Common use of Exchange Privilege Clause in Contracts

Exchange Privilege. The Sponsor shall have the authority to provide that the holders of Shares of any Series shall have the right to exchange said Shares for Shares of one or more other Series of Shares, in accordance with such requirements and procedures as may be established by the Sponsor.

Appears in 7 contracts

Samples: Agreement and Declaration (World Gold Trust), Agreement and Declaration (World Gold Trust), Agreement and Declaration of Trust (Global Currency Gold Trust)

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Exchange Privilege. The Sponsor shall have the authority to provide that the holders of Shares of any Series or Class shall have the right to exchange said Shares for Shares of one or more other Series or Class of Shares, in accordance with such requirements and procedures as may be established by the Sponsor.

Appears in 3 contracts

Samples: Agreement and Declaration of Trust (Franklin Templeton Holdings Trust), Agreement and Declaration of Trust (Franklin Templeton Digital Holdings Trust), Agreement and Declaration of Trust (Franklin Templeton Digital Holdings Trust)

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Exchange Privilege. The Sponsor shall have the authority to provide that the holders of Shares of any Series Series, or any Class of such Series, or any Class of such Series, shall have the right to exchange said Shares for Shares of one or more other Series of Shares, or one or more other Classes of such Series, in accordance with such requirements and procedures as may be established by the Sponsor.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (Global Currency Gold Trust)

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