Common use of Limitation on Rights of Holders of the Up MacroShares Clause in Contracts

Limitation on Rights of Holders of the Up MacroShares. (a) The death or incapacity of any Holder of the Up MacroShares shall not operate to terminate this Trust Agreement or the Up Trust, nor shall such death or incapacity entitle the legal representatives or heirs of such Holder to claim an accounting or to take any action or commence any proceeding in any court for a partition or winding-up of the Up Trust, or otherwise affect the rights, obligations and liabilities of the parties hereto or any of them.

Appears in 10 contracts

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

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