Examples of MACRO Shares in a sentence
The MACRO Shares will be created on a net basis daily with respect to all Orders received from all Authorized Participants on such date.
The Authorized Participant shall be responsible for all costs and expenses relating to or connected with any transfer of MACRO Shares or Eligible Treasuries between its designated account and the Netting Account or the Securities Account of the applicable MACRO Trust.
This will allow an Authorized Participant through its Authorized Person(s) to place Creation Order(s), Redemption Order(s) or Exchange Order(s) for MACRO Shares.
Because new MACRO Shares can be created and issued on an ongoing basis, on every Business Day, at any point during the life of the MACRO Trusts, a "distribution," as such term is used in the Securities Act of 1933, as amended ("Securities Act"), may be occurring.
The Authorized Participant acknowledges that it is an unsecured creditor of the applicable Trustee, on behalf of the applicable Trust, with respect to any MACRO Shares, Eligible Treasuries and/or cash held in each Authorized Participant's Participant Custodian Account and that such MACRO Shares, Eligible Treasuries and/or cash are at risk in the event that the Trustee becomes insolvent.
Any transfer of MACRO Shares shall be conducted through the Deposit and Withdrawal At Custodian process (the "DWAC process") of the DTC system.
The Authorized Participant shall be responsible for all costs and expenses relating to or connected with any transfer of MACRO Shares or Treasuries between its designated account and the Securities Account of the applicable MACRO Trust.
FECA also provides for survivor benefits to an employee’s dependents if the work-related injury or disease results in the employee’s death.
Because new MACRO Shares can be created and issued on an ongoing basis, at any point during the life of the MACRO Trusts, a "distribution," as such term is used in the Securities Act of 1933, as amended ("Securities Act"), may be occurring.
The Authorized Participant acknowledges that it is an unsecured creditor of the Trustee with respect to any MACRO Shares, Treasuries and/or cash held in each Authorized Participant's Participant Custodian Account and that such Treasuries and/or cash are at risk in the event that the Trustee becomes insolvent.