Common use of No Deficit Makeup Clause in Contracts

No Deficit Makeup. Notwithstanding anything herein to the contrary, upon the liquidation of the Up-MACRO Holding Trust, no Holder shall be required to make any contribution to the Up-MACRO Holding Trust in respect of any deficit in such Holder's Capital Account.

Appears in 17 contracts

Samples: Third Amended and Restated Macroshares Oil Up Holding Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Third Amended and Restated Macroshares Oil Up Holding Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Third Amended and Restated Macroshares Oil Up Holding Trust Agreement (Claymore MACROshares Oil Up Tradeable Trust)

AutoNDA by SimpleDocs

No Deficit Makeup. Notwithstanding anything herein to the contrary, upon the liquidation of the UpDown-MACRO Holding Trust, no Holder shall be required to make any contribution to the UpDown-MACRO Holding Trust in respect of any deficit in such Holder's Capital Account.

Appears in 13 contracts

Samples: Macroshares Oil Down Holding Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Third Amended and Restated Macroshares Oil Down Holding Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Third Amended and Restated Macroshares Oil Down Holding Trust Agreement (Claymore MACROshares Oil Down Holding Trust)

AutoNDA by SimpleDocs

No Deficit Makeup. Notwithstanding anything herein to the contrarycontra ry, upon the liquidation of the UpDown-MACRO Holding Trust, no Holder shall be required to make any contribution to the UpDown-MACRO Holding Trust in respect of any deficit in such Holder's Capital Account.

Appears in 2 contracts

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!