Applicable Transaction Fee definition
Applicable Transaction Fee means, for any date of determination, the nonrefundable transaction fee applicable to an Order, as described in the Prospectus as of such date.
Applicable Transaction Fee means US$[ ] multiplied by the number of Index Futures included in the Basket Amount. The Applicable Transaction Fee may be amended by the Trustee and the Sponsor from time to time with notice to the Authorized Participant in compliance with the notice provisions of the Authorized Participant Agreement; if the Authorized Participant does not object in writing to the amendment of the Applicable Transaction Fee within [ ] Business Days after delivery of such notice or submits and does not cancel a Purchase Order or Redemption Order following delivery of such notice, the amendment to the Applicable Transaction Fee will become part of these Procedures and the Authorized Participant Agreement.
Applicable Transaction Fee means, for any date of determination, the transaction fee applicable to the creation or redemption of iShares, as the case may be, including the fees and charges charged by the applicable Futures Exchange and the Trust’s futures commission merchant, in each case as described in the Prospectus as of such date.
Examples of Applicable Transaction Fee in a sentence
In connection with any Redemption Order, the Authorized Participant authorizes the Settlement Agent to deduct a transaction fee per Basket in the amount of the Applicable Transaction Fee from the applicable Basket Constituents credited to the applicable account of the redeeming Authorized Participant.
Applicable Transaction Fee Rate: For each Transaction Fee Period, a rate per annum equal to the sum of (a) LIBOR determined on the Reset Date for such Transaction Fee Period plus (b) the applicable Spread.