Common use of Global Certificate Clause in Contracts

Global Certificate. The Trust and the Manager and, if necessary, the Depository will enter into the Depository Arrangement pursuant to which the Depository will act as securities depository for the Shares. Shares will be represented by the Global Certificate (which may consist of one or more certificates as required by the Depository), which will be registered, as the Depository shall direct, in the name of Cede & Co., as nominee for the Depository (or such other nominee as the Depository may designate), and deposited with, or on behalf of, the Depository. No other certificates evidencing the Shares will be issued. The Global Certificate shall be substantially in the form attached hereto as Exhibit A and shall represent such Shares as shall be specified therein, and may provide that it shall represent the aggregate amount of outstanding Shares from time to time endorsed thereon and that the aggregate amount of outstanding Shares represented thereby may from time to time be increased or decreased to reflect the issuance of additional Shares or redemption of Shares. Any endorsement of a Global Certificate to reflect the amount, or any increase or decrease in the amount, of outstanding Shares represented thereby shall be made in such manner and upon instructions given by the Manager on the Trust’s behalf as specified in the Depository Arrangement.

Global Certificate. The Trust and the Manager and, if necessary, the Depository will enter into the Depository Arrangement pursuant to which the Depository will act as securities depository for the Shares. Shares and Creation Baskets will be represented by the Global Certificate (which may consist of one or more certificates as required by the Depository), which will be registered, as the Depository shall direct, in the name of Cede & Co., as nominee for the Depository (or such other nominee as the Depository may designate), and deposited with, or on behalf of, the Depository. No other certificates evidencing the Shares will be issued. The Global Certificate shall be substantially in the form attached hereto as Exhibit A and shall represent such Shares as shall be specified therein, and may provide that it shall represent the aggregate amount of outstanding Shares from time to time endorsed thereon and that the aggregate amount of outstanding Shares represented thereby may from time to time be increased or decreased to reflect the issuance of additional Shares creation or redemption of SharesBaskets. Any endorsement of a Global Certificate to reflect the amount, or any increase or decrease in the amount, of outstanding Shares represented thereby shall be made in such manner and upon instructions given by the Manager Manager, on behalf of the Trust’s behalf , as specified in the Depository Arrangement.

Global Certificate. The Trust and the Manager and, if necessary, the Depository will enter into the Depository Arrangement Agreement pursuant to which the Depository will act as securities depository for the Shares. Shares will be represented by the Global Certificate (which may consist of one or more certificates as required by the Depository), which will be registered, as the Depository shall direct, in the name of Cede & Co., as nominee for the Depository (or such other nominee as the Depository may designate), and deposited with, or on behalf of, the Depository. No other certificates evidencing the Shares will be issued. The Global Certificate shall be substantially in the form attached hereto as Exhibit A and shall represent such Shares as shall be specified therein, and may provide that it shall represent the aggregate amount of outstanding Shares from time to time endorsed thereon and that the aggregate amount of outstanding Shares represented thereby may from time to time be increased or decreased to reflect the issuance of additional Shares or redemption of Shares. Any endorsement of a Global Certificate to reflect the amount, or any increase or decrease in the amount, of outstanding Shares represented thereby shall be made in such manner and upon instructions given by the Manager on the Trust’s behalf as specified in the Depository ArrangementAgreement.

Global Certificate. The Trust and the Manager and, if necessary, the Depository [will enter into the Depository Arrangement pursuant to which the Depository Depository] will act as securities depository for the Shares. Shares will be represented by the Global Certificate (which may consist of one or more certificates as required by the Depository), which will be registered, as the Depository shall direct, in the name of Cede & Co., as nominee for the Depository (or such other nominee as the Depository may designate), and deposited with, or on behalf of, the Depository. No other certificates evidencing the Shares will be issued. The Global Certificate shall be substantially in the form attached hereto as Exhibit A and shall represent such Shares as shall be specified therein, and may provide that it shall represent the aggregate amount of outstanding Shares from time to time endorsed thereon and that the aggregate amount of outstanding Shares represented thereby may from time to time be increased or decreased to reflect the issuance of additional Shares or redemption of Shares. Any endorsement of a Global Certificate to reflect the amount, or any increase or decrease in the amount, of outstanding Shares represented thereby shall be made in such manner and upon instructions given by the Manager on the Trust’s behalf as specified in the [Depository Arrangement.]

Global Certificate. The Trust and the Manager and, if necessary, the Depository will enter into the Depository Arrangement Agreement pursuant to which the Depository will act as securities depository for the Shares. Shares will be represented by the Global Certificate (which may consist of one or more certificates as required by the Depository), which will be registered, as the Depository shall direct, in the name of Cede & Co., as nominee for the Depository (or such other nominee as the Depository may designate), and deposited with, or on behalf of, the Depository. No other certificates evidencing the Shares will be issued. The Global Certificate shall be substantially in the form attached hereto as Exhibit A and shall represent such Shares as shall be specified therein, and may provide that it shall represent the aggregate amount of outstanding Shares from time to time endorsed thereon and that the aggregate amount of outstanding Shares represented thereby may from time to time be increased or decreased to reflect the issuance of additional Shares or redemption redemptions of Shares. Any endorsement of a Global Certificate to reflect the amount, or any increase or decrease in the amount, of outstanding Shares represented thereby shall be made in such manner and upon instructions given by the Manager on the Trust’s behalf as specified in the Depository ArrangementAgreement.