Redemption Order Date definition
Examples of Redemption Order Date in a sentence
The Marketing Agent will publish such requirements shortly after 4:00 p.m. New York time on the Redemption Order Date.
As promptly as practicable following the publication of the net asset value of the applicable Fund and the net asset value per Share of the applicable Shares on the Redemption Order Date, the Managing Owner shall communicate to the Participant the amount of cash to be delivered in the Redemption Distribution.
Cut-Off Time, the Sponsor or its delegate will calculate the Total Basket Amount that the relevant Trust must transfer to the Authorized Participant to fulfill the Redemption Order on the Redemption Order Date in accordance with Section 2 of Article II of these Procedures.
As promptly as practicable following the publication of the net asset value of the Trust and the net asset value per Share of the Shares on the Redemption Order Date, the Managing Owner shall communicate to the Participant the amount of cash to be delivered in the Redemption Distribution.
The Marketing Agent will publish such requirements as of 4:00 PM New York time on the Redemption Order Date.
The Sponsor may cause the Redemption Distribution to be delivered notwithstanding that the Redemption Baskets being tendered for redemption are not credited to the Fund’s account at the Depository by 12:00 p.m., New York time, on the next Business Day immediately following the Redemption Order Date if the Authorized Participant has collateralized its obligation to deliver the Redemption Baskets through the Depository’s book entry system on such terms as the Sponsor may from time to time determine.
As described in the Procedures, in the case of a Redemption Order that is held open until the fourth Business Day following the Redemption Order Date, for each day (whether or not a Business Day) the Redemption Order is held open, the Authorized Participant will be charged by the Trustee the greater of $300 and $30 times the number of Baskets covered by the Redemption Order.
If the Cash Redemption Amount is negative, then it shall reduce the credit to the Participant's Participant Unallocated Account, by an amount of Gold equal in value, at the price of Gold determined under Section 4.01 hereof for the Redemption Order Date, to such negative Cash Redemption Amount.
The minimum number of streetTRACKS(R) Gold Shares that may be redeemed pursuant to Section 5.02, which shall be the number of shares constituting a Creation Basket on the Redemption Order Date.
As described in the Procedures, in the case of a Redemption Order that is held open until the fourth Business Day following the Redemption Order Date, for each day (whether or not a Business Day) the Redemption Order is held open, the Authorized Participant will be charged by the Trustee the greater of (i) $300 and (ii) $30 times the number of Baskets covered by the Redemption Order.