Clearing Status. The Authorized Participant represents, covenants and warrants that, as of the date of execution of the Authorized Participant Agreement, and at all times during the term of the Authorized Participant Agreement, the Authorized Participant is and will be entitled to use the clearing and settlement services of each of the national or international clearing and settlement organizations through which, in compliance with the Procedures, the transactions contemplated hereby will clear and settle. Any change in the foregoing status of the Authorized Participant shall terminate the Authorized Participant Agreement and the Authorized Participant shall give prompt written notice thereof to the Trustee.
Appears in 35 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)
Clearing Status. The Authorized Participant represents, covenants and warrants that, as of the date of execution of the Authorized Participant Agreement, and at all times during the term of the Authorized Participant Agreement, the Authorized Participant is and will be entitled to use the clearing and settlement services of each of the national or international clearing and settlement organizations through which, in compliance with the Procedures, the transactions contemplated hereby will clear and settle. Any change in the foregoing status of the Authorized Participant shall terminate the Authorized Participant Agreement and the Authorized Participant shall give prompt written notice thereof to the Trustee..
Appears in 5 contracts
Sources: Authorized Participant Agreement (Etfs Silver Trust), Authorized Participant Agreement (ETFS Precious Metals Basket Trust), Authorized Participant Agreement (ETFS Gold Trust)
Clearing Status. The Authorized Participant represents, covenants and warrants that, as of the date of execution of the Authorized Participant Agreement, and at all times during the term of the Authorized Participant Agreement, the Authorized Participant is and will be entitled to use the clearing and settlement services of each of the national or international clearing and settlement organizations through which, in compliance with the Procedures, the transactions contemplated hereby will clear and settle. Any change in the foregoing status of the Authorized Participant shall terminate the Authorized Participant Agreement and the Authorized Participant shall give prompt written notice thereof to the Administrative Trustee.
Appears in 5 contracts
Sources: Authorized Participant Agreement (iShares Ethereum Trust ETF), Authorized Participant Agreement (iShares Bitcoin Trust ETF), Authorized Participant Agreement (iShares Ethereum Trust)
Clearing Status. The Authorized Participant represents, covenants and warrants that, as of the date of execution of the Authorized Participant Agreement, and at all times during the term of the Authorized Participant Agreement, the Authorized Participant is and will be entitled to use the clearing and S2-4 settlement services of each of the national or international clearing and settlement organizations through which, in compliance with the Procedures, the transactions contemplated hereby will clear and settle. Any change in the foregoing status of the Authorized Participant shall terminate the Authorized Participant Agreement and the Authorized Participant shall give prompt written notice thereof to the Trustee..
Appears in 1 contract
Sources: Authorized Participant Agreement
Clearing Status. The Authorized Participant represents, covenants and warrants that, as of the date of execution of the Authorized Participant this Agreement, and at all times during the term of the Authorized Participant this Agreement, the Authorized Participant is and will be entitled to use the clearing and settlement services of each of the national or international clearing and settlement organizations through which, in compliance with the Procedures, the transactions contemplated hereby will clear and settle. Any change in the foregoing status of the Authorized Participant shall terminate the Authorized Participant Agreement and the Authorized Participant shall give prompt written immediate notice thereof to the TrusteeAdministrative Agent and the Sponsor.
Appears in 1 contract
Sources: Authorized Participant Agreement (J.P. Morgan Physical Copper Trust)
Clearing Status. The Authorized Participant represents, covenants and warrants that, as of the date of execution of the Authorized Participant Agreement, and at all times during the term of the Authorized Participant Agreement, the Authorized Participant is and will be entitled to use the clearing and settlement services of each of the national or international clearing and settlement organizations through which, in compliance with the Procedures, the transactions contemplated hereby will clear and settle. Any change in the foregoing status of the Authorized Participant shall terminate the Authorized Participant Agreement and the Authorized Participant shall give prompt written notice thereof to the TrusteeAdministrator.
Appears in 1 contract
Sources: Authorized Participant Agreement (Bitcoin Investment Trust)