Up-MACRO Holding Shares definition

Up-MACRO Holding Shares shall have the meaning specified in the Recitals to this Trust Agreement.
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Up-MACRO Holding Shares means the pass-through securities issued by the Up-MACRO Holding Trust pursuant to the Up-MACRO Holding Trust Agreement.
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Up-MACRO Holding Shares means the MACROShares Up Oil $[ ] Holding Shares issued by, and each representing an undivided beneficial interest in the property of, the Up-MACRO Holding Trust.
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Examples of Up-MACRO Holding Shares in a sentence

  • 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 Up-MACRO Holding Shares hereunder.

  • 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 Up-MACRO Holding Shares and this Trust Agreement may be served.

  • 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 Up-MACRO Holding Shares in respect of which such judgment has been obtained.

  • Each Holder of Up-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 Up-MACRO Holding Shares.

  • 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 Up-MACRO Holding Shares or the rights of the Holders of the Up-MACRO Holding Shares.

  • 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 Up-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 Up-MACRO Holding Shares a written confirmation relating to their purchase of Up-MACRO Holding Shares.

  • No failure by the Trustee or the Holders of the Up-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.

  • All rights of action and claims under this Trust Agreement or the Up-MACRO Holding Shares may be prosecuted and enforced by the Trustee without the possession of any of the Up-MACRO Holding Shares or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee.

  • A transferee who takes all or part of a Holder's Up-MACRO Holding Shares shall succeed to the Capital Account maintained in respect of the transferor Holder to the extent of such transfer.


More Definitions of Up-MACRO Holding Shares

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

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

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

  • Preferred Shareholders means the holders of Preferred Shares.

  • 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.

  • 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;

  • Exchangeable Shares means the exchangeable shares in the capital of the Company, having the rights, privileges, restrictions and conditions set forth herein;

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

  • Class B Warrants means, collectively, the Common Stock purchase warrants in the form of Exhibit C attached hereto 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 one year.

  • 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 shareholders who do not hold Shares in their own name and “intermediaries” refers to brokers, investment firms, clearing houses and similar entities that own securities on behalf of Beneficial Shareholders.

  • VMTP Shares means Variable Rate MuniFund Term Preferred Shares, $0.00001 par value per share, liquidation preference $100,000 per share plus an amount equal to accumulated but unpaid dividends thereon (whether or not earned or declared), of the Trust. The preferences, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of each series of VMTP Shares are set forth in the VMTP Shares Statement.

  • Preferred Shareholder means any holder of Preferred Shares.

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

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

  • Corporation Securities means (i) shares of Common Stock, (ii) shares of Preferred Stock (other than preferred stock described in Section 1504(a)(4) of the Code), (iii) warrants, rights, or options (including options within the meaning of Treasury Regulation § 1.382-2T(h)(4)(v)) to purchase stock of the Corporation, and (iv) any other interest that would be treated as “stock” of the Corporation pursuant to Treasury Regulation § 1.382-2T(f)(18).

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

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • 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.

  • 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.

  • Escrowed Securities means the direct, noncallable obligations of the United States of America, as described in the Escrow Agreement.

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Common Shareholders means the registered and/or beneficial holders of the Common Shares, as the context requires.