DEPOSIT SECURITIES. AND/OR RELEVANT CASH AMOUNTS Each Fund will make available each day the Fund is open through the Distributor and/or the Transfer Agent the names and the required number of Shares of each Deposit Security in a Creation Unit, as well as information regarding the Cash Component, Cash Amount, or the Cash Deposit, collectively referred to herein as “Cash Component” or “Cash Deposit”, as applicable. The Participant understands that a Creation Unit will not be issued until the requisite number of Shares of each Deposit Security and the Cash Component, or the Cash Deposit, as applicable, as well as applicable Transaction Fees (as discussed below) are transferred to the Trust on or before the settlement date in accordance with the Prospectus.
Appears in 3 contracts
Sources: Authorized Participant Agreement (Fidelity Covington Trust), Authorized Participant Agreement (Fidelity Covington Trust), Authorized Participant Agreement (Fidelity Covington Trust)