TO BE COMPLETED BY TRANSFER AGENT Clause Samples
TO BE COMPLETED BY TRANSFER AGENT. This certifies that the above order has been: _______________Accepted by the Transfer Agent _______________Declined- Reason:____________________________________________________ ____________________________________________________ Type of Digital Asset: _________________ Final # of each Digital Asset: _________________ Final # of Shares: _________________ Final Cash Due to Transfer Agent _______________ Date Time Authorized Signature of Transfer Agent This ▇▇▇▇▇ ▇▇ shall govern use by Authorized Participant of the electronic order entry system for placing Purchase Orders and Redemption Orders for Shares (the “System”). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in Schedule 1 of the Authorized Participant Agreement. In the event of any conflict between the terms of this ▇▇▇▇▇ ▇▇ and the main body of the Authorized Participant Agreement with respect to the placing of Purchase Orders and Redemption Orders, the terms of this Annex II shall control.
(a) Authorized Participant shall provide to The Bank of New York Mellon a duly executed authorization letter, in a form satisfactory to The Bank of New York Mellon, identifying those authorized persons who will access the System (the “Authorized Persons”). Authorized Participant shall notify The Bank of New York Mellon in writing in the event that any person’s status as an Authorized Person is revoked or terminated as soon as possible, in order to give The Bank of New York Mellon a reasonable opportunity to terminate such Authorized Person’s access to the System.
(b) It is understood and agreed that each Authorized Person shall be designated as an authorized user of Authorized Participant for the purpose of the Authorized Participant Agreement. Upon termination of the Authorized Participant Agreement, the Authorized Participant’s and each Authorized Person’s access rights with respect to System shall be immediately revoked.
2. The Bank of New York Mellon grants to Authorized Participant a personal, nontransferable and nonexclusive license to use the System solely for the purpose of transmitting Purchase Orders and Redemption Orders and otherwise communicating with The Bank of New York Mellon in connection with the same. Authorized Participant shall use the System solely for its own internal and proper business purposes. Except as set forth herein, no license or right of any kind is granted to Authorized Participant with respect to the System. Authorized Part...
TO BE COMPLETED BY TRANSFER AGENT. This certifies that the above order has been: ☐ Accepted ☐ Declined -Reason: __________________________________________ ___________________ __________________ ________________________________________________ Date Time Authorized Signature
