Issuance and Transfer of Units. Bank will issue Share certificates upon receipt of a Certificate from an Officer, but shall not be required to issue Share certificates after it has received from an appropriate federal or state authority written notification that the sale of Shares has been suspended or discontinued, and Bank shall be entitled to rely upon such written notification. Bank shall not be responsible for the payment of any original issue or other taxes required to be paid by the Fund in connection with the issuance of any Shares.
Appears in 2 contracts
Sources: Subscription and Transfer Agent Agreement (JWH Global Trust), Subscription and Transfer Agent Agreement (JWH Global Trust)