Common use of Cash in Lieu Clause in Contracts

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Instrument (“cash in lieu”).

Appears in 31 contracts

Sources: Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to included in any Cash Balancing Amount to replace any Redemption Deposit Instrument (“cash in lieu”).

Appears in 31 contracts

Sources: Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust), Authorized Participant Agreement (Federated Hermes ETF Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, as limited by its ETF Exemptive ReliefOrder), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Deposit Instrument (“cash in lieu”).

Appears in 6 contracts

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

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, as limited by its ETF Exemptive ReliefOrder), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Instrument (“cash in lieu”).

Appears in 6 contracts

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

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by any applicable ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to any Cash Balancing Amount to replace any Redemption Instrument (“cash in lieu”).

Appears in 1 contract

Sources: Authorized Participant Agreement (Neuberger Berman ETF Trust)

Cash in Lieu. The Trust may, in its sole discretion (except to the extent limited, if at all, by any applicable ETF Exemptive Relief), permit or require the substitution of an amount of cash to be added to included in any Cash Balancing Amount to replace any Redemption Deposit Instrument (“cash in lieu”).

Appears in 1 contract

Sources: Authorized Participant Agreement (Neuberger Berman ETF Trust)