Common use of Trust’s Clearing Process—Redemption Requests Clause in Contracts

Trust’s Clearing Process—Redemption Requests. After the Transfer Agent has received a Submission for a redemption request for Shares through the Trust’s Clearing Process which has been received in proper form (as described in the Prospectus), the Transfer Agent shall initiate procedures to transfer the requisite securities (or contracts to purchase such securities expected to be delivered through NSCC by the “regular way” settlement date) and the Cash Redemption Amount, if any, through the Trust’s Clearing Process so as to be received by the Beneficial Owner no later than on the “regular way” settlement date following the Business Day on which the Submission is received in proper form (as described in the Prospectus) by the Transfer Agent.

Appears in 10 contracts

Samples: Participant Agreement (PowerShares Exchange-Traded Fund Trust II), Participant Agreement (PowerShares Exchange-Traded Fund Trust II), Participant Agreement (PowerShares Exchange-Traded Fund Trust II)

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Trust’s Clearing Process—Redemption Requests. After the Transfer Agent has received a Submission for a redemption request for Trust Shares through the Trust’s Clearing Process which has been and received in proper form (as described in the Prospectus)) such submission as set forth below in Section IV, the Transfer Agent shall initiate procedures to transfer the requisite securities (or contracts to purchase such securities expected to be delivered through NSCC by the “regular way” settlement date) and the Cash Redemption Amount, if any, through the Trust’s Clearing Process so as to be received by the Beneficial Owner no later than on the “regular way” settlement date following the Business Day on which the Submission is received in proper form (as described in the Prospectus) by the Transfer Agent.

Appears in 8 contracts

Samples: Participant Agreement (Powershares Actively Managed Exchange-Traded Fund Trust), Participant Agreement (Powershares Actively Managed Exchange-Traded Fund Trust), Participant Agreement (Powershares Actively Managed Exchange-Traded Fund Trust)

Trust’s Clearing Process—Redemption Requests. After the Transfer Agent has received a Submission for a redemption request for Trust Shares through the Trust’s 's Clearing Process which has been received and Deemed Received such submission as set forth below in proper form (as described in the Prospectus)Section IV, the Transfer Agent shall initiate procedures to transfer the requisite securities (or contracts to purchase such securities expected to be delivered through NSCC by the "regular way" settlement date) and the Cash Redemption Amount, if any, through the Trust’s 's Clearing Process so as to be received by the Beneficial Owner no later than on the "regular way" settlement date following the Business Day on which the Submission is received in proper form (as described in the Prospectus) Deemed Received by the Transfer Agent.

Appears in 4 contracts

Samples: Trust Authorized Participant Agreement (RevenueShares ETF Trust), Participant Agreement (Powershares Exchange Traded Fund Trust), Participant Agreement (Claymore Exchange-Traded Fund Trust)

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Trust’s Clearing Process—Redemption Requests. After the Transfer Agent has received a Submission for a redemption request for Shares through the Trust’s 's Clearing Process which has been received and Deemed Received such submission as set forth below in proper form (as described in the Prospectus)Section IV, the Transfer Agent shall initiate procedures to transfer the requisite securities (or contracts to purchase such securities expected to be delivered through NSCC by the "regular way" settlement date) and the Cash Redemption Amount, if any, through the Trust’s 's Clearing Process so as to be received by the Beneficial Owner no later than on the "regular way" settlement date following the Business Day on which the Submission is received in proper form (as described in the Prospectus) Deemed Received by the Transfer Agent.

Appears in 3 contracts

Samples: Participant Agreement (First Trust Exchange-Traded Fund), Participant Agreement (First Trust Exchange-Traded Fund), Participant Agreement (First Trust Exchange-Traded Fund Ii)

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