Amendment; Waiver of Past Defaults and Termination. (a) This Trust Agreement shall not in any circumstances be amended (i) to modify the definition of "Per Share Underlying Value" of the Up-MACRO Tradeable Shares or any constituent defined terms that are a part of the foregoing defined term; or (ii) to modify the rule that one Up-MACRO Tradeable Share shall be issued for each Up-MACRO Holding Share that is deposited into the Up-MACRO Tradeable Trust.
Appears in 13 contracts
Samples: Trust Agreement (MACROshares Oil Up Tradeable Trust), Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Trust Agreement (MACROshares Oil Down Tradeable Trust)
Amendment; Waiver of Past Defaults and Termination. (a) This Trust Agreement shall not in any circumstances be amended (i) to modify the definition of "Per Share Underlying Value" of the UpDown-MACRO Tradeable Shares or any constituent defined terms that are a part of the foregoing defined term; or (ii) to modify the rule that one UpDown-MACRO Tradeable Share shall be issued for each UpDown-MACRO Holding Share that is deposited into the UpDown-MACRO Tradeable Trust.
Appears in 12 contracts
Samples: Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Trust Agreement (Claymore MACROshares Oil Down Holding Trust)
