Common use of Establishment of the Netting Account Clause in Contracts

Establishment of the Netting Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the Up Trust and for the benefit of the Holders of the Up MacroShares, an Eligible Deposit Account bearing a designation that the funds deposited therein are held for the benefit of the Holders of the Up MacroShares (the "Netting Account"), which shall consist of the Cash Netting Subaccount and the Share Netting Subaccount.

Appears in 10 contracts

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

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Establishment of the Netting Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the Up Down Trust and for the benefit of the Holders of the Up Down MacroShares, an Eligible Deposit Account bearing a designation that the funds deposited therein are held for the benefit of the Holders of the Up Down MacroShares (the "Netting Account"), which shall consist of the Cash Netting Subaccount and the Share Netting Subaccount.

Appears in 7 contracts

Samples: Trust Agreement (MacroShares $100 Oil Down Trust), Trust Agreement (MacroShares Major Metro Housing Down Trust), Trust Agreement (MacroShares Major Metro Housing Down Trust)

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