Common use of Post-Order Process Clause in Contracts

Post-Order Process. The Order Taker will receive orders from Authorized Participants during each business day up until the relevant cutoff hours that have been provided to the Order Taker in writing by the Trust (the “Cut-Off Time”). Any changes to the Cut-Off Time will have to be provided by the Trust to the Order Taker in writing, and will come into effect after the Order Taker has had a reasonable opportunity to adjust therefor. The Order Taker will notify the Trust of any orders received in a reasonably prompt manner. After the Cut-Off Time, the Order Taker will provide the Trust and or its designated agent with a consolidated report detailing all orders received during that business day. In the event the Order Taker receives an order that does not comply with the standards specified by the Trust or necessitates action by the Trust prior to its acceptance (as determined in the Order Taker’s reasonable discretion, in each instance), the Order Taker may consult with the persons authorized by the Trust in connection with the same. The Trust acknowledges that any delays with respect to the above-listed approvals by the Trust may impact the Order Taker’s ability to timely produce the deliverables it is responsible for herein. The Trust or its designated agent shall be responsible for communicating back to the Order Taker an approval or rejection of all orders via the Order Taking Platform or in accordance with the terms of the Order Taker’s service level documentation. The Order Taker will send preliminary and fmal confirmations to each Authorized Participant and will generate a consolidated report detailing all confirmations which is sent to interested parties as instructed by the Trust. The Order Taker will maintain copies and provide to the Trust upon request such confirms, which will be retained for a period consistent with applicable law and ▇.▇. ▇▇▇▇▇▇’▇ record keeping policies, procedures and practices.

Post-Order Process. The Order Taker will receive orders from Authorized Participants during each business day up until the relevant cutoff hours that have been provided to the Order Taker in writing by the Trust (the “Cut-Off Time”). Any changes to the Cut-Off Time will have to be provided by the Trust to the Order Taker in writing, and will come into effect after the Order Taker has had a reasonable opportunity to adjust therefor. The Order Taker will notify the Trust of any orders received in a reasonably prompt manner. After the Cut-Off Time, the Order Taker will provide the Trust and or its designated agent with a consolidated report detailing all orders received during that business day. In the event the Order Taker receives an order that does not comply with the standards specified by the Trust or necessitates action by the Trust prior to its acceptance (as determined in the Order Taker’s reasonable discretion, in each instance), the Order Taker may consult with the persons authorized by the Trust in connection with the same. The Trust acknowledges that any delays with respect to the above-listed approvals by the Trust may impact the Order Taker’s ability to timely produce the deliverables it is responsible for herein. The Trust or its designated agent shall be responsible for communicating back to the Order Taker an approval or rejection of all orders via the Order Taking JPMM Platform or in accordance with the terms of the Order Taker’s service level documentation. The Order Taker will send preliminary and fmal final confirmations to each Authorized Participant and will generate a consolidated report detailing all confirmations which is sent to interested parties as instructed by the Trust. Trust The Order Taker will maintain copies and provide to the Trust upon request such confirms, which will be retained for a period consistent with applicable law and ▇.▇. ▇▇▇▇▇▇’▇ record keeping policies, procedures and practices.