Basket definition

Basket has the meaning set forth in Section 8.04(a).

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Basket has the meaning set forth in Section 9.4(a).

Basket means the notional basket comprised of the Shares, as described under “THE BASKET”.

Examples of Basket in a sentence

As between the Trust, US Bank, Sponsor and Digital Asset Custodian, on the one hand, and the Authorized Participant (and any of its agents, intermediaries or designees) on the other hand, the Authorized Participant shall be solely responsible for delivery to US Bank and the Sponsor the correct Wallet Address for receipt of the Basket Amount.
In the case of a Redemption Order involving an In-Kind Transfer, the Wallet Address indicated by the redeeming Authorized Participant shall be properly formatted and in the control of the Authorized Participant or its designee for receipt of the Basket Amount.
The Sponsor or its delegates from time to time may, but shall have no obligation to, establish procedures with respect to redemption of Common Shares in lot sizes smaller than a Redemption Basket and permitting the redemption distribution to be delivered in a manner other than that specified herein.
For a Redemption Order involving an In-Kind Transfer, the Sponsor shall, on the Business Day immediately after Redemption Order date, deliver, through the Digital Asset Custodian, the Basket Amount specified in the confirmation by US Bank to the network address indicated by the Authorized Participant in its Redemption Order.
In the case of a Purchase Order involving an In-Kind Transfer, the Sponsor may, in its sole discretion, extend the deadline for receipt of the Basket Amount Deposit Assets to accommodate delays or disruptions in the applicable network for the Digital Asset(s) constituting the Deposit Assets; provided, however, that all cash amounts corresponding to a Purchase Order, regardless of the presence of an In-Kind Transfer, are due on or before the settlement date.

More Definitions of Basket

Basket means a Creation Basket or a Redemption Basket, as the context may require.

Basket means the Basket of Shares as set out in item 26(a); "Underlying Referencek" means as set out in §26(a);

Basket shall have the meaning set forth in Section 10.6(b).

Basket shall have the meaning assigned thereto in Section 11.3.

Basket has the meaning set forth in Section 7.3(b).

Basket shall have the meaning ascribed to it in the Recitals to the Authorized Participant Agreement.

Basket means any amount, threshold or other value permitted or prescribed with respect to any Lien, Indebtedness, Asset Sale, Investment, Restricted Payment, transaction value, judgment or other amount under any provision in Articles V, VI, VII or VIII and the definitions related thereto.