Common use of Redemption Transaction Fee Clause in Contracts

Redemption Transaction Fee. To compensate the Partnership for its expenses in connection with the redemption of Baskets, a Participant is required to pay a transaction fee to the Partnership of $1,000 per order to redeem Baskets. An order may include multiple Baskets. The transaction fee may be reduced, increased or otherwise changed by the General Partner. The General Partner shall notify DTC in advance of any change in the transaction fee and will not implement any increase in the fee for the redemption of Baskets until 30 days after the date of the notice.

Appears in 34 contracts

Samples: Agreement of Limited Partnership (United States Natural Gas Fund, LP), Agreement of Limited Partnership (United States Gasoline Fund, LP), Agreement (United States Heating Oil Fund, LP)

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Redemption Transaction Fee. To compensate the Partnership for its expenses in connection with the redemption of Baskets, a Participant Limited Partner is required to pay a transaction fee to the Partnership of $1,000 per order to redeem Baskets. An order may include multiple Baskets. The transaction fee may be reduced, increased or otherwise changed by the General Partner. The General Partner shall notify DTC in advance of any change in the transaction fee and will not implement any increase in the fee for the redemption of Baskets until 30 days after the date of the notice.

Appears in 7 contracts

Samples: Limited Partnership Agreement (United States Natural Gas Fund, LP), United States Oil Fund, LP, United States Oil Fund, LP

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Redemption Transaction Fee. To compensate the Partnership for its expenses in connection with the redemption of Baskets, a Participant is required to pay a transaction fee to the Partnership of $1,000 per order to redeem Baskets. An order may include multiple Baskets. The transaction fee may be reduced, increased or otherwise changed by the General Partner. The General Partner shall notify DTC in advance of advanceof any change in the transaction fee and will not implement any increase in the fee for the redemption of Baskets until 30 days after the date of the notice.

Appears in 1 contract

Samples: United States Natural Gas Fund, LP

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