Common use of Appointment of Successor Clearing Agency Clause in Contracts

Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depository with respect to the Up-MACRO Tradeable Shares, the Trustee may appoint a successor Clearing Agency with respect to such Up-MACRO Tradeable Shares.

Appears in 4 contracts

Samples: Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC)

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Appointment of Successor Clearing Agency. If any Clearing Agency elects to discontinue its services as securities depository with respect to the UpDown-MACRO Tradeable Shares, the Trustee may appoint a successor Clearing Agency with respect to such UpDown-MACRO Tradeable Shares.

Appears in 3 contracts

Samples: Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC)

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