Examples of MacroShares Unit in a sentence
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 the creation or redemption of any MacroShares Unit made pursuant to these Standard Terms, regardless of whether or not such tax or charge is imposed directly on each Authorized Participant.
In accordance with these Standard Terms, the applicable Trustee, acting together with the Administrative Agent on behalf of the applicable Paired Trusts, may create and redeem the applicable Paired MacroShares in units of 50,000 Up MacroShares and 50,000 Down MacroShares (each such unit, a "MacroShares Unit") at the instructions of the applicable Authorized Participant and in accordance with the Applicable Procedures (as defined herein).
In accordance with this Participants Agreement, the applicable Trustee, acting together with the Administrative Agent on behalf of the applicable Paired Trusts, may create or redeem the applicable Paired MacroShares in units of 50,000 Up MacroShares and 50,000 Down MacroShares (each such unit, a "MacroShares Unit") at the instructions of the applicable Authorized Participant and in accordance with the applicable 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 the creation or redemption of any MacroShares Unit made pursuant to this Participants Agreement, regardless of whether or not such tax or charge is imposed directly on each Authorized Participant.
With the washout of the Miller River bridge west of the Town in 2011, there are only two remaining physical roadway connections to Skykomish, 5th Street and the Old Cascade Highway connection to US 2 located 1.25 miles east of Town, outside of the Town limits.