Down Trust definition

Down Trust shall have the meaning set forth in the Recitals to this Trust Agreement.
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Down Trust has the meaning set forth in the Cover Page.
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Down Trust shall have the meaning set forth in the preamble.
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Examples of Down Trust in a sentence

  • The Trustee shall allocate all Eligible Treasury Repurchase Agreements as described above equally between the Up Trust and the Down Trust, as directed by the Administrative Agent.

  • Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Down Trustee, on behalf of the Down Trust, in the Trust Assets which shall secure the obligations of the Up Trust to the Down Trust under the Income Distribution Agreement and the Settlement Contracts.

  • Furthermore, any delegation of duties by the Administrative Agent with respect to the Up Trust shall be accompanied by the delegation of such similar duties to the same entity with respect to the Down Trust, unless the prior written consent of the Depositor is obtained.

  • The Administrative Agent shall direct the Trustee and the Down Trustee in allocating all Eligible Treasury Securities acquired as described above equally between the Up Trust and the Down Trust.

  • Each MacroShares Trust will either be an "Up Trust" which will issue "Up MacroShares" or a "Down Trust" which will issue "Down MacroShares" (together with the Up MacroShares, the "MacroShares").

  • Furthermore, any delegation of duties by the Marketing Agent with respect to the Up Trust shall be accompanied by the delegation of such similar duties to the same entity with respect to the Down Trust, unless the prior written consent of the Depositor is obtained.

  • The Holders of the Up MacroShares, by their acceptance of their shares, consent to State Street Bank and Trust Company, N.A. acting as Trustee under this Trust Agreement and as trustee for the Down Trust under the Down Trust Agreement.

  • On the Closing Date, the Up Trust shall enter into the MacroShares Licensing Agreement with MacroMarkets LLC, the Administrative Agent and the Down Trust.

  • On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Down Trust to make a Down Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.

  • This paragraph shall survive notwithstanding any termination of this Trust Agreement and the Down Trust or the resignation or removal of the Trustee or the Administrative Agent.

Related to Down Trust

  • Distribution Agent shall refer to the Trustee acting in its capacity as distribution agent pursuant to Section 5.05 herein."

  • Master Trust Trustee means the entity acting as trustee under the applicable Pooling and Servicing Agreement.

  • Delaware Trust Assets Purchaser means the Computershare Delaware Trust Company.

  • Master Trust Agreement means the Second Amended and Restated Trust Agreement, dated as of May 8, 2019, between Verizon ABS II LLC, as depositor, and the Master Trust Owner Trustee, as amended, restated, supplemented or modified from time to time.

  • Liquidating Trust Agreement means the agreement, substantially in the form annexed hereto as Exhibit A, establishing the Liquidating Trust in conformity with the provisions of the Plan, which shall be approved in the Confirmation Order and entered into by the Debtors, on behalf of the beneficiaries, and the Liquidating Trustee on the Confirmation Date pursuant to the terms of the Plan.