Common use of Product Clause in Contracts

Product. The Product shall be a Unit Investment Trust that has the following characteristics: (i) the fund has the investment objective of replicating the performance of the Licensed Index; (ii) is organized under the laws of the Investment Company Act of the United States and (iii) is not traded or listed on an Organized Securities Markets (as defined below) (e.g., is not exchange traded, electronically or otherwise).

Appears in 33 contracts

Sources: License Agreement (Guggenheim Defined Portfolios, Series 2575), Licensing Agreement (Guggenheim Defined Portfolios, Series 2530), License Agreement (Guggenheim Defined Portfolios, Series 2506)