Communications Capability Clause Samples
Communications Capability. The Authorized Participant has the capability to send and receive authenticated communications to and from the (i) Distributor, (ii) the Custodian (as defined below in Section 5 hereof), (iii) the Subcustodian (as defined below in Section 5 hereof) in the case of International Funds (see Section 7(b) below), and (iv) the Authorized Participant’s custodian. The Authorized Participant shall confirm such capability to the reasonable satisfaction of the Distributor, the Custodian and the Subcustodian prior to placing its first order with the Transfer Agent (whether it is a Purchase Order or a Redemption Order).
Communications Capability. The Authorized Participant or a designated third party, which may be an affiliate (each, acting in such capacity, a “Market Maker”), has the capability to send and receive authenticated communications to and from (i) the Administrator, (ii) any Prime Broker (as defined in the Prospectus) utilized in connection with an Order, (iii) any custodian responsible for establishing and maintaining cash accounts (the “Cash Custodian”) and any custodian responsible for safekeeping ether or other Digital Assets, including any subcustodian thereto, for each Fund (the “Digital Asset Custodian”), and (iv) the Authorized Participant’s or applicable Market Maker’s custodian. The Authorized Participant shall confirm such capability to the reasonable satisfaction of the Administrator, Prime Broker (as applicable), the Cash Custodian, and the Digital Asset Custodian prior to placing its first order with the Administrator (whether it is a Purchase Order or a Redemption Order).
Communications Capability. The Authorized Participant has the capability to send and receive authenticated communications to and from (i) the Administrator, (ii) any custodian responsible for establishing and maintaining cash accounts and any custodian responsible for safekeeping Gold, including any subcustodian thereto, for each Fund (collectively, the “Custodian”), and (iii) the Authorized Participant’s custodian. The Authorized Participant shall confirm such capability to the reasonable satisfaction of the Administrator and the Custodian prior to placing its first order with the Administrator (whether it is a Purchase Order or a Redemption Order).
Communications Capability. The Authorized Participant or a designated third party, which may be an affiliate (each, acting in such capacity, a “Market Maker”), has the capability to send and receive authenticated communications to and from (i) the Administrator, (ii) any Prime Broker (as defined in the Prospectus) utilized in connection with an Order, (iii) any custodian responsible for establishing and maintaining cash accounts (the “Cash Custodian”) and any custodian responsible for safekeeping Bitcoin or other Digital Assets, including any subcustodian thereto, for each Fund (together with the Cash Custodian, collectively referred to herein as the “Custodian”), and (iv) the Authorized Participant’s or applicable Market Maker’s custodian. The Authorized Participant shall confirm such capability to the reasonable satisfaction of the Administrator, Prime Broker (as applicable) and the Custodian prior to placing its first order with the Administrator (whether it is a Purchase Order or a Redemption Order).