Common use of Protection of the Rights of Holders of the Up MacroShares Clause in Contracts

Protection of the Rights of Holders of the Up MacroShares. The Trustee shall take no action which, nor omit to take any action the omission of which, would materially impair the rights of Holders of the Up MacroShares, nor shall it revise amounts to be distributed on the Up MacroShares, unless otherwise directed by the Administrative Agent, the Depositor or 66 and 2/3% of the Holders of the Up MacroShares.

Appears in 8 contracts

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

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Protection of the Rights of Holders of the Up MacroShares. The Trustee shall take no action which, nor omit to take any action the omission of which, would materially impair the rights of Holders of the Up MacroShares, nor shall it revise amounts to be distributed on the Up MacroShares, unless otherwise directed by the Administrative Agent, the Depositor or 66 and 2/3% of the Holders of the Up MacroShares.

Appears in 2 contracts

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

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