Failure to Deliver Collateral or Shares. The Participant understands and agrees that in the event collateral or Shares are not transferred to the Fund, a Redemption Request may be rejected by the Fund and the Participant will be solely responsible for all costs and losses and fees reasonably incurred by the Fund, the Index Receipt Agent or the Distributor related to the rejected Order.
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Samples: Authorized Participant Agreement (Proshares Trust), Authorized Participant Agreement (Proshares Trust), Authorized Participant Agreement (Proshares Trust)
Failure to Deliver Collateral or Shares. The Participant understands and agrees that in the event collateral or Shares are not transferred to the Fund, a Redemption Request may be rejected by the Fund and the Participant will be solely responsible for all costs and losses and fees reasonably incurred by the Fund, the Index Receipt Agent or the Distributor related to the rejected Order.
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