Common use of Next Day Transmission of Orders Clause in Contracts

Next Day Transmission of Orders. On each Business Day, the Company shall aggregate and calculate the net purchase and redemption orders for each Account received by the Company prior to the Close of Trading on such Business Day. Prior to 10:00 a.m. Eastern Time (or such other time as may be agreed by the parties from time to time) on the next following Business Day, the Company shall communicate to the Trust or its designee by facsimile or, in the Company’s discretion, by telephone or any other method agreed upon by the parties, the net aggregate purchase or redemption orders (if any) for each Account received by the close of trading on the prior Business Day (the “Trade Date”). All orders communicated to the Trust or its designee by the 10:00 a.m. deadline (or such other time as may be agreed by the parties from time to time) shall be treated by the Trust or its designee as if received prior to the close of trading on the Trade Date; provided that, if the Company is for any reason unable to transmit an order for a Trade Date by the foregoing 10:00 a.m. deadline (or by such other required time as provided under this Agreement), the Trust will use its best efforts to cause the Company’s order to receive the same price as if it had been received by that deadline.