Common use of Investment Direction Clause in Contracts

Investment Direction. Sponsor will manage the Funds in accordance with Sponsor’s best judgment and consistent with the Funds’ investment objectives and investment strategies outlined in the Funds’ prospectus and registration statement on Form S-1.

Appears in 3 contracts

Samples: Form of Sponsor Agreement (Metaurus Equity Component Trust), Form of Sponsor Agreement (Vs Trust), Form of Sponsor Agreement (ProShares Trust II)

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Investment Direction. Sponsor will manage the Funds in accordance with Sponsor’s best judgment and consistent with the Funds’ investment objectives and investment strategies outlined in the Funds’ then-current prospectus and or prospectuses included as a part of a registration statement on Form S-1filed with the US Securities and Exchange Commission.

Appears in 2 contracts

Samples: Form of Sponsor Agreement (ETFS Collateralized Commodities Trust), Form of Sponsor Agreement (ETFS Physical Base Metals Trust)

Investment Direction. Sponsor will manage the Funds in accordance with the Sponsor’s best judgment and consistent with the Funds’ investment objectives and investment strategies outlined in the Funds’ prospectus and registration registrations statement on Form S-1.

Appears in 2 contracts

Samples: Sponsor Agreement (Direxion Shares ETF Trust II), Sponsor Agreement (Direxion Shares ETF Trust II)

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Investment Direction. Sponsor will manage the Funds investment of the Funds’ assets in accordance with Sponsor’s best judgment and consistent with the Funds’ investment objectives and investment strategies outlined in the Funds’ prospectus and registration statement on Form S-1S-1 (the “Registration Statement”).

Appears in 1 contract

Samples: Sponsor Agreement (Metaurus Equity Component Trust)

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