RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed telephone Purchase Order has been placed by the AP (either on its own or its customer’s behalf) not later than the Listing Exchange Closing Time, the Distributor will accept the Purchase Order on behalf of the Trust and Distributor and will confirm in writing to the AP that its Purchase Order has been accepted by 4:45 p.m. Eastern Standard Time on the Business Day that the Purchase Order is received.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed telephone Purchase Order has been placed by the AP (either on its own or its customer’s behalf) not later than the Order Cutoff Time, the Marketing Agent will accept the Purchase Order on behalf of the Trust and will confirm in writing to the AP that its Purchase Order has been accepted within 45 minutes after the designated Order Cutoff time on the Business Day that the Purchase Order is received. Once the purchase order has been approved by the Marketing Agent, the Marketing Agent will sign or time-stamp the order and send that purchase order to the BNYM ETF Administrator.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed telephone Purchase Order has been placed by the AP (either on its own or its customer’s behalf) not later than the Order Cutoff Time, the Distributor will accept the Purchase Order on behalf of the Trust and will confirm in writing to the AP that its Purchase Order has been accepted within 45 minutes after the designated Order Cutoff time on the Business Day that the Purchase Order is received. Once the Purchase Order has been approved by the Distributor, the Distributor will sign or time-stamp the order and send that Purchase Order to the Administrator.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed Redemption Order has been placed by the AP not later than the Order Cutoff Time and that the Distributor finds no cause to reject such Purchase Order for the reason(s) listed in Section 3 below, the Distributor will accept the Purchase Order on behalf of the Trust and will confirm in writing to the AP that its Purchase Order has been accepted within 45 minutes after the designated Order Cutoff Time on the Order Date (e.g., 4:45 PM ET or 6:15 PM ET, as appropriate). Once the Redemption Order has been approved by the Distributor, the Distributor signs the written Redemption Order (indicating the time of its signature) and transmits that Redemption Order to the BNYM ETF Order Desk Administrator, if not approving the order(s) on-line via the ETF Center Interface. Until such time as the Distributor confirms acceptance thereof, any Redemption Order remains subject to rejection by the Trust for any reason(s) listed in Section 3 below.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly ----------------------------- completed telephone Purchase Order has been placed by Participant (either on its own or another investor's behalf) not later than the AMEX Closing Time, the Distributor will accept the Purchase Order on behalf of Fund and Distributor and will confirm in writing to Participant that its Purchase Order has been accepted by 7:00 p.m. Eastern Standard Time on the Business Day that the Purchase Order is received.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed Purchase Order has been placed by the AP not later than the Order Window Cut-off Time and that the Distributor finds no cause to reject such Purchase Order for the reason(s) listed in Section 3 below, the Distributor will accept the Purchase Order on behalf of the Trust and will confirm in writing or electronically (if using the BNYM ETF Center Interface) to the AP that its Purchase Order has been accepted within 45 minutes after the designated Order Window Cut-off Time on the date the order is placed (“Order Date”), as appropriate. Once the Purchase Order has been approved by the Distributor, the Distributor signs the written Purchase Order (indicating the time of its signature) and transmits that Purchase Order to the BNYM ETF Order Desk Administrator, if not approving the Order(s) on-line via the ETF Center Interface. Until such time as the Distributor confirms acceptance thereof, any Purchase Order remains subject to rejection by the Trust for any reason(s) listed in Section 3 below.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed Redemption Order has been placed by the AP not later than the Order Window Cut-off Time and that the Distributor finds no cause to reject such Redemption Order for the reason(s) listed in Section 3 below, the Distributor will accept the Redemption Order on behalf of the Trust and will confirm in writing or electronically (if using the BNYM ETF Center Interface) to the AP that its Redemption Order has been accepted within 45 minutes after the designated Order Window Cut-off Time on the Order Date, as appropriate). Once the Redemption Order has been approved by the Distributor, the Distributor signs the written Redemption Order (indicating the time of its signature) and transmits the Redemption Order to the BNYM ETF Order Desk Administrator, if not approving the Order(s) on-line via the ETF Center Interface. Until such time as the Distributor confirms acceptance thereof, any Redemption Order remains subject to rejection by the Trust for any reason(s) listed in Section 3 below.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed telephone Purchase Order has been placed with the Transfer Agent by the AP (either on its own or its customer’s behalf) not later than the Order Cutoff Time, the Order Examiner will approve the Purchase Order on behalf of the Trust and will confirm in writing to the AP that its Purchase Order has been approved as of the Business Day that the Purchase Order was received by the Transfer Agent. Once the Purchase Order has been approved by the Order Examiner, the Order Examiner will sign or time-stamp the order and send that Purchase Order to BNY Mellon.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed telephone Purchase Order has been placed by the AP (either on its own or its customer’s behalf) not later than the applicable Purchase Closing Time, the Distributor will accept the Purchase Order on behalf of Company and Distributor and will confirm in writing to the AP that its Purchase Order has been accepted within 45 minutes after the designated Order Window Cut-off Time (e.g., 4:45 p.m. or 5:30 p.m. Eastern Time, as appropriate) on the Business Day the Purchase Order is received. Once the Purchase Order has been approved by the Distributor, the Distributor will sign or time-stamp the order and send the Purchase Order to the Transfer Agent.
RECEIPT OF TRADE CONFIRMATION. Subject to the conditions that a properly completed Purchase Order has been placed by the AP not later than the Order Cutoff Time and that the Distributor finds no cause to reject such Purchase Order for the reason(s) listed in Section 3 below, the Distributor will accept the Purchase Order on behalf of the Trust and will confirm in writing to the AP that its Purchase Order has been accepted within 45 minutes after the designated Order Cutoff Time on the Order Date (e.g., 4:45 PM ET or 6:15 PM ET, as appropriate). Once the Purchase Order has been approved by the Distributor, the Distributor signs the written Purchase Order (indicating the time of its signature) and transmits that Purchase Order to the BNYM ETF Administrator. The Authorized Participant is advised that, if an error occurs in calculating a Fund’s net asset value after Authorized Participant receives a Purchase Order confirmation but prior to the Contractual Settlement Date, the Custodian will reprocess the Purchase Order and notify the Authorized Participant. If there is a loss to the Fund as a result of the error in calculating the net asset value, the Authorized Participant will be required to pay the additional value in cash on or prior to the Contractual Settlement Date. If there is a Fund benefit, the amount of the benefit will be returned to the Authorized Participant on the Contractual Settlement Date. Until such time as the Distributor confirms acceptance thereof, any Purchase Order remains subject to rejection by the Trust for any reason(s) listed in Section 3 below.
