Common use of Owner of Record Clause in Contracts

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of Law, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to receive for such Shares the amount credited to the account of the Participant whose beneficial interest in the Fund is represented by such Shares. Until the Person becoming entitled to receive such amount shall apply for the payment thereof and present any proof of such entitlement as the Commission may in its sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Commission nor the registrar nor any officer or agent of the Commission shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of Lawlaw, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to receive for such Shares the amount credited to the account redemption value of the Participant whose beneficial interest in the Fund is represented by such Shares. Until the Person person becoming entitled to receive such amount redemption value shall apply for the payment thereof and present any proof of such entitlement as the Commission Trustees may in its their sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Commission Trustees nor the registrar nor any officer or agent of the Commission Trust shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of Law, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to receive for such Shares the amount credited to the account redemption value of the Participant whose beneficial interest in the Fund is represented by such Shares. Until the Person becoming entitled to receive such amount redemption value shall apply for the payment thereof and present any proof of such entitlement as the Commission Trustees may in its their sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Commission Trustees nor the registrar nor any officer or agent of the Commission Fund shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.

Owner of Record. No Person becoming entitled to any Shares in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of Lawlaw, shall be recorded as the Participant to which such Shares are allocated and shall only be entitled to receive for such Shares the amount credited to the account redemption value of the Participant whose beneficial interest in the Fund is represented by such Shares. Until the Person becoming entitled to receive such amount redemption value shall apply for the payment thereof and present any proof of such entitlement as the Commission Trustees may in its their sole discretion deem appropriate, the Participant of record to which such Shares are allocated shall be deemed to be the Participant to which such Shares are allocated for all purposes hereof, and neither the Commission Trustees nor the registrar nor any officer or agent of the Commission Trust shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.

Owner of Record. No Person becoming entitled to any Shares Units in consequence of the merger, reorganization, consolidation, bankruptcy or insolvency of any Participant or otherwise, by operation of Law, shall be recorded as the Participant to which such Shares Units are allocated and shall only be entitled to receive for the redemption value of such Shares the amount credited to the account of the Participant whose beneficial interest in the Fund is represented by such SharesUnits. Until the Person becoming entitled to receive such amount redemption value shall apply for the payment thereof and present any proof of such entitlement as the Commission Trustees may in its their sole discretion deem appropriate, the Participant of record to which such Shares Units are allocated shall be deemed to be the Participant to which such Shares Units are allocated for all purposes hereof, and neither the Commission Trustees nor the registrar nor any officer or agent of the Commission Trust shall be affected by any notice of such merger, reorganization, consolidation, bankruptcy, insolvency or other event.