Russian Rubles definition
Examples of Russian Rubles in a sentence
Because the issuance and redemption of Baskets also involve the transfer of Russian Rubles between the Authorized Participant and the Trust, certain processes relating to the underlying transfers of Russian Rubles also are described.
Except as otherwise provided in the Trust Agreement, the surrender of Shares for purposes of withdrawing Russian Rubles may not be suspended.
Any Russian Rubles to be transferred in connection with any Order shall be transferred between the Authorized Participant’s account and the Trust’s deposit accounts established for such transfers pursuant to the Deposit Account Agreement (the “Deposit Accounts”) in accordance with the Procedures.
The Software License Fee for the License Term [during the period from (start date) through (end date)] is Russian Rubles .
The relative benefits received by the Sponsor and the Trust, on the one hand, and the Authorized Participant, on the other hand, shall be deemed to be in the same respective proportions as the amount of Russian Rubles transferred to the Trust under this Agreement on the one hand (expressed in dollars) bears to the amount of economic benefit received by the Authorized Participant in connection with this Agreement on the other hand.
Interest will accrue daily, in Russian Rubles, on all Russian ▇▇▇▇▇ balances in the Interest Account only and will be credited monthly, in Russian Rubles, to the Non-Interest Account.
C1.5.1 Based on the Purchase Orders placed with it on CREATION T, the Trustee sends an email message to the Depository (by CREATION T+1) indicating the approximate total amount of Russian Rubles that the Depository will receive from the Authorized Participant on CREATION T+3.
An Authorized Participant may only deliver Russian Rubles for credit to the Depository in the following ways (RTGSplus, EBA EURO1 or TARGET).
The Authorized Participant shall be responsible for all costs and expenses relating to or connected with any transfer of Russian Rubles between its account and the Deposit Accounts, including any late fees and other charges, if any, for which the Trustee becomes responsible in the event that Russian Rubles are not transferred from the Authorized Participant’s account in accordance with the Procedures.
Under the Trust Agreement, the Trustee issues Baskets in exchange for Russian Rubles which are transferred by an Authorized Participant to the London Branch of JPMorgan Chase Bank, N.A. (the “Depository”), and when the Trustee redeems Baskets tendered for redemption by an Authorized Participant in exchange for Russian Rubles, the Russian Rubles held in the Trust Account are transferred to the Authorized Participant by the Depository.