Redemption Basket definition

Redemption Basket means 100,000 Units or such other number of Units as may be determined by the General Partner from time to time, redeemed by a Participant.

Redemption Basket means the minimum number of Limited Shares of a Fund that may be redeemed pursuant to Section 7.1, which shall be the number of Limited Shares of such Fund constituting a Creation Basket on the relevant Redemption Order Date.

Redemption Basket means the minimum number of Limited Units that may be redeemed pursuant to Section 7.1, which shall be the number of Limited Units constituting a Creation Basket on the relevant Redemption Order Date.

Examples of Redemption Basket in a sentence

• The Managing Owner from time to time may, but shall have no obligation to, establish procedures with respect to redemption of Limited Units in lot sizes smaller than the Redemption Basket and permitting the Redemption Distribution to be in a form, and delivered in a manner, other than that specified in Section 7.1.

• By placing a Redemption Order, an Authorized Purchaser agrees to deliver the Redemption Basket to be redeemed through DTC’s book-entry system to the Fund’s account with the Custodian not later than the end of next Business Day following the effective date of the Redemption Order (“Redemption Distribution Date”) or the end of such later Business Day as agreed to by the Authorized Purchaser and the Transfer Agent in advance of when the Redemption Order is placed.

• By placing a Redemption Order, an Authorized Purchaser agrees to deliver the Redemption Basket to be redeemed through DTC’s book-entry system to the Fund’s account with the Custodian not later than 12:00 PM New York time on the third Business Day following the effective date of the Redemption Order (“Redemption Distribution Date”).

• The Sponsor from time to time may, but shall have no obligation to, establish procedures with respect to redemption of Units in (i) lot sizes smaller than the Redemption Basket, (ii) permitting the Redemption Distribution to be in a form, and delivered in a manner, other than that specified in Section 8.1, and (iii) for redemptions deemed necessary, in the Sponsor’s sole discretion, to comply with applicable law, rule, regulation or policy.

• The Sponsor from time to time may, but shall have no obligation to, establish procedures with respect to redemption of Limited Shares in lot sizes smaller than the Redemption Basket and permitting the Redemption Distribution to be in a form, and delivered in a manner, other than that specified in Section 7.1.

More Definitions of Redemption Basket

Redemption Basket means the minimum number of Limited Units of a Fund that may be redeemed pursuant to Section 7.1, which shall be the number of Limited Units of such Fund constituting a Creation Basket on the relevant Redemption Order Date.

Redemption Basket means a portfolio of Index Securities and non-Index Securities determined and designated, or approved, by the Manager in respect of each Dealing Day for the purposes of the redemption of Units in a Redemption Unit aggregation for that Dealing Day;

Redemption Basket means 50,000 Units or such other number of Units as may be determined by the General Partner from time to time, redeemed by a Participant.

Redemption Basket means the Redemption Securities and Balancing Amount required to purchase a creation unit of a Fund on a Redemption Date.

Redemption Basket means the minimum number of Limited Shares of a Master Fund that may be redeemed pursuant to Section 7.1, which shall be the number of Limited Shares of a Master Fund constituting a Creation Basket on the relevant Redemption Order Date.

Redemption Basket means the minimum number of Units that may be redeemed pursuant to the Participant Agreement, which shall be the number of Units constituting a Creation Basket on the relevant Redemption Order Date, as defined in the Participant Agreement.

Redemption Basket means a Basket redeemed by the Trust in exchange for Bitcoins in an amount equal to the Basket Bitcoin Amount.