Cash in Lieu. The Trust may, in its sole discretion, permit or require the substitution of an amount of cash to be added to any Cash Amount to replace any Redemption Instrument (“cash in lieu”).
Appears in 3 contracts
Sources: Authorized Participant Agreement (Franklin Templeton ETF Trust), Authorized Participant Agreement (Franklin ETF Trust), Authorized Participant Agreement (Legg Mason ETF Investment Trust)
Cash in Lieu. The Trust may, in its sole discretion, permit or require the substitution of an amount of cash to be added to any Cash Amount to replace any Redemption Deposit Instrument (“cash in lieu”).
Appears in 3 contracts
Sources: Authorized Participant Agreement (Franklin Templeton ETF Trust), Authorized Participant Agreement (Franklin ETF Trust), Authorized Participant Agreement (Legg Mason ETF Investment Trust)
Cash in Lieu. The Trust may, in its sole discretiondiscretion (subject to compliance with applicable Law), permit or require the substitution of an amount of cash to be added to any Cash Amount to replace any Redemption Instrument (“"cash in lieu”").
Appears in 1 contract
Sources: Authorized Participant Agreement (PGIM Rock ETF Trust)
Cash in Lieu. The Trust may, in its sole discretiondiscretion (subject to compliance with applicable Law), permit or require the substitution of an amount of cash to be added to any Cash Amount to replace any Redemption Deposit Instrument (“"cash in lieu”)") or permit the substitution of another asset for any Deposit Instrument.
Appears in 1 contract
Sources: Authorized Participant Agreement (PGIM Rock ETF Trust)