Initial Creation definition

Initial Creation means the initial creation of Shares pursuant to the provisions of Section 2.01 hereof.
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Initial Creation means the initial creation of iShares pursuant to the provisions of Section 2.01.
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Initial Creation means the initial creation of iShares of a Trust pursuant to the provisions of Section 2.01.
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Examples of Initial Creation in a sentence

  • Initial Creation of Transaction SUBI Portfolio and Transaction SUBI.

  • Section 11.1 Initial Creation of Transaction SUBI Portfolio and Transaction SUBI.

  • The Initial Creation of Shares will take place in compliance with such procedures as the Trust, the Sponsor and the Agents may agree.

  • Initial Creation of iShares...............................3 Section 2.02.

  • Initial Creation of 20[__]-[__] SUBI Sub-Trust and 20[__]-[__] SUBI.

  • The Initial Creation of Shares will take place in compliance with such procedures as the Trust, the Sponsor and the Initial Purchaser may agree.

  • Initial Deposit, Declaration of Trust and Issuance of Initial Creation Baskets.........

  • Initial Creation of the 1999-1B Sold SUBI Portfolio and the 1999-1B Sold SUBI .

  • The “Trade Date Ratio” for each of the two Trading Days immediately preceding the Initial Creation Date shall be the Initial CDR Ratio.

  • On the date of this Agreement, the Initial Purchaser shall make delivery of or cause its agent to deliver the Initial Deposit to the Warehouse-keeper, with irrevocable instructions to transfer such Initial Deposit to the Trust Account, and the Trust shall cause the Purchased Shares comprising the Initial Creation Units to be delivered to the Initial Purchaser through the facilities of The Depository Trust Company (“DTC”) for the account of the Initial Purchaser.


More Definitions of Initial Creation

Initial Creation shall have the meaning ascribed to such term in Section 2.01 hereof.
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Initial Creation means the first Creation of Shares pursuant to the provisions of Section 2.1.
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Initial Creation means the initial creation of Shares pursuant to the provisions of Section 2.01 hereof. “LBMA” shall mean the London Bullion Market Association or its successor. “London Business Day” shall mean a day (other than a Saturday, Sunday or a public holiday in England) on which commercial banks generally and the over-the-counter markets in gold, as coordinated by the LBMA, are open for the transaction of business in London. “London Good Delivery Standards” shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. “Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Order Cutoff Time” shall have the meaning ascribed to the term in Section 1.1 of the Trust Agreement. “Order Date” shall have, (i) with respect to a Purchase Order, the meaning ascribed to the term in Section 2.3(a) of the Trust Agreement; and (ii) with respect to a Redemption Order, the meaning ascribed to the term in Section 2.6(a) of the Trust Agreement. “Person” shall mean any natural person or any limited liability company, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization or other entity or government or any agency or political subdivision thereof. “Procedures” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Prospectus” or “Prospectuses” means the current prospectus of the Trust included in its effective registration statement, as supplemented or amended from time to time. “Purchase Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Redemption Order” shall have the meaning ascribed to it in Section 1 of the Authorized Participant Agreement. “Securities Act” means the Securities Act of 1933, as amended. “Shares” means Shares issued by the Trust pursuant to the provisions of the Trust Agreement. “Sponsor” shall mean Merk Investments LLC, a Delaware limited liability company, in its capacity as the sponsor of the Trust under the Trust Agreement, and any successor thereto in compliance with the provisions thereof. - 9 - “Sponsor Indemnified Party” shall have the meaning ascribed to such term in Sections 6.01.b of the Standard Terms. “Standard Terms” shall have the meaning ascribed to such term in Section 2 of the Authorized Participant Agreement. “Transaction Fee” means a fee of $500 to be paid by the Authorized Participant to the Trustee for each Purchase Order or Redemption ...
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Related to Initial Creation

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • recreational craft means a ship of any type, with a hull length of 2.5 metres or more, regardless of the means of propulsion, intended for sports or leisure purposes, and not engaged in trade;

  • Creation Unit means an aggregation of a specified number of Shares as stated in the Prospectus for the applicable Fund.

  • Creation means the process that begins when an Authorized Participant first indicates to the Trustee its intention to purchase one or more Baskets of a specified Trust pursuant to these Procedures and concludes with the issuance by the Trustee and Delivery to such Authorized Participant of the corresponding number of that Trust’s Shares.

  • Creation Basket means the minimum number of Limited Units of a Fund that may be created at any one time, which shall be 200,000 or such greater or lesser number as the Managing Owner may determine from time to time for each Fund.