Redemption Distribution definition

Redemption Distribution means the cash delivered in satisfaction of a redemption of a Redemption Basket as specified in Section 7.1(c).

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Redemption Distribution means, subject to deduction of any tax or other governmental charges due thereon, the cash in an amount equal to the product obtained by multiplying (i) the number of Redemption Baskets set forth in the relevant Redemption Order by

Redemption Distribution means, subject to deduction of any tax or other governmental charges due thereon, the cash in an amount equal to the product obtained by multiplying (i) the number of Redemption Baskets set forth in the relevant Redemption Order by (ii) the Net Asset Value Per Basket of the applicable Fund as of the close of the NYSE Arca Core Trading Session or the last to close of the exchanges on which the applicable Fund’s futures contracts are traded, whichever is later, on the Redemption Order Date. Each Participant is responsible for ensuring that the Creation Basket Capital Contribution and/or the Redemption Basket it intends to transfer to the Trust (for the applicable Fund) in exchange for Creation Baskets or redemption proceeds, as applicable, is available for transfer to such Trust (for the applicable Fund) in the manner and at the times described in these Procedures. Participants will be required to pay a nonrefundable per order transaction fee of $500 to the Transfer Agent (the “Transaction Fee”).

Examples of Redemption Distribution in a sentence

• Pursuant to instruction from the Sponsor, the Custodian may also deliver the redemption distribution notwithstanding that the Baskets to be redeemed are not credited to the Fund’s DTC account on the Redemption Distribution Date if the Authorized Participant has collateralized its obligation to deliver the Baskets through DTC’s book entry system on such terms as the Sponsor may from time to time determine.

• The Sponsor from time to time may, but shall have no obligation to, establish procedures with respect to redemption of Limited Shares in lot sizes smaller than the Redemption Basket and permitting the Redemption Distribution to be in a form, and delivered in a manner, other than that specified in Section 7.1.

• Notwithstanding the foregoing, when and under such conditions as the Sponsor may from time to time determine, the Sponsor shall be authorized to deliver the Redemption Distribution notwithstanding that a Redemption Basket has not been credited to the Trust’s or the applicable account at the Depository if the Participant has collateralized its obligation to deliver the Redemption Basket on such terms as to which the Sponsor may, in its sole discretion, from time to time agree.

• If the Redemption Basket(s) comprising the Suspended Redemption Order are credited to the Distributor’s account at the Depository on such following Business Day, the Redemption Distribution with respect to the Suspended Redemption Order shall be paid in the manner provided in the second preceding sentence.

• The redemption distribution due from the Fund is delivered to the Authorized Participant on the Redemption Distribution Date if the Fund’s DTC account has been credited with the Baskets to be redeemed.

More Definitions of Redemption Distribution

Redemption Distribution means the cash or other assets, to the extent permitted by this Trust Agreement and in the applicable Authorized Participant Agreement, to be delivered in satisfaction of a redemption of a Redemption Unit as specified in the applicable Authorized Participant Agreement.

Redemption Distribution shall have the meaning assigned thereto in the Participant Agreement.

Redemption Distribution means, subject to deduction of any tax or other governmental charges due thereon, the cash in an amount equal to the product obtained by multiplying (i) the number of Redemption Baskets set forth in the relevant Redemption Order by (ii) the Net Asset Value Per Basket of the Trust as of the close of the NYSE Arca Core Trading Session or the last to close of the exchanges on which the Trust’s futures contracts are traded, whichever is later, on the Redemption Order Date. Each Participant is responsible for ensuring that the Creation Basket Capital Contribution and/or the Redemption Basket it intends to transfer to the Trust in exchange for Creation Baskets or redemption proceeds, as applicable, is available for transfer to such Trust in the manner and at the times described in these Procedures. Participants will be required to pay a nonrefundable per order transaction fee of $500 to the Transfer Agent (the “Transaction Fee”). • Any Creation Order is subject to acceptance or rejection by the Transfer Agent, in consultation with the Managing Owner, for the reasons set forth in the Trust Agreement or the Participant Agreement. • Any Redemption Order is subject to acceptance or rejection by the Transfer Agent, in consultation with the Managing Owner, for the reasons set forth in the Trust Agreement or the Participant Agreement. • All Orders are subject to the provisions of the Trust Agreement and the Participant Agreement relating to unclear or ambiguous instructions. ANNEX I WEBSITE BASED ORDERS AND TELEPHONE/FAX BASED ORDERS

Redemption Distribution shall have the meaning assigned to such term in Section 9.01(c).

Redemption Distribution shall have the meaning set forth in Section 6.2(c) hereof.

Redemption Distribution means the distribution to PIC, in full redemption ----------------------- of its interest in the Partnership, of all or a portion of the Investment Notes and, if applicable, cash, as determined in accordance with the Redemption Agreement.

Redemption Distribution means, subject to deduction of any tax or other governmental charges due thereon, the cash in an amount equal to the product obtained by multiplying (i) the number of Creation Baskets set forth in the relevant Redemption Order by (ii) the Net Asset Value Per Basket of the Trust as of the close of the Trading Session of the exchange on the Redemption Order Date.