Examples of MACRO Unit in a sentence
The Paired Holding Shares may be created only in pairs of 50,000 Up-MACRO Holding Shares and 50,000 Down-MACRO Holding Shares (each such pair, a "MACRO Unit").
In accordance with this Participants Agreement, the Trustee, acting together with the Administrative Agent on behalf of the Paired Holding Trusts, may create or redeem Paired Holding Shares in units of 50,000 Up-MACRO Holding Shares and 50,000 Down-MACRO Holding Shares (such pairs, a "MACRO Unit") at the instructions of an Authorized Participant and in accordance with the procedures set forth herein.
Each Authorized Participant shall be responsible for the payment of any transfer tax, sales or use tax, stamp tax, recording tax, value added tax and any other similar tax or government charge applicable to (i) the creation or redemption of any MACRO Unit or (ii) the creation or redemption of Tradeable Shares made pursuant to this Participants Agreement, regardless of whether or not such tax or charge is imposed directly on each Authorized Participant.
Upon the execution of this Trust Agreement, the Trustee is hereby directed to cause the Down-MACRO Holding Trust to enter with the Up-MACRO Holding Trust into the Master Agreement, the Income Distribution Agreement and one Settlement Contract for each MACRO Unit of Paired Holding Shares created on the Closing Date.
Upon the execution of this Trust Agreement, the Trustee is hereby directed to cause the Up-MACRO Holding Trust to enter with the Down-MACRO Holding Trust into the Master Agreement, the Income Distribution Agreement and one Settlement Contract for each MACRO Unit of Paired Holding Shares created on the Closing Date and additional Settlement Contracts on each day on which a Net Par Amount Increase in Paired Holding Shares is created as a result of Paired Subsequent Issuances.
On any Redemption Date on which a Paired Optional Redemption occurs, the Trustee, acting together with the Down-MACRO Holding Trustee on behalf of their respective Paired Holding Trusts, shall settle one Settlement Contract for each MACRO Unit of Paired Holding Shares being redeemed.
The Administrative Agent shall determine the Up-MACRO Income Make-Whole Amount and the Down-MACRO Income Make-Whole Amount for each MACRO Unit in accordance with the definitions set forth in Section 1.1. The Administrative Agent's determination of the Up-MACRO Income Make-Whole Amount and the Down-MACRO Income Make-Whole Amount, if any, required for each MACRO Unit shall be final and binding upon all interested Persons.
Upon the execution of this Trust Agreement, the Trustee is hereby directed to cause the Up-MACRO Holding Trust to enter with the Down-MACRO Holding Trust into the Master Agreement, the Income Distribution Agreement and one Settlement Contract for each MACRO Unit of Paired Holding Shares created on the Closing Date.
On any Redemption Date on which a Paired Optional Redemption occurs, the Trustee, acting together with the Up-MACRO Holding Trustee on behalf of their respective Paired Holding Trusts, shall settle one Settlement Contract for each MACRO Unit of Paired Holding Shares being redeemed.
Upon the execution of this Trust Agreement, the Trustee is hereby directed to cause the Down-MACRO Holding Trust to enter with the Up-MACRO Holding Trust into the Master Agreement, the Income Distribution Agreement and one Settlement Contract for each MACRO Unit of Paired Holding Shares created on the Closing Date and additional Settlement Contracts on each day on which a Net Par Amount Increase in Paired Holding Shares is created as a result of Paired Subsequent Issuances.