Common use of Redemption Order Clause in Contracts

Redemption Order. (a) Except as otherwise provided for herein, all orders to exchange Tradeable Shares into Holding Shares and concurrently redeem such Holding Shares as one or more MACRO Units based on the default procedure or to redeem Holding Shares pursuant to instructions submitted by the Authorized Participant for cash or for cash and/or Eligible Treasuries shall be made in accordance with the terms of the applicable Trust Agreements, this Participants Agreement and the Redemption Procedures. Each party will comply with such foregoing terms and procedures to the extent applicable. Each Authorized Participant hereby consents to the use of recorded telephone lines whether or not such use is reflected in the Redemption Procedures. The applicable Trustee, the Administrative Agent and the Depositor may issue additional or other procedures from time to time relating to the manner of exchanging Tradeable Shares and concurrently redeeming such shares as part of one or more MACRO Units or redeeming Paired Holding Shares consisting of one or more MACRO Units which are not related to the Redemption Procedures, and each Authorized Participant shall comply with such procedures.

Redemption Order. (a) Except as otherwise provided for herein, all orders to redeem one or more MACRO Units upon a deposit of Paired Holding Shares consisting of one or more MACRO Units into cash and/or Treasuries and/or exchange Tradeable Shares into Holding Shares and concurrently redeem such Holding Shares shares as part of one or more MACRO Units based on the default procedure or to redeem Holding upon a deposit of Tradeable Shares pursuant to instructions submitted by the Authorized Participant for cash or for cash and/or Eligible Treasuries shall be made in accordance with the terms of the applicable Trust Agreements, this Participants Agreement and the Redemption Exchange Procedures. Each party will comply with such foregoing terms and procedures to the extent applicable. Each Authorized Participant hereby consents to the use of recorded telephone lines whether or not such use is reflected in the Redemption Procedures. The applicable Trustee, the Administrative Agent and the Depositor may issue additional or other procedures from time to time relating to the manner of redeeming of Paired Holding Shares consisting of one or more MACRO Units or exchanging Tradeable Shares and concurrently redeeming such shares as part of one or more MACRO Units or redeeming Paired Holding Shares consisting of one or more MACRO Units a MACRO-Unit which are not related to the Redemption Procedures, and each Authorized Participant shall comply with such procedures.