Creation Order definition
Examples of Creation Order in a sentence
The Sponsor may require, in its sole discretion, that a Creation Order be denominated in SUI (a “SUI Creation Order”) or cash (a “Cash Creation Order”).
The issuance of Creation Units may be suspended by the Sponsor generally, or refused with respect to a particular Creation Order, during any period when the transfer books of the Transfer Agent are closed or if circumstances outside the control of the Sponsor or its delegate make it for all practicable purposes not feasible to process Creation Orders or for any other reason at any time or from time to time.
The Sponsor or its delegate shall reject a Creation Order if the Creation Order is not in proper form as described in the relevant Authorized Participant Agreement or if the fulfillment of the Creation Order, in the opinion of its counsel, might be unlawful.
None of the Sponsor, its delegates or the Custodian shall be liable for the suspension or rejection of any Creation Order.