Trust Assets. Each of the Depositor and Claymore Securities, Inc. hereby assigns, transfers, conveys and otherwise sets over to the Trustee, and the Trustee hereby acknowledges receipt of, immediately available funds in the amount of $500.00, for a total initial deposit of $1,000.00 (the "Initial Deposit"), in exchange for which the Trust will issue 1,000 founders' shares with a par value of $1 per share, which shall constitute the initial capital of the Trust, and of which 500 shall be issued to the Depositor and 500 shall be issued to Claymore Securities, Inc. The Initial Deposit shall be held in trust for the Depositor and Claymore Securities, Inc.
Appears in 8 contracts
Samples: Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MACRO Securities Depositor, LLC)
