Common use of Termination Trigger Cure Clause in Contracts

Termination Trigger Cure. The Administrative Agent shall use its commercially reasonable efforts to cause the Down-MACRO Tradeable Trust to hold at least a Majority of all Outstanding Down-MACRO Holding Shares at all times and to request authorized participants to exchange their Down-MACRO Holding Shares for Down-MACRO Tradeable Shares during any period when the Down-MACRO Tradeable Trust holds less than a Majority of the Outstanding Down-MACRO Holding Shares as a result of Paired Optional Redemptions, failed Creation Orders or for any other reason.

Appears in 12 contracts

Samples: Trust Agreement (MACROshares Oil Up Holding Trust), Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Trust Agreement (Claymore MACROshares Oil Down Holding Trust)

AutoNDA by SimpleDocs

Termination Trigger Cure. The Administrative Agent shall use its commercially reasonable efforts to cause the DownUp-MACRO Tradeable Trust to hold at least a Majority of all Outstanding DownUp-MACRO Holding Shares at all times and to request authorized participants to exchange their DownUp-MACRO Holding Shares for DownUp-MACRO Tradeable Shares during any period when the DownUp-MACRO Tradeable Trust holds less than a Majority of the Outstanding DownUp-MACRO Holding Shares as a result of Paired Optional Redemptions, failed Creation Orders or for any other reason.

Appears in 12 contracts

Samples: Trust Agreement (Claymore MACROshares Oil Down Holding Trust), Trust Agreement (Claymore MACROshares Oil Up Holding Trust), Trust Agreement (Claymore MACROshares Oil Up Holding Trust)

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