Section 3.5.1. The Participant represents, covenants and warrants that, based upon the number of outstanding Shares of any particular Fund, it does not, and will not in the future, hold for the account of any single Beneficial Owner, or group of related Beneficial Owners, 80% or more of the currently outstanding Shares of such Fund.
Appears in 2 contracts
Sources: Authorized Participant Agreement (Arrow Investments Trust), Authorized Participant Agreement (Northern Lights ETF Trust)