Authorized Participant Status. The Authorized Participant understands and acknowledges that the method by which Baskets of Shares will be created and traded may raise certain issues under applicable securities laws. For example, because new Baskets of Shares may be issued and sold by the Trust on an ongoing basis, at any point a “distribution”, as such term is used in the 1933 Act, may occur.
Appears in 19 contracts
Sources: Authorized Participant Agreement (Abrdn Silver ETF Trust), Authorized Participant Agreement (Abrdn Precious Metals Basket ETF Trust), Authorized Participant Agreement (Abrdn Palladium ETF Trust)
Authorized Participant Status. The Authorized Participant understands and acknowledges that the method by which Baskets of Shares will be created and traded may raise certain issues under applicable securities laws. For example, because new Baskets of Shares may be issued and sold by the Trust on an ongoing basis, at any point a “distribution”, as such term is used in the 1933 Act, may occur..
Appears in 6 contracts
Sources: Authorized Participant Agreement, Authorized Participant Agreement (Etfs Silver Trust), Authorized Participant Agreement (ETFS Precious Metals Basket Trust)
Authorized Participant Status. The Authorized Participant understands and acknowledges that the method by which Baskets of Shares will be created and traded may raise certain issues under applicable securities laws. For example, because new Baskets of Shares may be issued and sold by the Trust on an ongoing basis, at any point a “distribution”, as such term is used in the 1933 Act, may occur. The Authorized Participant should consult with its own counsel in connection with entering into this Agreement and submitting a Purchase Order or Redemption Order.
Appears in 2 contracts
Sources: Authorized Participant Agreement (Bitwise Solana ETF), Authorized Participant Agreement (Bitwise 10 Crypto Index Fund)