Basket definition
Examples of Basket in a sentence
The Sponsor or its delegates from time to time may, but shall have no obligation to, establish procedures with respect to subscription of Shares in lot sizes smaller than the Creation Basket and permitting the creation distribution to be delivered in a manner other than that specified in Section 3.1.
For the purchase of a Basket, the Authorized Participant will submit the Purchase Order by the In-Kind Order Cutoff Time (the “In-Kind Order Cutoff Time”), which will be (a) 3:59 p.m. ET on the trade date or (b) any other time agreed to by the Sponsor and the Administrative Trustee and of which all existing Authorized Participants have been previously notified by the Administrative Trustee, to create Baskets in exchange for ether.
Each night, the Sponsor will publish the amount of DOT that represented by each Basket Deposit.
The Sponsor or its delegates from time to time may, but shall have no obligation to, establish procedures with respect to redemption of 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.
Subtract the U.S. Dollar value of the DOT to be distributed under pending Redemption Orders, determined by multiplying the number of Redemption Baskets represented by such Redemption Orders by the Basket Deposit and then multiplying such product by the Pricing Benchmark.