Amendment; Waiver of Past Defaults and Termination. (a) This Trust Agreement shall not in any circumstances be amended (i) to modify the definition of "Up Underlying Value," "Down Underlying Value," "Up Income Distribution Payment," "Down Income Distribution Payment," "Up Settlement Payment," "Down Settlement Payment" or any constituent defined terms that are a part of the foregoing defined terms; or (ii) to modify the relative proportion of Up MacroShares and Down MacroShares that constitute a MacroShares Unit, which shall always be 1:1.
Appears in 9 contracts
Samples: Trust Agreement, Trust Agreement (MacroShares $100 Oil Up Trust), Trust Agreement (MacroShares Major Metro Housing Up 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 "Down Underlying Value," "Up Underlying Value," "Down Underlying ValueIncome Distribution Payment," "Up Income Distribution Payment," "Down Income Distribution Settlement Payment," "Up Settlement Payment," "Down Settlement Payment" or any constituent defined terms that are a part of the foregoing defined terms; or (ii) to modify the relative proportion of Up Down MacroShares and Down Up MacroShares that constitute a MacroShares Unit, which shall always be 1:1.
Appears in 3 contracts
Samples: Trust Agreement (MacroShares Major Metro Housing Down Trust), Trust Agreement (MacroShares Major Metro Housing Down Trust), Trust Agreement (MacroShares Housing Depositor, LLC)
Amendment; Waiver of Past Defaults and Termination. (a) This Trust Agreement shall not in any circumstances be amended (i) to modify the definition of "Up Underlying Value," "Down Underlying Value," "Up Income Distribution Payment," "Down Income Distribution Payment," "" Up Settlement Payment," "Down Settlement Payment" or any constituent defined terms that are a part of the foregoing defined terms; or (ii) to modify the relative proportion of Up Down MacroShares and Down MacroShares that constitute a MacroShares Unit, which shall always be 1:1.
Appears in 3 contracts
Samples: Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MacroShares $100 Oil Down Trust), Trust Agreement (MacroShares $100 Oil Down 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 "Up Down Underlying Value," "UpUnderlying Value," "Down Underlying ValueIncome Distribution Payment," "Up Income Distribution Payment," "Down Income Distribution Settlement Payment," "Up Settlement Payment," "Down Settlement Payment" or any constituent defined terms that are a part of the foregoing defined terms; or (ii) to modify the relative proportion of Up Down MacroShares and Down Up MacroShares that constitute a MacroShares Unit, which shall always be 1:1.
Appears in 1 contract
