Creation Units definition

Creation Units means the minimum number of shares for subscription in kind or in cash

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Creation Units means the minimum number of Shares for subscription in kind or

Creation Units means the specified number of ETF Units for issuance or redemption as determined by the Asset Management Company and disclosed in the Constitutive Documents.

Examples of Creation Units in a sentence

• It shall be the responsibility of the Trust to notify the Transfer Agent of the obligations imposed on the Trust, the Creation Units, or the Shares in connection with the services provided by the Transfer Agent hereunder by the tax law of countries, states and political subdivisions thereof, including responsibility for withholding and other taxes, assessments or other governmental charges, certifications and governmental reporting.

• The Custodian is authorized and instructed to rely upon the information that the Custodian receives from the Fund or any third party on behalf of the Fund (including, without limitation, any confirmation received from the Fund, the Sponsor or any other Information Classification: Limited Access authorized person as to the delivery by an Authorized Participant of required Digital Assets determined to be sufficient for the related issuance of Creation Units).

• The Fund acknowledges that the Bank and the Transfer Agent shall have no obligation to accept any Authorized Participant’s order for Creation Units, and shall have the right to block, freeze or reject any Authorized Participant’s order or account, as applicable, in order for the Bank and/or the Transfer Agent to meet its legal and/or internal compliance requirements.

• The Trust hereby agrees and acknowledges that the Transfer Agent may rely on the current list of authorized persons, including the Sponsor, as provided or agreed to by the Trust in writing and as may be amended from time to time (each, an “Authorized Person”), in receiving instructions to issue or redeem Creation Units.

• The Transfer Agent shall have no responsibility or liability for any obligations now or hereafter imposed on the Trust, any Creation Units, any Shares, a beneficial owner thereof, an Authorized Participant or the Transfer Agent in connection with the services provided by the Transfer Agent hereunder by the tax laws of any country or of any state or political subdivision thereof.

More Definitions of Creation Units

Creation Units means aggregations of Shares in each Fund as more fully described in the currently effective Prospectus.

Creation Units shall have the meaning given in the Trust’s transfer agency and service agreement with State Street Bank and Trust Company as transfer agent, dated as of the date of this Agreement. The Administrator shall provide the office facilities and the personnel determined by it to perform the services contemplated herein.

Creation Units means units ordinarily issued for the purchase and redemption of Shares of the BFA Recipient only in aggregations of Shares (currently 40,000 Shares, which amount can be changed over time).

Creation Units shall have the meaning giving it in Article III, Section 3 of this Declaration of Trust.

Creation Units means the minimum number of Units for subscription in

Creation Units means aggregations of a specified number of shares by which the Fund offers and issues.

Creation Units shall have the meaning given in the Trust’s Registration Statement with respect to the applicable Fund. The provision of such services shall be subject to the terms and conditions of this Agreement.