Paired Trusts definition

Paired Trusts means the Down Trust and the Up Trust.
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Paired Trusts means the Up Trust together with the Down Trust.
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Paired Trusts shall have the meaning set forth in the preamble.
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Examples of Paired Trusts in a sentence

  • Upon the execution of this Participants Agreement by the applicable parties, this Participants Agreement shall become effective in this form as of the date first set forth above with respect to the applicable Authorized Participants and the applicable Paired Trusts as set forth in Schedule I attached hereto.

  • Each Authorized Participant may create or redeem MacroShares Units only to the extent it is an authorized participant for the Paired Trusts issuing such MacroShares Units.

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

  • Because new MacroShares can be created and issued on an ongoing basis on any Business Day prior to an Early Termination Date or the Final Scheduled Termination Date for the applicable Paired Trusts, a "distribution," as such term is used in the Securities Act of 1933, as amended ("Securities Act"), may be occurring at any time from the applicable Closing Date through such Early Termination Date or Final Scheduled Termination Date.

  • Each related Up MacroShares Trust and Down MacroShares Trust are together referred to herein as the "Paired Trusts".

  • Upon instruction from the applicable Depositors, each of the Administrative Agent and the applicable Trustees hereby acknowledges and agrees that it will execute and deliver such supplement to the extent permitted by law and upon such execution, such Person will be deemed to be an Authorized Participant of the applicable Paired Trusts.

  • In the event that an Authorized Participant wishes to act as an authorized participant of additional Paired Trusts it must execute an additional Schedule I with the applicable Depositor, applicable Trustee and the Administrative Agent and the date of such execution shall be the date this Agreement with respect to such additional Paired Trusts.

  • The Up MacroShares and Down MacroShares issued by a set of Paired Trusts are referred to herein as the "Paired MacroShares".

  • Capitalized terms used but not defined in this Participants Agreement shall have the meanings assigned to such terms in the MacroShares Trust Agreements of the applicable Paired Trusts.

  • The entities that are Authorized Participants with respect to each existing set of Paired Trusts are specified in Schedule I attached hereto.

Related to Paired Trusts

  • Eligible Trust means - (i) a trust created by or in pursuance of the provisions of any law which is for the time being in force in any State, or (ii) a trust, the properties of which are vested in a treasurer under the Charitable Endowments Act 1890 (Act 6 of 1890), or (iii) a religious or charitable trust which is administered or controlled or supervised by or under the provisions of any law, which is for the time being in force relating to religious or charitable trusts or, (iv) any other trust, being an irrevocable trust, which has been created for the purpose of or in connection with the endowment of any property or properties for the benefit or use of the public or any section thereof, or (v) a trust created by a will which is valid and has become effective, or (vi) any other trust, being an irrevocable trust, which has been created by an instrument in writing and includes `depository' within the meaning of Clause(e) of Sub-section (1) of Section 2 of The Depository Act, 1996;

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Servicer Employee As defined in Section 3.18.

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Executor means any executor, administrator or other person administering the estate of a deceased person;

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Servicer Employees As defined in Section 2.12.

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Early Retirement Date means the Retirement, as defined below, of the Executive on a date which occurs prior to the Executive attaining sixty-two (62) years of age, but after the Executive has attained fifty-five (55) years of age.

  • Involuntary Resettlement Safeguards means the principles and requirements set forth in Chapter V, Appendix 2, and Appendix 4 (as applicable) of the SPS;

  • Administrator/Benchmark Event means, in respect of any Series of Preference Shares and an Index, any authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register in respect of the Index or the administrator of the Index or the Index Sponsor has not been, or will not be, obtained or has been, or will be, rejected, refused, suspended or withdrawn by the relevant competent authority or other relevant official body, in each case as required under any applicable law or regulation in order for the Company, the Calculation Agent or any other entity to performits or their respective obligations in respect of the Preference Shares or any Related Financial Product, all as determined by the Calculation Agent;

  • Issuer Accounts means, collectively, the Excess Funding Account, the Collection Account and any Supplemental Issuer Account, including any Sub-Accounts thereof.

  • Program Participants means, for any CRP, the Centers (other than the Lead Center for such CRP) and any Partner receiving funding for activities under such CRP that are funded by the CGIAR Fund.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or(ii) rejected, refused, suspended or withdrawn, if the applicable law or regulation provides that the Relevant Benchmark is not permitted to be used under the Securities following rejection, refusal, suspension or withdrawal, or, in each case, if such date occurs before the Issue Date, the Issue Date.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Administrator means the Board or any of its Committees as shall be administering the Plan, in accordance with Section 4 of the Plan.

  • Underlier Sponsor means S&P Dow Jones Indices LLC.

  • Property Administrator means an authorized representative of the Contracting Officer appointed in accordance with agency procedures, responsible for administering the contract requirements and obligations relating to Government property in the possession of a Contractor.

  • Rabbi Trust has the meaning given to such term in Section 3.4(d) hereof.