Common use of Initial Creation of Shares Clause in Contracts

Initial Creation of Shares. The initial creation of Shares of each Fund (the “Initial Creation”) will take place in compliance with such procedures as the Transfer Agent, the Sponsor and the initial purchaser of a Fund’s Shares may agree.

Appears in 3 contracts

Sources: Authorized Participant Agreement (AccuShares Commodities Trust I), Authorized Participant Agreement (AccuShares Commodities Trust I), Authorized Participant Agreement (AccuShares Commodities Trust I)