Common use of Cash in Lieu Clause in Contracts

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Instrument (“cash in lieu”).

Appears in 13 contracts

Samples: Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust)

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Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to included in any Cash Balancing Amount to replace any Redemption Deposit Instrument (“cash in lieu”).

Appears in 13 contracts

Samples: Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, as limited by its ETF Exemptive ReliefOrder), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Deposit Instrument (“cash in lieu”).

Appears in 4 contracts

Samples: Authorized Participant Agreement (ActiveShares ETF Trust), Authorized Participant Agreement (ActiveShares ETF Trust), Authorized Participant Agreement (Pgim Etf Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, as limited by its ETF Exemptive ReliefOrder), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Instrument (“cash in lieu”).

Appears in 4 contracts

Samples: Authorized Participant Agreement (ActiveShares ETF Trust), Authorized Participant Agreement (ActiveShares ETF Trust), Authorized Participant Agreement (Pgim Etf Trust)

Cash in Lieu. The Trust mayTrust, in its the Trust’s sole discretion (except to the extent limiteddiscretion, if at all, by ETF Exemptive Relief), may permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount Component” to replace any Redemption Instrument “Deposit Security” (“cash in lieu”). The Trust may suspend the ability of the Participant to engage in cash in lieu transactions with respect to any Series at any time, without prior notice.

Appears in 3 contracts

Samples: Authorized Participant Agreement (SEI Exchange Traded Funds), Authorized Participant Agreement (Advisors' Inner Circle Fund), Authorized Participant Agreement (Advisors' Inner Circle Fund III)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief)discretion, permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount Component to replace any Redemption Instrument Deposit Security (“cash in lieu”). The Trust may suspend the ability of the Participant to engage in cash in lieu transactions with respect to any Series at any time, without prior notice.

Appears in 2 contracts

Samples: Authorized Participant Agreement (Krane Shares Trust), Authorized Participant Agreement (Pyxis Funds I)

Cash in Lieu. The Trust may, in its sole discretion (except and to the extent limited, if at all, permitted by ETF Exemptive Relief)Law, permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount Component to replace any Redemption Instrument Deposit Security (“cash in lieu”)) or permit the substitution of another asset for any Deposit Security. The Trust may suspend the ability of the Participant to engage in cash in lieu transactions with respect to any Series at any time, without prior notice.

Appears in 1 contract

Samples: Authorized Participant Agreement (LocalShares Investment Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by any applicable ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to included in any Cash Balancing Amount to replace any Redemption Deposit Instrument (“cash in lieu”).

Appears in 1 contract

Samples: Form of Authorized Participant Agreement (Neuberger Berman ETF Trust)

Cash in Lieu. The Trust may, in its sole discretion (except subject to the extent limited, if at all, by ETF Exemptive Reliefcompliance with applicable Law), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Instrument ("cash in lieu").

Appears in 1 contract

Samples: Authorized Participant Agreement (PGIM Rock ETF Trust)

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Cash in Lieu. The Trust may, in its sole discretion (except and to the extent limited, if at all, permitted by ETF Exemptive Relief)Law, permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount Component to replace any Redemption Instrument Deposit Security (“cash in lieu”). The Trust may suspend the ability of the Participant to engage in cash in lieu transactions with respect to any Series at any time, without prior notice.

Appears in 1 contract

Samples: Agency Services Agreement (J.P. Morgan Exchange-Traded Fund Trust)

Cash in Lieu. The Trust may, in its sole discretion (except subject to the extent limited, if at all, by ETF Exemptive Reliefcompliance with applicable Law), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Deposit Instrument ("cash in lieu”)") or permit the substitution of another asset for any Deposit Instrument.

Appears in 1 contract

Samples: Authorized Participant Agreement (PGIM Rock ETF Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief)discretion, permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount Component” to replace any Redemption Instrument “Deposit Security” (“cash in lieu”). The Trust may suspend the ability of the Participant to engage in cash in lieu transactions with respect to any Series at any time, without prior notice.

Appears in 1 contract

Samples: Authorized Participant Agreement (Cambria ETF Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by any applicable ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Instrument (“cash in lieu”).

Appears in 1 contract

Samples: Form of Authorized Participant Agreement (Neuberger Berman ETF Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief)discretion, permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount Component to replace any Redemption Instrument Deposit Security (“cash in lieu”)) or permit the substitution of another asset for any Deposit Security. The Trust may suspend the ability of the Participant to engage in cash in lieu transactions with respect to any Series at any time, without prior notice.

Appears in 1 contract

Samples: Authorized Participant Agreement (Exchange Traded Concepts Trust)

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