CNS System definition

CNS System means the Continuous Net Settlement clearing processes of NSCC.

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CNS System means the candidate nominations system which is a secure electronic system that is used for the electronic submission of information and documents contemplated in this notice;

CNS System means the candidate nominations system, a secure online business application located on the official website, to be used for the electronic submission of the information and documents contemplated in sections 14(1A)(b) and 17(1A)(b) and accessed through a pin code allocated by the chief electoral officer on written request by a party or a person contemplated in section 16(1)(b) of the Act;”

Examples of CNS System in a sentence

• The Participant represents, covenants and warrants that it has the ability to transact through the Federal Reserve Book-Entry System and, with respect to orders for the creation or redemption of Creation Units, (i) through the CNS Clearing Process, because it is a member of NSCC and an authorized participant in the CNS System of NSCC (a “Participating Party”), and/or (ii) outside the CNS Clearing Process, because it is a DTC participant (a “DTC Participant”).

• The Participant hereby represents, covenants and warrants that (i) with respect to orders for the creation or redemption of Creation Units by means of the Trusts' Clearing Process, it is a member of NSCC and a participant in the CNS System of NSCC (as defined in the Prospectus, a "Participating Party"); and (ii) with respect to orders for the creation or redemption of Creation Units outside the Trusts' Clearing Process, it is a DTC Participant (as defined in the Prospectus, a "DTC Participant").

• If a Participant loses its status as a DTC Authorized Participant Agreement participant or NSCC member, or its eligibility to participate in the CNS System, it shall promptly notify the Distributor in writing of the change in status or eligibility, and the Distributor may terminate this Agreement.

• The Participant hereby represents, covenants and warrants that (i) with respect to orders for the creation or redemption of Creation Units by means of the Clearing Process, it is a member of NSCC and a participant in the CNS System of NSCC (as defined in the Prospectus, a "Participating Party"); and (ii) with respect to orders for the creation or redemption of Creation Units outside the Clearing Process, it is a DTC Participant (as defined in the Prospectus, a "DTC Participant").

• If a Participant loses its status as a DTC Participant or NSCC member, or its eligibility to participate in the CNS System, it shall promptly notify the Distributor in writing of the change in status or eligibility, and the Distributor may terminate this Agreement.

More Definitions of CNS System

CNS System means the candidate nominations system, a secure electronic system, to be used for the electronic submission of the information and documents contemplated in the guideline;

CNS System means the candidate nominations system, a secure online application located on the official website, to be used for the electronic submission of the information and documents contemplated in section 27 and accessed through a pin code allocated by the chief electoral officer on written request by a party; and

CNS System or “Continuous Net Settlement System” has the same meaning as defined in the CCASSHKSCC Rules;

CNS System means the candidate nominations system, a secure electronic system, to be used for the electronic

CNS System the continuous net settlement system of NSCC.

CNS System has the meaning set forth in Section 2.2.

CNS System means the Continuous Net Settlement clearing processes of NSCC. 1.14 “Code” means the Internal Revenue Code of 1986, as amended. 1.15 “Contractual Settlement Date” means the date as specified in the Prospectus and the Procedures Handbook upon which delivery of Deposit Securities must be made to the Fund. 1.16 “Creation Unit” shall have the meaning set forth in Section 2.01. 1.17 “Custodian” means the Fund’s custodian; as of the Effective Date, the custodian of the Fund is _______________. 1.18 “Deposit Securities” means an in-kind deposit of a designated portfolio of equity securities selected by or on behalf of the Fund. 1.19 “DTC” means The Depository Trust Company. 1.20 “DTC Participant” shall have the meaning set forth in Section 3.01. 1.21 “DTC Process” means the process for effecting purchases orders or redemption requests of Creation Units through DTC other than through the use of the CNS System. 1.22 “FINRA” means the Financial Industry Regulatory Authority. 1.23 “FinCEN” shall have the meaning set forth in Section 3.01. 1.24 “Fund Deposit” means the Deposit Securities plus or minus the “Balancing Amount”. 1.25 “Fund Securities” means in-kind redemption proceeds of a designated portfolio of equity and/or fixed income securities selected by the Adviser. 1.26 “Indemnified Party” shall have the meaning set forth in Section 6.01. 1.27 “Intraday Indicative Value” means the value of the Fund, as calculated and published by the New York Stock Exchange or any similar exchange or widely recognized industry organization, throughout the trading day based on the last sale prices of the securities specified for creation and redemption plus any estimated cash amounts associated with the creation unit, on a per share basis. 1.28 “Listing Exchange” shall have the meaning set forth in Section 8.01. 1.29 “NAV” shall have the meaning set forth in Section 6.03. 1.30 “OFAC” shall have the meaning set forth in Section 3.01. 1.31 “Orders” shall have the meaning set forth in Section 2.02.