Paired Holding Trusts definition

Paired Holding Trusts means the Up-MACRO Holding Trust together with the Down-MACRO Holding Trust.
Sample 1Sample 2Sample 3
Paired Holding Trusts means the Up-MACRO holding trust and the Down-MACRO holding trust.
Sample 1Sample 2Sample 3
Paired Holding Trusts shall have the meaning set forth in the preamble.
Sample 1Sample 2Sample 3

Examples of Paired Holding Trusts in a sentence

  • To the extent the Trustee, the Administrative Agent, the Depositor, the Paired Holding Trusts or the Tradeable Trusts are required by law to pay any such tax or charge, the Authorized Participant agrees to promptly indemnify such party for any such payment, together with any applicable penalties, additions to tax or interest thereon.

  • 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.

  • 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.

  • 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.

  • When Treasuries are to be transferred to the Paired Holding Trusts from an Authorized Participant (in exchange for the issuance of MACRO Units), the Administrative Agent shall transfer such Treasuries from that Authorized Participant's Participant Custodian Account to the Securities Account of the applicable Paired Holding Trust.

  • INVESTORS BANK AND TRUST COMPANY not in its individual capacity, but solely as the Trustee for the Paired Holding Trusts and the Tradeable Trusts By: -------------------------------- Name: -------------------------------- Title: -------------------------------- Address: -------------------------------- Telephone: -------------------------------- Facsimile: -------------------------------- CLAYMORE SECURITIES, INC.

  • Because the creation and redemption of MACRO Units also involve the transfer of Treasuries between the Authorized Participant and each of the Paired Holding Trusts, certain processes relating to the transfer of the underlying Treasuries also are described herein.

  • INVESTORS BANK & TRUST COMPANY not in its individual capacity, but solely as the Trustee for the Paired Holding Trusts and the Tradeable Trusts By: /S/ Michael F.

  • INVESTORS BANK & TRUST COMPANY not in its individual capacity, but solely as the Trustee for the Paired Holding Trusts and the Tradeable Trusts By: /s/ Xxxxxxx X.

  • INVESTORS BANK & TRUST COMPANY not in its individual capacity, but solely as the Trustee for the Paired Holding Trusts and the Tradeable Trusts By: /S/ Xxxxxxx X.

Related to Paired Holding Trusts

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

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • 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;

  • Initial Stockholder means any beneficial owner of the Company’s unregistered securities.

  • Managing Member means CEF Equipment Holding, L.L.C., a Delaware limited liability company or any successor Managing Member under the Issuer Limited Liability Company Agreement.

  • Voting Trust has the meaning set forth in Section 2.2(b).

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Managing Owner as used only in this Section 4.7 shall include, in addition to the Managing Owner, any other Covered Person performing services on behalf of the Trust and acting within the scope of the Managing Owner’s authority as set forth in this Trust Agreement.

  • Intervening Trust Vehicle with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity that holds any Note as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle as collateral for the CDO.

  • Sponsor shall have the meaning given in the Recitals hereto.

  • Participating Entity Any Subcontractor or Subservicer which is “participating in the servicing function” within the meaning of Item 1122 of Regulation AB; provided, further, for the purposes of the third paragraph of Section 7.04(c), that a “Participating Entity” shall be determined without respect to any threshold limitations in Instruction 2. to Item 1122 of Regulation AB. Person: Any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof.

  • 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;

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • Settlor means a person, including a testator, who creates, or contributes property to, a trust. If more than one person creates or contributes property to a trust, each person is a settlor of the portion of the trust property attributable to that person's contribution except to the extent another person has the power to revoke or withdraw that portion.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.

  • Family Trusts means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

  • Joint Venture Investment means, with respect to any Obligor, any Investment by such Obligor in a joint venture or other investment vehicle in the form of a capital investment, loan or other commitment in or to such joint venture or other investment vehicle pursuant to which such Obligor may be required to provide contributions, investments, or financing to such joint venture or other investment vehicle and which Investment the Borrower has designated as a “Joint Venture Investment”.

  • Income beneficiary means a person to whom net income of a trust is or may be payable.

  • Master Funding Agreement means the Master Funding Agreement entered into by the Company and the Secretary of State on March 1st 2015.

  • General Partner has the meaning set forth in the Preamble.