Common use of Covenant of the Depositor Clause in Contracts

Covenant of the Depositor. On or before December 31, 2008, the Depositor shall subscribe for not fewer than one Up MacroShare and shall at all times until the termination of the Up Trust own at least one Up MacroShare.

Appears in 8 contracts

Samples: Trust Agreement, Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MacroShares Major Metro Housing Up Trust)

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Covenant of the Depositor. On or before December 31, 2008, the Depositor shall subscribe for not fewer than one Up Down MacroShare and shall at all times until the termination of the Up Down Trust own at least one Up Down MacroShare.

Appears in 6 contracts

Samples: Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MacroShares $100 Oil Down Trust), Trust Agreement (MacroShares Major Metro Housing Down Trust)

Covenant of the Depositor. On or before December 31, 2008, the Depositor shall subscribe for not fewer than one Up MacroShare and shall at all times until the termination of the Up Trust own at least one Up MacroShare.MacroShare 60

Appears in 3 contracts

Samples: Trust Agreement (MacroShares $100 Oil Up Trust), Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MacroShares $100 Oil Up Trust)

Covenant of the Depositor. On or before December 31, 20082009, the Depositor shall subscribe for not fewer than one Up MacroShare and shall at all times until the termination of the Up Trust own at least one Up MacroShare.

Appears in 1 contract

Samples: Trust Agreement (MacroShares Housing Depositor, LLC)

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Covenant of the Depositor. On or before December 31, 20082009, the Depositor shall subscribe for not fewer than one Up Down MacroShare and shall at all times until the termination of the Up Down Trust own at least one Up Down MacroShare.

Appears in 1 contract

Samples: Trust Agreement (MacroShares Housing Depositor, LLC)

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