MACRO Shares definition

MACRO Shares means, as the context requires, any or all of the Down-MACRO Holding Shares, the Up-MACRO Holding Shares, the Down-MACRO Tradeable Shares or the Up-MACRO Tradeable Shares, as applicable.

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.

Related to MACRO Shares

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Amalco Shares means the common shares in the capital of Amalco;

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.

  • Acquired Shares has the meaning set forth in the Recitals.

  • Subscriber Shares means the Shares which the subscribers to the Instrument of the ICAV agree to subscribe for as more particularly hereinafter set forth after their names.

  • Holdco Shares means the ordinary shares of HoldCo with a par value of US$0.0001 per share.

  • Initial Shares means all of the outstanding shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

  • VMTP Shares has the meaning set forth in the preamble to this Agreement.

  • Seller Shares means all shares of Common Stock of the Company owned as of the date hereof or hereafter acquired by a Common Holder, as adjusted for any stock splits, stock dividends, combinations, subdivisions, recapitalizations and the like.

  • Subco Shares means the common shares in the capital of Subco;

  • Subscription Shares has the meaning ascribed to it in Section 2.1.

  • Parent Shares means the shares of common stock, par value $1.00 per share, of Parent.

  • Closing Shares shall have the meaning ascribed to such term in Section 2.1(a)(i).

  • Unit Shares has the meaning ascribed thereto in the first paragraph of this Agreement;

  • Merger Shares has the meaning set forth in Section 2.2(c).

  • Coop Shares Shares issued by a Cooperative Corporation.

  • Purchased Shares has the meaning set forth in Section 2.01.

  • Sold Shares shall have the meaning specified in Section 6.

  • Net Shares has the meaning provided in Section 2.12 hereof.

  • Purchaser Warrants means Purchaser Private Warrants and Purchaser Public Warrants, collectively.

  • ASA Shares has the meaning set forth in 2.4(a).

  • SpinCo Shares means the shares of common stock, par value $0.01 per share, of SpinCo.

  • B Shares means a participating share of no par value in the capital of the Fund, denominated in Euro(s);

  • Equity Shares shall have the meaning attributed to such term in the recitals of this Agreement;