Common use of Plan Cancellations Clause in Contracts

Plan Cancellations. In the event that the Sponsor receives from the Custodian a notice of Plan cancellation by a Planholder, and such cancellation is subject under applicable law and the Prospectus to a refund of a portion of the Creation and Sales Charges previously imposed under the Plan, the Sponsor shall transmit funds to the order of the Custodian in an amount equal to the refundable amount calculated in accordance with applicable law and the Prospectus. The Custodian shall then refund the appropriate amount to the Planholder.

Plan Cancellations. In the event that the Sponsor receives from the Custodian a notice of Plan cancellation by a Planholder, and such cancellation is subject under applicable law and the Prospectus Plan Documents to a refund of a portion of the Creation and Sales Charges Charge previously imposed under the Plan, the Sponsor shall transmit funds to the order of the Custodian in an amount equal to the refundable amount calculated in accordance with applicable law and the ProspectusPlan Documents. The Custodian shall then refund the appropriate amount to the Planholder4.

Plan Cancellations. In the event that the Sponsor receives from the Custodian a notice of Plan cancellation by a Planholder, and such cancellation is subject under applicable law and the Prospectus Plan Documents to a refund of a portion of the Creation and Sales Charges Charge previously imposed under the Plan, the Sponsor shall transmit funds to the order of the Custodian in an amount equal to the refundable amount calculated in accordance with applicable law and the Prospectus. The Custodian shall then refund the appropriate amount to the PlanholderPlan Documents.