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Common use of Authority to Transact Clause in Contracts

Authority to Transact. The Participant is authorized to purchase and redeem Creation Units of the Funds, subject to applicable Law and the terms hereof.

Appears in 2 contracts

Sources: Authorized Participant Agreement (Putnam ETF Trust), Transfer Agency and Service Agreement (Putnam ETF Trust)

Related Clauses

  • Authority to Carry on Business
  • No Authority to Bind Company
  • Authority to Bind
  • No Authority to Bind
  • Authority to Sell

Parent Clauses

  • Orders for Purchase and Redemption Generally
  • REPRESENTATIONS AND WARRANTIES OF THE PURCHASER
  • REPRESENTATIONS AND WARRANTIES
  • Sellers’ Representations
  • REPRESENTATIONS AND WARRANTIES OF EACH SELLER
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