MACRO Securities definition

MACRO Securities means (i) the Up-MACRO Holding Shares, (ii) the Down-MACRO Holding Shares, (iii) the Up-MACRO Tradeable Shares and (iv) the Down-MACRO Tradeable Shares.
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MACRO Securities means (i) the Light Sweet Crude Oil Up-MACRO Tradeable Shares and Light Sweet Crude Oil Down-MACRO Tradeable Shares issued by the MACROShares Up Oil Benchmark Tradeable Trust and the MACROShares Down Oil Benchmark Tradeable Trust, respectively, and (ii) the Light Sweet Crude Oil Up-MACRO Holding Shares and Light Sweet Crude Oil Down-MACRO Holding Shares issued by the MACROShares Up Oil Benchmark Holding Trust and the MACROShares Down Oil Benchmark Tradeable Trust, respectively.
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MACRO Securities means any security that issues a paired share of up exposure and down exposure to any index, asset, asset class or cash flow.
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Examples of MACRO Securities in a sentence

  • MACRO Securities Depositor, LLC, as Depositor, has caused this Certificate to be duly executed.

  • The representations, undertakings and agreements made on the part of the Trust in this Certificate are made and intended not as personal representations, undertakings and agreements by MACRO Securities Depositor, LLC but are made and intended for the purpose of binding only the Trust.

  • Nothing in this Certificate shall be construed as creating any liability on MACRO Securities Depositor, LLC individually or personally, to fulfill any representation, undertaking or agreement other than as provided in the Agreement or this Certificate.

  • This Certificate, is executed and delivered by MACRO Securities Depositor, LLC as the Depositor in the exercise of the powers and authority conferred and vested in it by the Agreement.

  • Facsimile: (000) 000-0000 If to the Marketing Agent, to: MACRO Securities Depositor, LLC 00 Xxxxx Xxxx Xxxxx #0 Xxxxx, XX 00000 Attention: Xxxxxx Xxxxxxx, III Facsimile: (000) 000-0000 With a copy to: Skadden, Arps, Slate, Xxxxxxx & Xxxx LLP Xxxx Xxxxx Xxxxxx Xxx Xxxx, XX 00000 Attention: Xxxxxxx Xxxxxxx, Esq.

  • This Certificate, is executed and delivered by MACRO Securities Depositor, LLC as the Depositor in the exercise of the powers and authority conferred upon and vested in it by the Agreement.

  • The name of the limited liability company will be "MACRO Securities Depositor, LLC." The business of the Company will be carried on in such name with variations and changes as the Board of Managers will determine or deem necessary to comply with requirements of the jurisdictions in which the Company's operations are conducted.

  • To MACRO Securities Depositor, LLC December 11, 2006 Page 4 In rendering our opinion, we have also considered and relied upon the Code, administrative rulings, judicial decisions, Treasury Regulations, and such other authorities as we have deemed appropriate.

  • To MACRO Securities Depositor, LLC December 11, 2006 Page 5 Accordingly, whether the Down-MACRO Tradeable Trust is properly treated as a grantor trust or as a partnership, it will not be classified as an association taxable as a corporation for U.S. federal income tax purposes.

  • To MACRO Securities Depositor, LLC December 11, 2006 Page 7 that the term commodity "does not include goods or merchandise in the ordinary channels of commerce."(4) The Service did, however, clarify in Revenue Ruling 73-158, that "'commodities' is used in section 864(b)(2)(B) of the Code in its ordinary financial sense and includes all products that are traded in and listed on commodity exchanges located in the United States.


More Definitions of MACRO Securities

MACRO Securities means (i) the Claymore MACROshares Oil Up and Oil Down shares issued by, respectively, the Claymore MACROshares Oil Up Holding Trust and the Claymore MACROshares Oil Down Holding Trust, and (ii) any other securities issued by a trust controlled by any Permitted Sublicensee and for which any Permitted Sublicensee under this Agreement acts as the depositor, which securities are linked to any Market Data.
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Related to MACRO Securities

  • Xxxxx Fargo Securities means Xxxxx Fargo Securities, LLC.

  • 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.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

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

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • BofA Securities means BofA Securities, Inc.

  • Placement Agent Warrants shall have the meaning set forth in the Subscription Agreement.

  • TAFR LLC means Toyota Auto Finance Receivables LLC, a Delaware limited liability company, or its successors.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • AHR means American Honda Receivables LLC, and its successors.

  • Goldman means Xxxxxxx, Sachs & Co.

  • Investor Registrable Securities means (i) any Common Equity held (directly or indirectly) by an Investor or any of its Affiliates, and (ii) any equity securities of the Company or any Subsidiary issued or issuable with respect to the securities referred to in clause (i) above by way of dividend, distribution, split or combination of securities, or any recapitalization, merger, consolidation or other reorganization.

  • Original Purchasers means RBC Capital Markets, LLC, Chicago, Illinois, and the other original purchasers designated by the Fiscal Officer in the Certificate of Award.

  • Placement Agents shall have the meaning set forth in the preamble.

  • BlackRock means persons controlling, controlled by or under common control with BlackRock, Inc. that act as investment adviser and subadviser to the Funds.

  • Initial Holders has the meaning set forth in the preamble.

  • Warrant Agency Agreement means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the Company and the Warrant Agent.

  • Forward Purchaser has the meaning set forth in the introductory paragraph of this Agreement.

  • Initial Purchase Agreement means the Purchase Agreement (including the related Blanket Endorsement, Initial Xxxx of Sale and any attachments thereto) substantially in the form of Attachment A hereto (of which these Master Terms form a part by reference), to be executed by VL Funding, the VL Funding Eligible Lender Trustee on behalf of VL Funding, Funding and the Interim Eligible Lender Trustee on behalf of Funding, which shall certify that the representations and warranties made by VL Funding as set forth in Sections 5(A) and (B) and by the Servicer as set forth in Section 5(C) of these Master Terms are true and correct as of the Closing Date.

  • Retail Certificates A Senior Certificate, if any, offered in smaller minimum denominations than other Senior Certificates, and designated as such in the Series Supplement.

  • Forward Purchase Agreement means an agreement that provides for the sale of equity securities in a private placement that will close substantially concurrently with the consummation of a Business Combination.

  • Brookfield means Brookfield Asset Management Inc.;

  • Jefferies means Jefferies Finance LLC.

  • OTP means One Time Password

  • Serviced Companion Loan Securities Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest therein).

  • Original Securities has the meaning set forth in Section 2.02.