Creation Units. The Shares of any Series offered by the Trust may be directly purchased only from or redeemed only to the Distributor in Creation Units. The number of Shares of a Series constituting a Creation Unit shall be stated in the “Prospectus” of the applicable Series. The Participant is authorized to create and redeem Creation Units of said Series as determined in the discretion of the Trust and/or the Distributor, subject to applicable Law and the terms hereof.
Appears in 5 contracts
Samples: Authorized Participant Agreement (Quaker Investment Trust), Authorized Participant Agreement (SEI Exchange Traded Funds), Authorized Participant Agreement (Advisors' Inner Circle Fund)
Creation Units. The Shares of any Series offered by the Trust may only be directly purchased only from or redeemed only to the Distributor in Creation Units. The number of Shares of a Series constituting a Creation Unit shall will be stated in the “Prospectus” Prospectus of the applicable Series. The Participant is authorized to create and redeem Creation Units of said such Series as determined in the discretion of the Trust and/or the Distributor, subject to applicable Law and the terms hereof.
Appears in 2 contracts
Samples: Authorized Participant Agreement (Krane Shares Trust), Authorized Participant Agreement (Pyxis Funds I)
Creation Units. The Shares of any Series offered by the Trust may only be directly purchased only from or redeemed only to the Distributor in Creation Units. The number of Shares of a Series constituting a Creation Unit shall will be stated in the “Prospectus” of the applicable Series. The Participant is authorized to create and redeem Creation Units of said such Series as determined in the discretion of the Trust and/or the Distributor, subject to applicable Law and the terms hereof.
Appears in 1 contract
Samples: Authorized Participant Agreement (Cambria ETF Trust)
