Beneficial Owner Communications Clause Samples
The Beneficial Owner Communications clause establishes the procedures and rights for communicating with beneficial owners of securities or interests. Typically, this clause outlines how notices, reports, or other information will be delivered to beneficial owners, often through intermediaries such as brokers or custodians, and may specify the responsibilities of each party in ensuring effective communication. Its core function is to ensure that important information reaches the actual economic owners, thereby promoting transparency and compliance with regulatory requirements.
Beneficial Owner Communications. The Authorized Participant agrees, subject to any limitations arising under federal or state securities laws relating to privacy or other obligations it may have to its customers, to assist the Trustee or the Sponsor in determining the ownership level of each beneficial owner relating to positions in iShares that the Authorized Participant may hold as record holder or that may be held through the Authorized Participant as a DTC Participant. In addition, the Authorized Participant agrees, in accordance with applicable laws, rules and regulations, at the request of the Sponsor or the Trustee to forward to such beneficial owners written materials and communications received from the requesting party in sufficient quantities to allow mailing thereof to such beneficial owners, including notices, annual reports, disclosure or other informational materials and any amendments or supplements thereto that may be required to be sent by the Sponsor or the Trustee to such beneficial owners pursuant to the Trust Agreement or applicable law or regulation, or that the Sponsor or the Trustee reasonably wishes to distribute, at its own expense, to such beneficial owners.
Beneficial Owner Communications. The Authorized Participant agrees (i) subject to any limitations arising under federal or state securities laws relating to privacy, its internal privacy policies, or other obligations it may have to its customers, to assist the Trustee or the Sponsor in determining certain information regarding sales of Shares made by or through the Authorized Participant (including, without limitation, the ownership level of each beneficial owner relating to positions in Shares that the Authorized Participant may hold as record holder) upon the request of the Trustee or the Sponsor that is necessary for the Trustee or Sponsor to comply with their obligations to distribute information to beneficial owners of Shares under applicable state or federal securities laws or (ii) in lieu thereof, and at the option of the Authorized Participant, to forward to such beneficial owners written materials and communications received from the Sponsor or the Trustee in sufficient quantities to allow mailing thereof to such beneficial owners, including notices, annual reports, disclosure or other informational materials and any amendments or supplements thereto that may be required to be sent by the Sponsor or the Trustee to such beneficial owners pursuant applicable law or regulation or otherwise, or that the Sponsor or the Trustee reasonably wishes to distribute to such beneficial owners, in each case at the expense of the Sponsor and/or the Trust.
Beneficial Owner Communications. The Authorized Participant agrees (i) subject to any limitations arising under federal or state securities laws relating to privacy, or other obligations it may have to its customers, to assist the Trustee or the Sponsor in determining certain information regarding sales of Shares made by or through the Authorized Participant (including, without limitation, the ownership level of each beneficial owner relating to positions in Shares that the Authorized Participant may hold as record holder) upon the request of the Trustee or the Sponsor that is necessary for the Trustee or Sponsor to comply with their obligations to distribute information to beneficial owners of Shares under applicable state or federal securities laws and (ii) to forward to such beneficial owners written materials and communications received, directly or indirectly, from the Sponsor or the Trustee in sufficient quantities to allow mailing thereof to such beneficial owners, including, without limitation, notices, annual reports, disclosure or other informational materials and any amendments or supplements thereto that may be required to be sent by the Sponsor or the Trustee to such beneficial owners pursuant to applicable law or regulation or otherwise, or that the Sponsor or the Trustee reasonably wishes to distribute to such beneficial owners, in each case at the expense of the Sponsor and/or the applicable Trust.
Beneficial Owner Communications. The Depositor agrees, subject to any limitations arising under federal or state securities laws relating to privacy or other obligations it may have to its customers, to assist the Trust Administrator in determining the ownership level of each Beneficial Owner relating to positions in Shares that the Depositor may hold as record holder. In addition, the Depositor agrees, in accordance with applicable laws, rules, and regulations, at the request of the Trust Administrator to forward to such Beneficial Owners written materials and communications received from the requesting party in sufficient quantities to allow mailing, emailing, or contacting through electronic or other means thereof to such Beneficial Owners, including notices, annual reports, disclosure, or other informational materials and any amendments or supplements thereto that may be required to be sent by the Trust Administrator to such Beneficial Owners pursuant to the Trust Agreement or applicable law or regulation, or that the Trust Administrator reasonably wishes to distribute, at its own expense, to such Beneficial Owners.
Beneficial Owner Communications. The Authorized Participant agrees, subject to any limitations arising under federal or state securities laws relating to privacy or other obligations it may have to its Authorized Participant Clients, to assist the Transfer Agent or the Sponsor in determining the ownership level of each Beneficial Owner relating to positions in Shares that the Authorized Participant may hold as record holder. In addition, the Authorized Participant agrees, in accordance with applicable laws, rules and regulations, at the request of the Sponsor or the Transfer Agent to forward to such Beneficial Owners written materials and communications received from the requesting party hereto in sufficient quantities to allow mailing thereof to such Beneficial Owners, including notices, annual reports, disclosure or other informational materials and any amendments or supplements thereto that may be required to be sent by the Sponsor or the Transfer Agent to such Beneficial Owners pursuant to the Trust Agreement or applicable law or regulation, or that the Sponsor or the Transfer Agent reasonably wishes to distribute, at its own expense, to such Beneficial Owners.
Beneficial Owner Communications. The Authorized Participant agrees, subject to any limitations arising under federal or state securities laws relating to privacy or other obligations it may have to its customers, to assist the Trustee or the Sponsor in determining the ownership level of each beneficial owner relating to positions in iShares that the Authorized Participant may hold as record holder. In addition, the Authorized Participant agrees, in accordance with securities (and, if applicable, banking) laws, rules and regulations, to forward to such beneficial owners written materials and communications received from the Trustee or the Sponsor in sufficient quantities to allow mailing thereof to such beneficial owners.