Common use of Bankruptcy; Insolvency Clause in Contracts

Bankruptcy; Insolvency. No Event of Bankruptcy with respect to the Depositor has occurred which would materially and adversely affect the validity or enforceability of this Trust Agreement or the Down-MACRO Tradeable Shares.

Appears in 12 contracts

Samples: Third Amended and Restated Macroshares Oil Down Tradeable Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Second Amended and Restated Macroshares Oil Down Tradeable Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Trust Agreement (Claymore MACROshares Oil Up Holding Trust)

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Bankruptcy; Insolvency. No Event of Bankruptcy with respect to the Depositor has occurred which would materially and adversely affect the validity or enforceability of this Trust Agreement or the DownUp-MACRO Tradeable Shares.

Appears in 12 contracts

Samples: Third Amended and Restated Macroshares Oil Up Tradeable Trust Agreement (Claymore MACROshares Oil Up Tradeable Trust), Trust Agreement (MACROshares Oil Up Tradeable Trust), Macroshares Oil Up Tradeable Trust Agreement (Claymore MACROshares Oil Down Holding Trust)

Bankruptcy; Insolvency. No Event of Bankruptcy with respect to the Depositor has occurred which would materially and adversely affect the validity or enforceability of this Trust Agreement or the Down-MACRO Tradeable Holding Shares.

Appears in 12 contracts

Samples: Macroshares Oil Down Holding Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Third Amended and Restated Macroshares Oil Down Holding Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Third Amended and Restated Macroshares Oil Down Holding Trust Agreement (Claymore MACROshares Oil Down Holding Trust)

Bankruptcy; Insolvency. No Event of Bankruptcy with respect to the Depositor has occurred which would materially and adversely affect the validity or enforceability of this Trust Agreement or the DownUp-MACRO Tradeable Holding Shares.

Appears in 12 contracts

Samples: Macroshares Oil Up Holding Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Macroshares Oil Up Holding Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Third Amended and Restated Macroshares Oil Up Holding Trust Agreement (Claymore MACROshares Oil Down Holding Trust)

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Bankruptcy; Insolvency. No Event of Bankruptcy with respect to the Depositor has occurred which would materially and adversely affect the validity or enforceability of this Trust Agreement or the DownUp-MACRO Tradeable Holding Shares, and the transfer of the Initial Deposit by the Depositor to the Up-MACRO Holding Trust has not been made in contemplation of the occurrence thereof.

Appears in 1 contract

Samples: Trust Agreement (MACRO Securities Depositor, LLC)

Bankruptcy; Insolvency. No Event of Bankruptcy with respect to the Depositor has occurred which would materially and adversely affect the validity or enforceability of this Trust Agreement or the DownUp-MACRO Tradeable Shares, and the transfer of the Initial Deposit by the Depositor to the Up-MACRO Tradeable Trust has not been made in contemplation of the occurrence thereof.

Appears in 1 contract

Samples: Trust Agreement (MACRO Securities Depositor, LLC)

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