Common use of ROLE OF PARTICIPANT Clause in Contracts

ROLE OF PARTICIPANT. (a) The Participant shall have no authority in any transaction to act as agent of the Distributor, the Fund or State Street Bank.

Appears in 2 contracts

Samples: Authorized Participant Agreement (Countrybasket Index Fund Inc /Ny/), Authorized Participant Agreement (Countrybasket Index Fund Inc /Ny/)

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ROLE OF PARTICIPANT. (a) The Participant shall have no authority in any transaction to act as agent of the Distributor, the Fund Bank or State Street Bankthe Trust.

Appears in 1 contract

Samples: Participant Agreement (Rydex Etf Trust)

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ROLE OF PARTICIPANT. (a) The Participant shall have no authority in any ------------------- transaction to act as agent of the Distributor, the Fund Trustee or State Street Bankthe Trust.

Appears in 1 contract

Samples: Form of Participant Agreement (Diamonds Trust Series I)

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