ET definition
Examples of ET in a sentence
This Agreement, subject to Section 3.2, shall continue for a period ending at 11:59:59 p.m. ET on the Expiration Date (the “Term”).
For the purchase of a Basket, the Authorized Participant will submit the Purchase Order by the In-Kind Order Cutoff Time (the “In-Kind Order Cutoff Time”), which will be (a) 2:00:00 p.m. ET on the trade date or (b) any other time agreed to by the Sponsor and the Administrative Trustee and of which all existing Authorized Participants have been previously notified by the Administrative Trustee, to create Baskets in exchange for bitcoin and IBIT Shares.
The computation is made by the Administrator as promptly as practicable after 4:00 p.m. ET.
For the redemption of a Basket, the Authorized Participant may be required to submit the Redemption Order by an early order cutoff (the “Redemption Early Cutoff Time”), which may be as early as 6:00 p.m. ET on the business day prior to trade date.
For the purchase of a Basket, the Authorized Participant may be required to submit the Purchase Order by an early order cutoff (the “Purchase Early Cutoff Time”), which may be as early as 6:00 p.m. ET on the business day prior to trade date.