ETF Clause Samples

The ETF (Exchange-Traded Fund) clause defines the terms and conditions under which parties may invest in or reference ETFs within the context of the agreement. It typically outlines the permissible types of ETFs, any restrictions on trading or holding such funds, and the procedures for valuing ETF positions. By establishing clear guidelines for ETF-related transactions, this clause helps ensure transparency and manage risk associated with these investment vehicles.
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ETF. EXCEPT AS OTHERWISE PROVIDED IN THIS AGREEMENT, YOU AGREE TO PAY AN EARLY TERMINATION FEE ("ETF") If you disconnect any of the PP Services for any reason before the expiration of the Term, the ETF will be reduced by the amount listed below for each complete month that you maintain and pay for the PP Services during the Term. If you Upgrade or Downgrade services, you will pay the prices for your new services at the rate applicable at the start of your Term. Your two- (2)- year Agreement will continue with the same expiration date. An Upgrade is a change in current MP&W communication services to a level above your current level. A Downgrade is a move in MP&W communication services to a level below your current level, but within the parameters of this Agreement (maintaining bundled MPW Digital TV and MachLink cable-modem services), without disconnecting any or all of your MP&W communication services. ETF fee is calculated as follows: Term ETF Prorated Amount
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ETF. In the event the Agreement is terminated prior to its effective term:
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ETF. Unless you have financed your Device by entering into a Device Payment Agreement, your monthly obligation to Verizon for the Applicable MTN will continue for a period of 2 years (the “Term”). In the event that the Applicable MTN is deactivated prior to the end of the Term due to non-payment or otherwise, you will be subject to an Early Termination Fee (the “ETF”). The ETF for Advanced Devices begins at $350 and the ETF for all other devices begins at $175 with each declining in accordance with the Verizon schedule over the course of the Verizon Agreement.
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ETF. Based on the current requirements on margin trading of SSE and of SZSE, each of SSE and SZSE will suspend further margin trading in an ETF eligible for margin trading on its market after both of the balance of margin trading and the market value of the collaterals in the margin account reaches 75% of the ETF’s listed and tradable market capitalisation. When any one of the percentages drops below 70%, SSE/SZSE will allow margin trading to resume. Neither we nor any Related person shall have any obligation to update you in respect of the list of Eligible Margin Trading Securities or any restrictions or suspensions in respect of margin trading from time to time.
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