Down MacroShare definition
Examples of Down MacroShare in a sentence
Each Down MacroShare represents an undivided beneficial interest in the Down Trust and the Beneficial Owner thereof is entitled to receive distributions on such Down MacroShare on the dates and in the amounts specified in Section 5.2 from assets on deposit in the Down Trust.
On or before December 31, 2008, the Depositor shall subscribe for not fewer than one Down MacroShare and shall at all times until the termination of the Down Trust own at least one Down MacroShare.
No Down MacroShare shall be entitled to any benefits under this Trust Agreement or be valid or obligatory for any purpose unless a Global Certificate evidencing those Down MacroShares has been executed by the Trustee by the manual or facsimile signature of a duly authorized signatory of the Trustee and countersigned by the manual or facsimile signature of a duly authorized officer of the Depositor.
Each Down MacroShare and Up MacroShare represents an undivided beneficial interest in its corresponding Trust.
On or before December 31, 2009, the Depositor shall subscribe for not fewer than one Down MacroShare and shall at all times until the termination of the Down Trust own at least one Down MacroShare.