Common use of No Affiliation Clause in Contracts

No Affiliation. The Trustee is not an Affiliated Person with respect to the Depositor, either of the Paired Trusts, 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 either 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 14 contracts

Samples: Trust Agreement (MacroShares Housing Depositor, LLC), Trust Agreement (MacroShares $100 Oil Up Trust), Trust Agreement (MacroShares Major Metro Housing Up Trust)

AutoNDA by SimpleDocs

No Affiliation. The Trustee is not an Affiliated Person with respect to the Depositor, either of the Paired Holding Trusts, either of the Tradeable Trusts, 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 either any of the Macro MACRO Trusts, except to the extent that the Trustee provides overdraft liquidity in the normal course of its custody services hereunder.

Appears in 1 contract

Samples: Trust Agreement (MACRO Securities Depositor, LLC)

No Affiliation. The Trustee is not an Affiliated Person with respect to the Depositor, either of the Paired Trusts, 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 either 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 1 contract

Samples: Trust Agreement (MACRO Securities Depositor, LLC)

AutoNDA by SimpleDocs

No Affiliation. The Trustee is not an Affiliated Person with respect to the Depositor, either of the Paired Trusts, 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 either 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 1 contract

Samples: Trust Agreement (Macro Inflation Depositor, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.