Common use of Maintenance of Records and Books of Account Clause in Contracts

Maintenance of Records and Books of Account. The Trustee shall maintain and implement administrative and operating procedures (including the ability to recreate records evidencing any transaction entered into by the Up Trust in the event of the destruction of the originals thereof), and keep and maintain all documents, books, computer records and other information, reasonably necessary or advisable. Such documents, books and computer records shall reflect all facts giving rise to such transactions, all payments and credits with respect thereto, and, to the extent required, such documents, books and computer records shall indicate the interests of the Up Trust in such transactions.

Appears in 9 contracts

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

AutoNDA by SimpleDocs

Maintenance of Records and Books of Account. The Trustee shall maintain and implement administrative and operating procedures (including the ability to recreate records evidencing any transaction entered into by the Up Down Trust in the event of the destruction of the originals thereof), and keep and maintain all documents, books, computer records and other information, reasonably necessary or advisable. Such documents, books and computer records shall reflect all facts giving rise to such transactions, all payments and credits with respect thereto, and, to the extent required, such documents, books and computer records shall indicate the interests of the Up Down Trust in such transactions.

Appears in 7 contracts

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

AutoNDA by SimpleDocs

Maintenance of Records and Books of Account. The Trustee shall maintain and implement administrative and operating procedures (including the ability to recreate records evidencing any transaction entered into by the Up Trust in the event of the destruction of the originals thereof), and keep and maintain all documents, books, computer records and other information, reasonably necessary or advisable. Such documents, books and computer records shall reflect all facts giving rise to such transactions, all payments and credits with respect thereto, and, to the extent required, such documents, books and computer records shall indicate the interests of the Up Trust in such transactions.

Appears in 7 contracts

Samples: Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC)

Time is Money Join Law Insider Premium to draft better contracts faster.