Basket definition

Basket has the meaning set forth in Section 8.04(a).

Basket has the meaning set forth in Section 9.4(a).

Basket means the notional basket comprised of the Shares, as described under “THE BASKET”.

Examples of Basket in a sentence

• The Authorized Participant shall be responsible for the payment of any transfer tax, sales or use tax, stamp tax, recording tax, value added tax and any other similar tax or government charge applicable to the creation or redemption of any Basket made pursuant to this Agreement, regardless of whether or not such tax or charge is imposed directly on the Authorized Participant.

• The Authorized Participant enters into this agreement based on an estimated Basket disseminated the previous business day and recognizes the final Basket ounces of Gold represented will be decreased based on the Trust’s daily accrual.

• When a final NAV is calculated it will be disseminated to all Authorized Participants, and the Basket and or cash required for the Order entered into on this day will be finalized and this Order Form will serve as a legally binding contract for settlement in one business day.

• All representations and warranties deemed to be made under this Section 3.4 shall survive the Delivery of a Basket Ether Amount, Delivery or Surrender of Shares or termination of this Agreement.

• When a final NAV is calculated it will be disseminated to all Authorized Participants, and the Basket and or cash required for the Order entered into on this day will be finalized and this Order Form will serve as a legally binding contract for settlement in one2 business days.

More Definitions of Basket

Basket means a Creation Basket or a Redemption Basket, as the context may require.

Basket shall have the meaning set forth in Section 10.6(b).

Basket has the meaning set forth in Section 7.3(a).

Basket is defined in Section 8.4(a).

Basket shall have the meaning assigned thereto in Section 11.3.

Basket means 50,000 Shares, except that the Trustee, in consultation with the Sponsor, may from time to time increase or decrease the number of Shares comprising a Basket.

Basket shall have the meaning as set forth in Section 5.4.