Basket Amount definition

Basket Amount has the meaning set forth in Section 10.5(b).

Basket Amount shall have the meaning set forth in Section 11.5(a) hereof.

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

Examples of Basket Amount in a sentence

• All representations and warranties deemed to be made under this Section 3.2 shall survive the Delivery of a Basket Amount, Delivery or Surrender of Shares or termination of this Agreement.

• In order to create Baskets of a Trust, the Authorized Participant must transfer to such Trust the number of digital assets equal to the Total Basket Amount, as calculated in accordance with Section 2 of this Article II below.

• In order to facilitate the transfer of the Total Basket Amount in connection with a creation, the Sponsor, on behalf of such Trust as the digital asset recipient, will provide to the Authorized Participant the address for the Digital Asset Account belonging to such Trust, as the party initiating the transfer of digital assets.

• In order to redeem Baskets of a Trust, the Authorized Participant must transfer Baskets to such Trust and such Trust must transfer an amount of digital assets equal to the Total Basket Amount, as calculated in accordance with Section 2 of Article II, to the Authorized Participant.

• Each Participant is responsible for ensuring that the number of (i) digital assets that equal the Total Basket Amount (as defined below) or (ii) Baskets it intends to transfer to a Trust in exchange for digital assets, respectively, are available to transfer to such Trust in the manner and at the times described in these Procedures.

More Definitions of Basket Amount

Basket Amount has the meaning specified in Section 12.4(b).

Basket Amount has the meaning set forth in Section 7.4(b).

Basket Amount is defined in Section 9.5(b).

Basket Amount shall have the meaning set forth in Part VI of Appendix B.

Basket Amount shall have the meaning set forth in Section 10.4.

Basket Amount has the meaning set forth in Section 9.1(a) of this Agreement.

Basket Amount means the specific basket amount term defined in Section 1.1 of the relevant Trust Agreement (e.g., the “Basket Silver Amount” in the case of the abrdn Silver ETF Trust; the “Basket Gold Amount” in the case of the abrdn Gold ETF Trust; the “Basket Platinum Amount” in the case of the abrdn Platinum ETF Trust; the “Basket Palladium Amount” in the case of the abrdn Palladium ETF Trust; and the “Basket Bullion Amount” in the case of the abrdn Precious Metals Basket ETF Trust).