MACRO Unit definition

MACRO Unit means 50,000 Up-MACRO Holding Shares and 50,000 Down-MACRO Holding Shares.
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MACRO Unit means 00,000 Xx-XXXXX Xxxxxxx Xxxxxx xxx 50,000 Down-MACRO Holding Shares.
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MACRO Unit means 50,000 Up-MACRO holding shares and 50,000 Down-MACRO holding shares.
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Examples of MACRO Unit in a sentence

  • The Paired Holding Shares may be created only in pairs of 50,000 Up-MACRO Holding Shares and 50,000 Down-MACRO Holding Shares (each such pair, a "MACRO Unit").

  • Each Authorized Participant shall be responsible for the payment of any transfer tax, sales or use tax, stamp tax, recording tax, value added tax and any other similar tax or government charge applicable to (i) the creation or redemption of any MACRO Unit or (ii) the creation or redemption of Tradeable Shares made pursuant to this Participants Agreement, regardless of whether or not such tax or charge is imposed directly on each Authorized Participant.

  • In accordance with this Participants Agreement, the Trustee, acting together with the Administrative Agent on behalf of the Paired Holding Trusts, may create or redeem Paired Holding Shares in units of 50,000 Up-MACRO Holding Shares and 50,000 Down-MACRO Holding Shares (such pairs, a "MACRO Unit") at the instructions of an Authorized Participant and in accordance with the procedures set forth herein.

  • Upon the execution of this Trust Agreement, the Trustee is hereby directed to cause the Up-MACRO Holding Trust to enter with the Down-MACRO Holding Trust into the Master Agreement, the Income Distribution Agreement and one Settlement Contract for each MACRO Unit of Paired Holding Shares created on the Closing Date.

  • Upon the execution of this Trust Agreement, the Trustee is hereby directed to cause the Up-MACRO Holding Trust to enter with the Down-MACRO Holding Trust into the Master Agreement, the Income Distribution Agreement and one Settlement Contract for each MACRO Unit of Paired Holding Shares created on the Closing Date and additional Settlement Contracts on each day on which a Net Par Amount Increase in Paired Holding Shares is created as a result of Paired Subsequent Issuances.

  • On any Redemption Date on which a Paired Optional Redemption occurs, the Trustee, acting together with the Down-MACRO Holding Trustee on behalf of their respective Paired Holding Trusts, shall settle one Settlement Contract for each MACRO Unit of Paired Holding Shares being redeemed.

  • Upon the execution of this Trust Agreement, the Trustee is hereby directed to cause the Down-MACRO Holding Trust to enter with the Up-MACRO Holding Trust into the Master Agreement, the Income Distribution Agreement and one Settlement Contract for each MACRO Unit of Paired Holding Shares created on the Closing Date.

  • On any Redemption Date on which a Paired Optional Redemption occurs, the Trustee, acting together with the Up-MACRO Holding Trustee on behalf of their respective Paired Holding Trusts, shall settle one Settlement Contract for each MACRO Unit of Paired Holding Shares being redeemed.

  • The Administrative Agent shall determine the Up-MACRO Income Make-Whole Amount and the Down-MACRO Income Make-Whole Amount for each MACRO Unit in accordance with the definitions set forth in Section 1.1. The Administrative Agent's determination of the Up-MACRO Income Make-Whole Amount and the Down-MACRO Income Make-Whole Amount, if any, required for each MACRO Unit shall be final and binding upon all interested Persons.

  • If available, each Treasury delivered by the Authorized Participant shall be in amounts and denominations divisible by the aggregate number of Paired Holding Shares constituting a MACRO Unit.


More Definitions of MACRO Unit

MACRO Unit shall consist of, 100,000 Up-MACRO Holding Shares and 100,000 Down-MACRO Holding Shares.
Sample 1Sample 2Sample 3
MACRO Unit means 100,000 Up-MACRO holding shares and 100,000 Down-MACRO holding shares.
Sample 1Sample 2
MACRO Unit means 50,000 Up MacroShares and 50,000 Down MacroShares.
Sample 1

Related to MACRO Unit

  • FTPS Unit means Units which are purchased through the Fund/SERV(R) trading system or on a manual basis through FTP Services LLC or for which FTP Services LLC is acting as FTPS Unit Servicing Agent.

  • euro unit means the currency unit of the Euro.

  • separate technical unit means a device subject to the requirements of this regulation and intended to be part of a vehicle, which may be type-approved separately, but only in relation to one or more specified types of vehicle where this regulation makes express provisions for so doing;

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Share Transfer Agreement means the share transfer agreement, in the agreed form, between the partners in the Company;

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • Initial Unit Price means (a) with respect to the Common Units and the Subordinated Units, the initial public offering price per Common Unit at which the Underwriters offered the Common Units to the public for sale as set forth on the cover page of the prospectus included as part of the Registration Statement and first issued at or after the time the Registration Statement first became effective or (b) with respect to any other class or series of Units, the price per Unit at which such class or series of Units is initially sold by the Partnership, as determined by the General Partner, in each case adjusted as the General Partner determines to be appropriate to give effect to any distribution, subdivision or combination of Units.

  • Manufacturing Agreement has the meaning set forth in Section 4.3.

  • Commercial unit means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article, as a machine, or a set of articles, as a suite of furniture or a line of machinery, or a quantity, as a gross or carload, or any other unit treated in use or in the relevant market as a single whole.

  • distributed ledger technology means a database system in which—

  • Contract Unit Price means the total price per unit charged to DLA Troop Support for a product delivered to DLA Troop Support’s customers. The Contract unit price consists of three components: delivered price plus distribution price less Government rebates and discounts. The unit price sum of the three component prices shall be rounded up or down as applicable, to the nearest cent to determine the final Contract unit price.

  • Termination Delivery Unit means (a) in the case of a Termination Event, an Event of Default or an Extraordinary Event (other than an Insolvency, Nationalization or Merger Event), one Share or (b) in the case of an Insolvency, Nationalization or Merger Event, a unit consisting of the number or amount of each type of property received by a holder of one Share (without consideration of any requirement to pay cash or other consideration in lieu of fractional amounts of any securities) in such Insolvency, Nationalization or Merger Event. If a Termination Delivery Unit consists of property other than cash or New Shares and Counterparty provides irrevocable written notice to the Calculation Agent on or prior to the Closing Date that it elects to receive cash, New Shares or a combination thereof (in such proportion as Counterparty designates) in lieu of such other property, the Calculation Agent shall replace such property with cash, New Shares or a combination thereof as components of a Termination Delivery Unit in such amounts, as determined by the Calculation Agent in its discretion by commercially reasonable means, as shall have a value equal to the value of the property so replaced. If such Insolvency, Nationalization or Merger Event involves a choice of consideration to be received by holders, such holder shall be deemed to have elected to receive the maximum possible amount of cash.

  • Assistive technology device means any item, piece of equipment, or product system that is used to increase, maintain, or improve the functional capacities of a child with a disability.

  • Transfer Agreement means the agreement providing for a transfer of structured settlement payment rights.

  • Heat unit means a unit of energy equal to the product of the peak kilovoltage, milliamperes, and seconds, i.e., kVp x mA x second.

  • Unit Purchase Agreement means the Common Unit and Class B Unit Purchase Agreement, dated as of December 1, 2006, among the Partnership and the purchasers named therein.

  • LLC Unit means a common limited liability interest in the Company.

  • Master Registration Agreement means the agreement of that sets out (among other things) the procedure for a supplier to Register a Supply Point;

  • Family Unit means the Employee and his or her Dependents covered under the Plan.

  • Existing unit means a unit (including a unit subject to Section 111 of the Act) that commenced commercial operation before November 15, 1990, and that on or after November 15, 1990, served a generator with a nameplate capacity of greater than 25 MWe. Existing unit does not include simple combustion turbines or any unit that on or after November 15, 1990, served only generators with a nameplate capacity of 25 MWe or less. Any existing unit that is modified, reconstructed, or repowered after November 15, 1990, shall continue to be an existing unit.

  • Unit Share has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Functional Acknowledgement means an acknowledgement Message by the receiving party’s computer software application which automatically confirms the receipt of a Message at the moment of receipt;

  • Partnership Unit means, with respect to any class of Partnership Interest, a fractional, undivided share of such class of Partnership Interest issued pursuant to Sections 4.1 and 4.3 (including Performance Units). The ownership of Partnership Units may be evidenced by a certificate for units substantially in the form of Exhibit D-1 or D-2 hereto or as the General Partner may determine with respect to any class of Partnership Units issued from time to time under Sections 4.1 and 4.3.

  • Xxxxxx Agreement means that certain Contingent Stock Agreement, effective as of January 1, 1996, by The Xxxxx Company in favor of and for the benefit of the Holders (named in Schedule I thereto) and the Representatives (therein defined), as amended.