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Common use of Requests for Redemption Clause in Contracts

Requests for Redemption. The Transfer Agent shall issue to the DTC Participant an acknowledgement of receipt of an order to redeem Shares in Creation Unit size aggregations

Appears in 2 contracts

Sources: Participant Agreement (PowerShares Exchange-Traded Fund Trust II), Participant Agreement (PowerShares Exchange-Traded Fund Trust II)

Related Clauses

  • Procedures for Redemption
  • Optional Redemption of Notes
  • Notice of Optional Redemption; Selection of Notes
  • Payment Upon Redemption
  • Optional Redemption

Parent Clauses

  • Await Receipt of Confirmation
  • SEVERANCE
  • TO PLACE AN ORDER FOR CREATION OR REDEMPTION OF SHARES
  • To Place an Order for Creation or Redemption of Trust Shares
  • ASSIGNMENT

Sub-Clauses

  • Creation Orders
  • Redemption Requests
  • Ambiguous Instructions
  • Purchase of Creation Unit Aggregations Prior to Receipt of Deposit Securities
  • Creation T+1 Orders
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