Common use of PIN Numbers Clause in Contracts

PIN Numbers. Upon the execution of this Agreement by the Participant and the acceptance thereof by the Distributor, the Participant shall be issued a unique personal identification number (“PIN Number”) by the Distributor and each Authorized Trader will be issued a personal ID and password for use on the Distributor’s Website. To place Orders through the Distributor, the Authorized Trader must provide the Participant’s valid PIN Number and must also enter a valid personal ID and password to access the Distributor’s Website. The PIN Number is used to identify the Participant and validate instructions issued by the Participant pursuant to this Agreement. The PIN Number shall be kept confidential by Distributor and by the Participant and shall only be provided to Authorized Traders. The Participant may revoke the PIN Number at any time upon written notice to the Distributor and the Fund. Upon receipt of such written request, the Distributor shall promptly de-activate the PIN Number. If a Participant’s PIN Number is changed, the new PIN Number will become effective on a date and time mutually agreed upon by the Participant and the Distributor.

Appears in 2 contracts

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

PIN Numbers. Upon the execution of this Agreement by the Participant and the acceptance thereof by the Distributor, the Participant shall be issued a unique personal identification number ("PIN Number") by the Distributor and each Authorized Trader will be issued a personal ID and password for use on the Distributor’s 's Website. To place Orders through the Distributor, the Authorized Trader must provide the Participant’s 's valid PIN Number and must also enter a valid personal ID and password to access the Distributor’s 's Website. The PIN Number is used to identify the Participant and validate instructions issued by the Participant pursuant to this Agreement. The PIN Number shall be kept confidential by Distributor and by the Participant and shall only be provided to Authorized Traders. The Participant may revoke the PIN Number at any time upon written notice to the Distributor and the Fund. Upon receipt of such written request, the Distributor shall promptly de-activate the PIN Number. If a Participant’s 's PIN Number is changed, the new PIN Number will become effective on a date and time mutually agreed upon by the Participant and the Distributor.

Appears in 1 contract

Sources: Authorized Participant Agreement (Proshares Trust)