Transaction Fee. In connection with the creation or redemption of Creation Units, the Transfer Agent shall charge, and the Participant agrees to pay to the Transfer Agent, (i) the Creation Transaction Fee or Redemption Transaction Fee prescribed in the relevant Fund's Prospectus applicable to creations or redemptions through the Trusts' Clearing Process, or (ii) the applicable Creation Transaction Fee or Redemption Transaction Fee plus, in each case, such additional variable amounts as may be prescribed in the relevant Fund's Prospectus for (a) creations or redemptions outside the Trusts' Clearing Process and (b) creations through the Trusts' Clearing Process where the cash equivalent value of one or more Deposit Securities is being deposited in lieu of the inclusion of such Deposit Securities in the securities portion of the Fund Deposit. The Cash Component or Cash Redemption Amount payable or to be received, as the case may be, by the Participant in connection with the Creation Order or Redemption Order shall be adjusted by the amount of such applicable Transaction Fee and additional variable amounts, if any.
Appears in 9 contracts
Samples: Participant Agreement (First Trust Exchange-Traded Fund Vi), Participant Agreement (First Trust Exchange-Traded Fund Ii), Participant Agreement (First Trust Exchange-Traded Alphadex Fund)
Transaction Fee. In connection with the creation or redemption of Creation Units, the Transfer Agent shall charge, and the Participant agrees to pay to the Transfer Agent, (i) the Creation Transaction Fee or Redemption Transaction Fee prescribed in the relevant Fund's Prospectus applicable to creations or redemptions through the Trusts' Clearing Process, or (ii) the applicable Creation Transaction Fee or Redemption Transaction Fee plus, in each case, such additional variable amounts as may be prescribed in the relevant Fund's Prospectus for (a) creations or redemptions outside the Trusts' Clearing Process and (b) creations through the Trusts' Clearing Process where the cash equivalent value of one or more Deposit Securities is being deposited in lieu of the inclusion of such Deposit Securities in the securities portion of the Fund Deposit. The Cash Component or Cash Redemption Amount payable or to be received, as the case may be, by the Participant in connection with the Creation Order or Redemption Order shall be adjusted by the amount of such applicable Transaction Fee and additional variable amounts, if any.. Attachment 1-4
Appears in 3 contracts
Samples: Participant Agreement (First Trust Exchange-Traded Fund V), Participant Agreement (First Trust Exchange-Traded Fund Viii), Participant Agreement (First Trust Exchange-Traded Fund Iv)
Transaction Fee. In connection with the creation or redemption of Creation Units, the Transfer Index Receipt Agent shall charge, and the Participant agrees to pay to the Transfer Index Receipt Agent, (i) the Creation Transaction Fee or Redemption Transaction Fee prescribed in the relevant Fund's ’s Prospectus applicable to creations or redemptions through the Trusts' ’ Clearing Process, or (ii) the applicable Creation Transaction Fee or Redemption Transaction Fee plus, in each case, such additional variable amounts as may be prescribed in the relevant Fund's ’s Prospectus for (a) creations or redemptions outside the Trusts' ’ Clearing Process and (b) creations through the Trusts' ’ Clearing Process where the cash equivalent value of one or more Deposit Securities is being deposited in lieu of the inclusion of such Deposit Securities in the securities portion of the Fund Deposit. The Cash Component or Cash Redemption Amount payable or to be received, as the case may be, by the Participant in connection with the Creation Order or Redemption Order shall be adjusted by the amount of such applicable Transaction Fee and additional variable amounts, if any.
Appears in 1 contract
Samples: Authorized Participant Agreement (Pointbreak ETF Trust)
