offering Closing Date"”) and whether or not the Issuer received subscriptions in an amount equal to or greater than the Minimum Subscription Amount. The term "“Minimum Subscription Amount" ” means an aggregate amount of fifty million dollars ($50,000,000), or ten (10) Baskets. Upon receipt of such written notification the following procedure will take place.