No Affiliation. The Trustee is not an Affiliated Person with respect to the Depositor, the Down-MACRO Tradeable Trust, either of the Paired Holding Trusts, the Up-MACRO Tradeable Trust, the Administrative Agent, the Marketing Agent or any Authorized Participant, and it is not an Affiliated Person with respect to any Person who is an Affiliated Person with respect to any of the foregoing entities; further, the Trustee does not, and will not for so long as it acts as Trustee hereunder, offer or provide credit or credit enhancement to any of the MACRO Trusts, except to the extent that the Trustee provides overdraft liquidity in the normal course of its custody services hereunder.
Appears in 5 contracts
Samples: Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Trust Agreement (MACROshares Oil Up Tradeable Trust)
No Affiliation. The Trustee is not an Affiliated Person with respect to the Depositor, the Down-MACRO Tradeable Trust, either of the Paired Holding Trusts, the Up-MACRO Tradeable Trust, the Administrative Agent, the either Marketing Agent or any Authorized Participant, and it is not an Affiliated Person with respect to any Person who is an Affiliated Person with respect to any of the foregoing entities; further, the Trustee does not, and will not for so long as it acts as Trustee hereunder, offer or provide credit or credit enhancement to any of the MACRO Trusts, except to the extent that the Trustee provides overdraft liquidity in the normal course of its custody services hereunder.
Appears in 5 contracts
Samples: Trust Agreement (MACROshares Oil Down Holding Trust), Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC)
No Affiliation. The Trustee is not an Affiliated Person with respect to the Depositor, the DownUp-MACRO Tradeable Trust, either of the Paired Holding Trusts, the UpDown-MACRO Tradeable Trust, the Administrative Agent, the Marketing Agent or any Authorized Participant, and it is not an Affiliated Person with respect to any Person who is an Affiliated Person with respect to any of the foregoing entities; further, the Trustee does not, and will not for so long as it acts as Trustee hereunder, offer or provide credit or credit enhancement to any of the MACRO Trusts, except to the extent that the Trustee provides overdraft liquidity in the normal course of its custody services hereunder.
Appears in 5 contracts
Samples: And Restated Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Trust Agreement (MACROshares Oil Up Tradeable Trust), Trust Agreement (MACROshares Oil Down Tradeable Trust)
No Affiliation. The Trustee is not an Affiliated Person with respect to the Depositor, the DownUp-MACRO Tradeable Trust, either of the Paired Holding Trusts, the UpDown-MACRO Tradeable Trust, the Administrative Agent, the either Marketing Agent or any Authorized Participant, and it is not an Affiliated Person with respect to any Person who is an Affiliated Person with respect to any of the foregoing entities; further, the Trustee does not, and will not for so long as it acts as Trustee hereunder, offer or provide credit or credit enhancement to any of the MACRO Trusts, except to the extent that the Trustee provides overdraft liquidity in the normal course of its custody services hereunder.
Appears in 5 contracts
Samples: Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACROshares Oil Up Holding Trust), Trust Agreement (MACRO Securities Depositor, LLC)
