Down-MACRO Holding Shares definition

Down-MACRO Holding Shares shall have the meaning set forth in the Recitals to this Trust Agreement.
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Down-MACRO Holding Shares means the pass-through securities issued by the Down-MACRO Holding Trust pursuant to the Down-MACRO Holding Trust Agreement.
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Down-MACRO Holding Shares means the Claymore MACROshares Oil Down Holding Shares issued by, and each representing an undivided beneficial interest in the property of, the Down-MACRO Holding Trust.
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Examples of Down-MACRO Holding Shares in a sentence

  • This Trust Agreement will inure to the benefit of and be binding upon the parties hereto, the Holders of the Up-MACRO Holding Shares, the Holders of the Down-MACRO Holding Shares, the holders of the Up-MACRO Tradeable Shares, the holders of the Down-MACRO Tradeable Shares and their respective successors and permitted assigns.

  • No failure by the Trustee or the Holders of the Down-MACRO Holding Shares to exercise any right, remedy, power or privilege under this Trust Agreement, and no delay in such exercise, shall operate as a waiver of such right, remedy, power or privilege; nor shall any single or partial exercise of any right, remedy, power or privilege under this Trust Agreement preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.

  • Each Holder of Down-MACRO Holding Shares shall be able to vote on all matters on which shareholders may or are required to vote under this Trust Agreement for the Down-MACRO Holding Shares.

  • Beneficial Owners are expected to receive from or through the broker or bank that maintains the account through which the Beneficial Owner has purchased Down-MACRO Holding Shares a written confirmation relating to their purchase of Down-MACRO Holding Shares.

  • The Trustee is duly qualified to do business and is in good standing as a foreign trust company (or is exempt from such requirements), and has obtained all necessary licenses and approvals in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would have a material adverse effect on the interests of the Holders of the Down-MACRO Holding Shares hereunder.

  • The Trustee shall duly satisfy all of its obligations and duties under this Trust Agreement and shall maintain in effect all qualifications and will comply in all material respects with all of the Requirements of Law in connection with its duties hereunder, inasmuch as a failure to comply with such requirements would have a material adverse effect on the interests of the Holders of the Down-MACRO Holding Shares.

  • This Trust Agreement will inure to the benefit of and be binding upon the parties hereto, the Holders of the Up-MACRO Holding Shares, the Holders of the Down-MACRO Holding Shares, the Holders of the Up-MACRO Tradeable Shares, the Holders of the Down-MACRO Tradeable Shares and their respective successors and permitted assigns.

  • The Trustee will maintain at its expense an office or agency (the "Corporate Trust Office") where notices and demands to or upon the Trustee in respect of the Down-MACRO Holding Shares and this Trust Agreement may be served.

  • If any one or more of the covenants, agreements, provisions or terms of this Trust Agreement is held invalid for any reason whatsoever, then such provision shall be deemed severable from the remaining provisions of this Trust Agreement and shall in no way affect the validity or enforceability of the remaining provisions or of the Down-MACRO Holding Shares or the rights of the Holders of the Down-MACRO Holding Shares.

  • Any recovery of judgment shall, after provision for payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Down-MACRO Holding Shares in respect of which such judgment has been obtained.


More Definitions of Down-MACRO Holding Shares

Down-MACRO Holding Shares has the meaning set forth in the Cover Page.
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Down-MACRO Holding Shares has the meaning set forth in the recitals.
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Related to Down-MACRO Holding Shares

  • Class B LP Units means, collectively, the Class B limited partnership units of the Partnership, and “Class B LP Unit” means any one of them.

  • Class A LP Units means the Class A limited partnership units of the Partnership.

  • Co-op Shares Shares issued by private non-profit housing corporations.

  • Class B Warrants means the Common Stock purchase warrants delivered to the Purchasers at the Closing in accordance with Section 2.2(a) hereof, which Warrants shall be exercisable immediately and have a term of exercise equal to 5 years, in the form of Exhibit C attached hereto.

  • Company Units has the meaning set forth in the Recitals.

  • Lock-Up Securities has the meaning assigned to such term in Section 3.5.

  • Company Outstanding Shares means the total number of shares of the Company Common Stock, including all shares underlying the Company Restricted Stock Units, that are issued and outstanding as of immediately prior to the Offer Closing Time, and assuming the exercise of all In-the-Money Options outstanding as of the Effective Time. No Out-of-the-Money Options shall be included in the total number of shares of the Company Common Stock outstanding for purposes of determining the Company Outstanding Shares.

  • Preferred Shareholders means the holders of Preferred Shares.

  • Preferred Shares means shares of Series A Junior Participating Preferred Stock, par value $.01 per share, of the Company having the rights and preferences set forth in the Form of Certificate of Designations attached to this Agreement as Exhibit A.

  • Amalco Shares means the common shares in the capital of Amalco;

  • NIM Securities Any debt securities secured or otherwise backed by some or all of the Class X and Class P Certificates that are rated by one or more Rating Agencies.

  • Beneficial Shareholders means holders of our Shares that do not hold our Shares in their own name, but instead, whose Shares are held on the Record Date by a bank, trust company, securities broker or other nominee.

  • Exchangeable Shares means the Exchangeable Shares of the Corporation having the rights, privileges, restrictions and conditions set forth herein.

  • LP Units means the non-voting limited partnership units in the capital of BEP, other than the Preferred Units, including any LP Units issued pursuant to the Redemption-Exchange Mechanism.

  • Equity Preferred Securities means, with respect to any Person, any trust preferred securities or deferrable interest subordinated debt securities issued by such Person or other financing vehicle of such Person that (i) have an original maturity of at least twenty years, and (ii) require no repayments or prepayments and no mandatory redemptions or repurchases, in each case, prior to the first anniversary of the latest Maturity Date.

  • Non Book-Entry Preferred Securities shall have the meaning set forth in Section 2.4.

  • Redemption Shares has the meaning set forth in Section 6.2(a). “Reviewed Year” has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

  • Rollover Shareholders means each of Expert Master Holdings Limited, Mr. Longhua Piao and UMW China Ventures (L) Ltd.

  • Class A Common Shares means shares of the Class A Common Stock, par value $.01 per share, of the Company.

  • Preferred Shareholder means any holder of the Preferred Shares.

  • Class A Shareholder means a holder of Class A Shares;

  • Stockholder Shares means any Common Stock owned by a Stockholder on the date of the closing of the Transactions or hereafter, together with any equity securities issued or issuable directly or indirectly with respect to such Common Stock by way of stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization.

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.

  • Beneficial shareholder means the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.

  • Rollover Shares has the meaning given in the recitals.

  • Redeeming Partner has the meaning set forth in Section 8.6.A.