Holders May Direct Trustee. Holders of Up MacroShares who are the Beneficial Owners of an Aggregate Par Amount representing at least 66 and 2/3% of all such shares that are Outstanding at any time may direct the Trustee with respect to actions that the Trustee is required, permitted or empowered to take under this Trust Agreement, subject to the limitations set forth in Section 2.3, Section 3.1(b) and Section 15.6 hereof.
Appears in 10 contracts
Samples: Trust Agreement, Trust Agreement (MACRO Securities Depositor, LLC), Macroshares Major Metro Housing Up Trust Agreement (MacroShares Major Metro Housing Up Trust)
Holders May Direct Trustee. Holders of Up Down MacroShares who are the Beneficial Owners of an Aggregate Par Amount representing at least 66 and 2/3% of all such shares that are Outstanding at any time may direct the Trustee with respect to actions that the Trustee is required, permitted or empowered to take under this Trust Agreement, subject to the limitations set forth in Section 2.3, Section 3.1(b) and Section 15.6 hereof.
Appears in 7 contracts
Samples: Macroshares $100 Oil Down Trust Agreement (MacroShares $100 Oil Down Trust), Macroshares Major Metro Housing Down Trust Agreement (MacroShares Major Metro Housing Down Trust), Macroshares Oil Down Trust Agreement (MacroShares $100 Oil Down Trust)
