Protection of Right, Title and Interest to Trust Assets. (a) The Depositor shall cause this Trust Agreement, all amendments hereof and supplements hereto and all financing statements, continuation statements and any other necessary documents covering the right, title and interest of the Holders of the Up-MACRO Holding Shares and of the Trustee in and to the Trust Assets to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, all in such manner and in such places as may be required by law fully to preserve and protect the right, title and interest of the Holders of the Up-MACRO Holding Shares and the Trustee hereunder in and to all property comprising the Trust Assets. Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Down-MACRO Holding Trustee, on behalf of the Down-MACRO Holding Trust, in the Trust Assets which shall secure the obligations of the Up-MACRO Holding Trust to the Down-MACRO Holding Trust under the Income Distribution Agreement and the
Appears in 7 contracts
Samples: Trust Agreement (MACRO Securities Depositor, LLC), Claymore Macroshares Oil Up Holding Trust Agreement (MACRO Securities Depositor, LLC), Claymore Macroshares Oil Up Holding Trust Agreement (MACROshares Oil Up Holding Trust)
Protection of Right, Title and Interest to Trust Assets. (a) The Depositor shall cause this Trust Agreement, all amendments hereof and supplements hereto and all financing statements, continuation statements and any other necessary documents covering the right, title and interest of the Holders of the UpDown-MACRO Holding Shares and of the Trustee in and to the Trust Assets to be promptly recorded, registered and filed, and at all times to be kept recorded, registered and filed, all in such manner and in such places as may be required by law fully to preserve and protect the right, title and interest of the Holders of the UpDown-MACRO Holding Shares and the Trustee hereunder in and to all property comprising the Trust Assets. Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the DownUp-MACRO Holding Trustee, on behalf of the DownUp-MACRO Holding Trust, in the Trust Assets which shall secure the obligations of the UpDown-MACRO Holding Trust to the DownUp-MACRO Holding Trust under the Income Distribution Agreement and the
Appears in 2 contracts
Samples: Claymore Macroshares Oil Down Holding Trust Agreement (MACRO Securities Depositor, LLC), Claymore Macroshares Oil Down Holding Trust Agreement (MACRO Securities Depositor, LLC)
