Manner of Payment - Copper Sample Clauses

Manner of Payment - Copper. (a) A Unitholder redeeming Units for Copper will receive the Copper via an “in warehouse” transfer and delivery from the Trust’s holdings of Copper at the Designated Facility to the Unitholder’s account at the Designated Facility. Copper received by a Unitholder as a result of a redemption of Units will be transferred pursuant to delivery instructions provided by the Unitholder and shall only be delivered to an account established by the Unitholder at the Designated Facility. The Designated Facility shall be engaged by, or on behalf of, the redeeming Unitholder. (b) Costs associated with the redemption of Units and the transfer of Copper will be borne by the redeeming Unitholder. The redeeming Unitholder will also be responsible for any and all fees charged by the Designated Facility, including any transfer or setup fees. Upon request, the Manager will provide Unitholders interested in redeeming Units for Copper with an estimate of the current costs associated with the transfer of Copper pursuant to the Unitholder’s transfer and delivery instructions. (c) The transfer of Copper in connection with a redemption of Units will occur as soon as practicable and, in any event, approximately 15 Business Days after the applicable Monthly Redemption Date, subject to the timelines, policies and procedures at any Designated Facility.