Common use of NSCC Authorization Clause in Contracts

NSCC Authorization. Solely with respect to Orders through the CNS Process, the Participant, hereby authorizes the Index Receipt Agent to transmit to the NSCC on behalf of the Participant such instructions, including amounts of the Deposit Securities and the Cash Amount or All Cash Payment as are necessary consistent with such Orders. The Participant agrees to be bound by the terms of such instructions issued by the Index Receipt Agent (to the extent consistent with Participant’s instructions) and reported to NSCC as though such instructions were issued by the Participant directly to NSCC.

Appears in 2 contracts

Sources: Authorized Participant Agreement (Proshares Trust), Authorized Participant Agreement (Proshares Trust)

NSCC Authorization. Solely with respect to Orders through the CNS Process, the Participant, hereby authorizes the Index Receipt Agent to transmit to the NSCC on behalf of the Participant such instructions, including amounts of the Deposit Securities and the Cash Amount or All Cash Payment as are necessary consistent with such Orders. The Participant agrees to be bound by the terms of such instructions issued by the Index Receipt Agent (to the extent consistent with Participant’s instructions) and reported to NSCC as though such instructions were issued by the Participant directly to NSCC.

Appears in 2 contracts

Sources: Authorized Participant Agreement, Authorized Participant Agreement (Proshares Trust)

NSCC Authorization. Solely with respect to Orders through the CNS Process, the Participant, hereby authorizes the Index Receipt Agent Fund or its designee to transmit to the NSCC on behalf of the Participant such instructions, including amounts of the Deposit Securities and the Cash Amount or All Cash Payment as are necessary consistent with such Orders. The Participant agrees to be bound by the terms of such instructions issued by the Index Receipt Agent (to the extent consistent with Participant’s instructions) Fund or its designee and reported to NSCC as though such instructions were issued by the Participant directly to NSCC.

Appears in 1 contract

Sources: Authorized Participant Agreement (Schwab Strategic Trust)

NSCC Authorization. Solely with respect to Orders through the CNS Process, the Participant, hereby authorizes the Index Receipt Agent to transmit to the NSCC on behalf of the Participant such instructions, including amounts of the Deposit Securities and the Cash Amount or All Cash Payment as are necessary consistent with such Orders. The Participant agrees to be bound by the terms of such instructions issued by the Index Receipt Agent (to the extent consistent with Participant’s 's instructions) and reported to NSCC as though such instructions were issued by the Participant directly to NSCC.

Appears in 1 contract

Sources: Authorized Participant Agreement (Proshares Trust)