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

• The Trust has engaged U.S. Bank, National Association (the “Custodian”) to provide custody services under the terms of a Custody Agreement, as supplemented hereby, for the settlement of Creation Units against Deposit Securities and/or cash that shall be delivered by Authorized Participants in exchange for Shares and the redemption of Shares in Creation Unit size against the delivery of Redemption Securities and/or cash of each ETF Series.

• The Administrator shall not issue on behalf of the Fund any Creation Units where it has received an Instruction from the Fund or the Distributor or written notification from any federal or state authority that the sale of the ETF Shares has been suspended or discontinued, and the Administrator shall be entitled to rely upon such Instructions or written notification.

• It is agreed and understood that the Administrator on the Fund’s behalf, shall process the issuance and redemption of Creation Units of each Portfolio in blocks of Shares as established in the Prospectus for the Portfolio (“Creation Units”) to and from such persons as are identified and approved by the Distributor as Authorized Participants and who have entered into a Participant Agreement.

• Without limiting the general authority of the Board of Trustees under this Declaration of Trust and the DSTA to delegate its authority, the authority of the Board of Trustees under this paragraph with respect to the establishing and altering of the size of Creation Units and the fees associated with Creation Units may be delegated to any officer of the Trust or the Adviser or otherwise as the Board of Trustees considers desirable.

• Notwithstanding the foregoing, if the Board of Trustees determines, pursuant to Article III, Section 3 hereof, to issue shares of any Series or Class in Creation Units, then such Shares shall be redeemable only in accordance with such procedures or methods prescribed or approved by the Board of Trustees from time to time.

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 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 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 means blocks of Fund shares (or multiples thereof) as described in the Prospectus; “DTC” means the Depository Trust Company;

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