Common use of Ambiguous Instructions Clause in Contracts

Ambiguous Instructions. If a Creation/Redemption Order Form otherwise in good form contains order terms that differ from the information provided in the telephone call at the time of issuance of the applicable order number, the Transfer Agent will attempt to contact one of the Authorized Persons of the Authorized Participant to request confirmation of the terms of the Order. If an Authorized Person confirms the terms as they appear in the Order, then the Order shall be accepted and processed. If an Authorized Person contradicts the Order terms, the Order shall be deemed invalid, and a corrected Order must be received by the Transfer Agent not later than the earlier of: (i) within 15 minutes of such contact with the Authorized Person; or (ii) 45 minutes after the Order Cut-Off Time. The Transfer Agent will attempt to promptly contact an Authorized Person regarding any inconsistency with the terms of the telephone information. In the event that an Order contains terms that are illegible, the Order shall be deemed invalid and the Transfer Agent will use reasonable efforts to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Transfer Agent not later than the earlier of (i) within 15 minutes of such contact with the Authorized Person or (ii) 45 minutes after the Order Cut-Off Time, as the case may be.

Appears in 3 contracts

Samples: Form of Participant Agreement (VanEck Ethereum Trust), Form of Participant Agreement (VanEck Bitcoin Trust), Participant Agreement (Winklevoss Bitcoin Trust)

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Ambiguous Instructions. If a Creation/Redemption an Order Form otherwise in good form contains order terms that differ from the information provided in the telephone call at the time of issuance of the applicable order numberOrder Number, the Transfer Agent will attempt to contact one of the Authorized Persons Representatives of the Authorized Participant to request confirmation of the terms of the Order. If an Authorized Person Representative confirms the terms as they appear in the Order, then the Order shall be accepted and processed. If an Authorized Person Representative contradicts the Order terms, the Order shall be deemed invalid, and a corrected Order must be received by the Transfer Agent not later than the earlier of: (ia) within 15 minutes of such contact with the Authorized PersonRepresentative; or (iib) 45 minutes after the Order Cut-Off Time. The If the Transfer Agent will attempt is not able to promptly contact an Authorized Person regarding Representative, then the Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency with the terms of the telephone information. In the event that an Order contains terms that are illegible, the Order shall be deemed invalid and the Transfer Agent will use reasonable efforts attempt to contact one of the Authorized Persons Representatives of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Transfer Agent not later than the earlier of (i) within 15 minutes of such contact with the Authorized Person Representative or (ii) 45 minutes after the Order Cut-Off Time, as the case may be.

Appears in 3 contracts

Samples: Authorized Participant Agreement (AccuShares Commodities Trust I), Authorized Participant Agreement (AccuShares Commodities Trust I), Authorized Participant Agreement (AccuShares Commodities Trust I)

Ambiguous Instructions. If a Creation/Redemption In the event that an Order Form otherwise in good form contains order terms that differ differs from the information provided in the telephone call at the time of issuance of the applicable order numberOrder Number, the Transfer Agent telephone representative will attempt use efforts that are reasonable under the circumstances to contact one the Participant promptly following receipt of the Authorized Persons of the Authorized Participant such submission to request confirmation of the terms of the Orderorder. If an Authorized Person confirms the terms as they appear in the Order, Order then the Order shall order will be accepted and processed. If an Authorized Person contradicts the Order its terms, the Order shall will be deemed invalid, invalid and a corrected Order must be received by the Transfer Agent telephone representative not later than the earlier of: of (i) within 15 minutes of such contact with the Authorized Person; Participant or (ii) 45 minutes after the Order Cut-Off NYSE Closing Time. The Transfer Agent will attempt If the telephone representative is not able to promptly contact an Authorized Person regarding Person, then the Order shall be processed in accordance with its terms notwithstanding any inconsistency with from the terms of the telephone information. In the event that an Order contains terms that are illegible, as determined in the sole discretion of the Transfer Agent, the Order shall will be deemed invalid and the Transfer Agent telephone representative will use reasonable efforts attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order ORDER must be received RECEIVED by the Transfer Agent telephone representative not later than the earlier of (i) within 15 minutes of such contact with the Authorized Person Participant or (ii) 45 minutes after the Order Cut-Off NYSE Closing Time, as the case may be.

Appears in 2 contracts

Samples: Participant Agreement (Rydex Etf Trust), Form of Participant Agreement (Rydex Etf Trust)

Ambiguous Instructions. If a Creation/Redemption In the event that an Order Form otherwise in good form contains order terms that differ from the information provided in the telephone call at the time of issuance of the applicable order numberOrder Number, the Transfer Agent telephone representative will attempt to contact one of the Authorized Persons of the Authorized Participant to request confirmation of the terms of the Orderorder. If an Authorized Person confirms the terms as they appear in the Order, Order then the Order shall order will be accepted and processed. If an Authorized Person contradicts the Order its terms, the Order shall will be deemed invalid, invalid and a corrected Order must be received by the Transfer Agent telephone representative not later than the earlier of: of (i) within 15 minutes of such contact with the Authorized Person; Participant or (ii) 45 minutes after the Order Cut-Off Time. The Transfer Agent will attempt If the telephone representative is not able to promptly contact an Authorized Person regarding Person, then the Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency with from the terms of the telephone information. In the event that an Order contains terms that are illegible, as determined in the sole discretion of the Distributor or the Transfer Agent, the Order shall will be deemed invalid and the Transfer Agent telephone representative will use reasonable efforts attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Transfer Agent telephone representative not later than the earlier of (i) within 15 minutes of such contact with the Authorized Person Participant or (ii) 45 minutes after the Order Cut-Off Time, as the case may be.

Appears in 1 contract

Samples: Authorized Participant Agreement (Russell Exchange Traded Funds Trust)

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Ambiguous Instructions. If a Creation/Redemption Creation Order Form otherwise in good form contains order terms that differ from the information provided in the telephone call at the time of issuance of the applicable order numberOrder Number, the Transfer Agent will attempt to contact one of the Authorized Persons of the Authorized Participant to request confirmation of the terms of the Order. If an Authorized Person confirms the terms as they appear in the Order, then the Order shall be accepted and processed. If an Authorized Person contradicts the Order terms, the Order shall be deemed invalid, and a corrected Order must be received by the Transfer Agent not later than the earlier of: (i) within 15 minutes of such contact with the Authorized Person; or (ii) 45 minutes after the Order Cut-Off Time. The If the Transfer Agent will attempt is not able to promptly contact an Authorized Person regarding Person, then the Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency with the terms of the telephone information. In the event that an Order contains terms that are illegible, the Order shall be deemed invalid and the Transfer Agent will use reasonable efforts attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Transfer Agent not later than the earlier of (i) within 15 minutes of such contact with the Authorized Person or (ii) 45 minutes after the Order Cut-Off Time, as the case may be.

Appears in 1 contract

Samples: Participant Agreement (STREAM S&P Dynamic Roll Global Commodities Fund)

Ambiguous Instructions. If a Creation/Redemption In the event that an Order Form otherwise in good form contains order terms that differ from the information provided in the telephone call at the time of issuance of the applicable order numberOrder Number, the Transfer Agent telephone representative will attempt to contact one of the Authorized Persons of the Authorized Participant to request confirmation of the terms of the Orderorder. If an Authorized Person confirms the terms as they appear in the Order, Order then the Order shall order will be accepted and processed. If an Authorized Person contradicts the Order its terms, the Order shall will be deemed invalid, invalid and a corrected Order must be received by the Transfer Agent telephone representative not later than the earlier of: of (i) within 15 minutes of such contact with the Authorized Person; Participant or (ii) 45 minutes after the Order Cut-Off Time. The Transfer Agent will attempt If the telephone representative is not able to promptly contact an Authorized Person regarding Person, then the Order shall be accepted and processed in accordance with its terms notwithstanding any inconsistency with from the terms of the telephone information. In the event that an Order contains terms that are illegible, as determined in the sole discretion of the Distributor (in the case of creations) or the Transfer Agent (in the case of redemptions), the Order shall will be deemed invalid and the Transfer Agent telephone representative will use reasonable efforts attempt to contact one of the Authorized Persons of the Authorized Participant to request retransmission of the Order. A corrected Order must be received by the Transfer Agent telephone representative not later than the earlier of (i) within 15 minutes of such contact with the Authorized Person Participant or (ii) 45 minutes after the Order Cut-Off Time, as the case may be.

Appears in 1 contract

Samples: Participant Agreement (Streettracks Series Trust)

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