Original Proportionate Relationship definition

Original Proportionate Relationship means with respect to a Trust, the percentage relationship among the Securities based on the number of contracts of each Option per Unit, the principal amount of each Fixed Income Security per Unit and the number of shares of each Equity Security per Unit compared to all Securities attributable to each Unit existing immediately prior to the related additional deposit of Securities. The Original Proportionate Relationship shall be adjusted to the extent necessary, and may be rounded, to reflect the occurrence of a stock dividend, a stock split or a similar event which affects the capital structure of the issuer of a Security.

Original Proportionate Relationship means the proportionate relationship among the number of shares of each Security established on the deposit made pursuant to Section 2.1. The Original Proportionate Relationship shall be adjusted, if appropriate, to reflect (1) the deposit of Substitute Securities and (2) the occurrence of any stock dividend, stock splits, redemptions, or similar events.

Original Proportionate Relationship means the proportionate relationship among the number of shares of each Security established on the deposit made pursuant to Section 2.01. The Original Proportionate Relationship shall be adjusted, if appropriate, to reflect (1) the deposit of Replacement Securities pursuant to Section 3.17, (2) the sale of Securities pursuant to Section 3.07, 3.10 or 5.02 and (3) the occurrence of any stock dividend, stock splits, redemptions, acquisition of shares through dividend reinvestment plans or similar events.

Examples of Original Proportionate Relationship in a sentence

• Additional Securities deposited or purchased with cash or a letter of credit deposited may be purchased in round lots, and if the amount of the deposit is insufficient to acquire round lots of each Security to be acquired, Additional Securities may be deposited (or acquired with cash or a letter of credit deposited) in the order of the Security in the Trust Fund most under-represented immediately before the deposit with respect to the Original Proportionate Relationship.

• Additional Securities deposited, or purchased with cash or a letter of credit deposited, may be purchased in round lots, and if the amount of the deposit is insufficient to acquire round lots of each Security to be acquired, Additional Securities may be deposited (or acquired with cash or a letter of credit deposited) in the order of the Security in the Trust Fund most under-represented immediately before the deposit with respect to the Original Proportionate Relationship.

• Additional Securities deposited during the 90 days following the initial deposit made pursuant to Section 2.01 hereof shall maintain as closely as practicable the Original Proportionate Relationship, except as provided in this Section 2.05(b).

• Each deposit made pursuant to this Section 2.05 during the 90 days following the initial date of deposit shall replicate, to the extent practicable, as specified in subparagraph (b), the Original Proportionate Relationship, as defined hereinabove.

• Each deposit made during the 90 days following the deposit made pursuant to Section 2.1 hereof shall replicate, to the extent practicable, as specified in the following paragraph (b), the Original Proportionate Relationship.

• Additional Securities may be deposited or purchased in round lots; if the amount of the deposit is -10- 316487.2 insufficient to acquire round lots of each Security to be acquired, the Additional Securities shall be deposited or purchased in the order of the Security in the Trust most under represented immediately before the deposit with respect to the Original Proportionate Relationship.

• Each deposit made during the 90 days following the deposit made pursuant to Section 2.1 hereof shall replicate, to the extent practicable, as -9- 316487.2 specified in the following paragraph (b), the Original Proportionate Relationship.

• Additional Securities may be deposited or purchased in round lots; if the amount of the deposit is insufficient to acquire round lots of each Security to be acquired, the Additional Securities shall be deposited or purchased in the order of the Security in the Trust most under represented immediately before the deposit with respect to the Original Proportionate Relationship.

• Additional Securities deposited or purchased with cash or a letter of credit deposited may be purchased in round lots, and if the amount of the deposit is insufficient to acquire round lots of each Security to be acquired, Additional Securities may be deposited (or acquired with cash or a letter of credit deposited) in the order of the Security in the Trust Find most under-represented immediately before the deposit with respect to the Original Proportionate Relationship.

• Additional Securities deposited or purchased with cash or a letter of credit deposited may be purchased in round lots, and if the amount of the deposit is insufficient to acquire round lots of each Security to be acquired, Additional Securities may be deposited (or acquired with cash or a letter of credit deposited) in the order of the Security in the Trust Fund most underrepresented immediately before the deposit with respect to the Original Proportionate Relationship.

More Definitions of Original Proportionate Relationship

Original Proportionate Relationship means the proportionate relationship among the principal amount of each Bond established on the deposit made pursuant to Section 2.01. The Original Proportionate Relationship shall be adjusted, if appropriate, to reflect (1) the deposit of Replacement Bonds pursuant to Section 3.17 and (2) the sale of Securities pursuant to Section 3.08, 3.12 or 5.02.