Paired Holding Trusts definition

Paired Holding Trusts means the Up-MACRO Holding Trust together with the Down-MACRO Holding Trust.
Sample 1Sample 2Sample 3
Paired Holding Trusts means the Up-MACRO holding trust and the Down-MACRO holding trust.
Sample 1Sample 2Sample 3
Paired Holding Trusts shall have the meaning set forth in the preamble.
Sample 1Sample 2Sample 3

Examples of Paired Holding Trusts in a sentence

  • To the extent the Trustee, the Administrative Agent, the Depositor, the Paired Holding Trusts or the Tradeable Trusts are required by law to pay any such tax or charge, the Authorized Participant agrees to promptly indemnify such party for any such payment, together with any applicable penalties, additions to tax or interest thereon.

  • 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.

  • 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.

  • Notwithstanding the foregoing, performance results of any MACRO Securities or any Paired Holding Trusts which have issued MACRO Securities shall remain owned by and the property of Licensee and/or its Permitted Sublicensees and may be used without limitation by Licensee and/or its Permitted Sublicensees.

  • 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.

  • INVESTORS BANK & TRUST COMPANY not in its individual capacity, but solely as the Trustee for the Paired Holding Trusts and the Tradeable Trusts By: /s/ Michael F.

  • When Treasuries are to be transferred to the Paired Holding Trusts from an Authorized Participant (in exchange for the issuance of MACRO Units), the Administrative Agent shall transfer such Treasuries from that Authorized Participant's Participant Custodian Account to the Securities Account of the applicable Paired Holding Trust.

  • Because new Paired Holding Shares can be created and issued on an ongoing basis, at any point during the life of the Paired Holding Trusts, a "distribution," as such term is used in the Securities Act of 1933, as amended ("Securities Act"), may be occurring.

  • Each Authorized Participant is responsible for ensuring that the Treasuries it intends to transfer to the Paired Holding Trusts in exchange for MACRO Units are available for transfer to the Paired Holding Trusts in the manner and at the times described in these Procedures.

  • Because the creation and redemption of MACRO Units also involve the transfer of Treasuries between the Authorized Participant and each of the Paired Holding Trusts, certain processes relating to the transfer of the underlying Treasuries also are described herein.

Related to Paired Holding Trusts

  • Holding Trust means Exeter Holdings Trust 2023-1, a Delaware statutory trust.

  • Underlying Trust Means the "Trust Fund" as defined in the Underlying Agreement.

  • Required Holding Period means the requisite period prescribed by the ITO and the Rules, or such other period as may be required by the ITA, with respect to 102 Trustee Grants, during which Awards granted by the Company must be held by the Trustee for the benefit of the person to whom it was granted. As of the date of the adoption of this Sub-Plan, the Required Holding Period for 102 Capital Gains Track Grants is 24 months from the date of grant of the Award.

  • Special Entity means any joint venture, limited liability company or partnership, general or limited partnership or any other type of partnership or company other than a corporation in which the Borrower or one or more of its other Subsidiaries is a member, owner, partner or joint venturer and owns, directly or indirectly, at least a majority of the equity of such entity or controls such entity, but excluding any tax partnerships that are not classified as partnerships under state law. For purposes of this definition, any Person which owns directly or indirectly an equity investment in another Person which allows the first Person to manage or elect managers who manage the normal activities of such second Person will be deemed to "control" such second Person (e.g. a sole general partner controls a limited partnership).

  • holding entity means a person that is controlled by an individual;

  • Plug-in Hybrid Electric Vehicle (PHEV) means a vehicle that is similar to a Hybrid but is equipped with a larger, more advanced battery that allows the vehicle to be plugged in and recharged in addition to refueling with gasoline. This larger battery allows the car to be driven on a combination of electric and gasoline fuels.

  • Plug-in hybrid electric vehicle means a motor vehicle that:

  • Qualified CFC Holding Company means a Wholly Owned Subsidiary of the Issuer that is a limited liability company, the primary asset of which consists of Equity Interests in either (i) a Foreign Subsidiary or (ii) a limited liability company the primary asset of which consists of Equity Interests in a Foreign Subsidiary.

  • Hybrid electric vehicle (HEV) means a hybrid vehicle where one of the propulsion energy converters is an electric machine.

  • PFPC Trust means PFPC Trust Company or a subsidiary or affiliate of PFPC Trust Company.

  • Estate Planning Vehicle has the meaning set forth in Section 6.3(a).

  • Redeeming Partner has the meaning set forth in Section 8.6.A.

  • Administrator/Benchmark Event means, in respect of any Series of Preference Shares and an Index, any authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register in respect of the Index or the administrator of the Index or the Index Sponsor has not been, or will not be, obtained or has been, or will be, rejected, refused, suspended or withdrawn by the relevant competent authority or other relevant official body, in each case as required under any applicable law or regulation in order for the Company, the Calculation Agent or any other entity to performits or their respective obligations in respect of the Preference Shares or any Related Financial Product, all as determined by the Calculation Agent;

  • Income trust means a trust that is not a unitrust.

  • Holding Entities means the subsidiaries of Brookfield Renewable Energy L.P., from time to time, through which it indirectly holds all of the Partnership’s interests in the Operating Entities.

  • CFC Holding Company means a Subsidiary, substantially all of the assets of which consist of Equity Interests or Indebtedness of (a) one or more CFCs or (b) one or more CFC Holding Companies.

  • Voting Trust has the meaning set forth in Section 2.2(b).

  • Liquidating Trust means the liquidating trust maintained by the Trustee holding the Trust Assets of the Partnership, identified as the "PLM Equipment Growth Fund III Liquidating Trust"; also referred to herein as the "Trust."

  • Managing Owner as used only in this Section 4.7 shall include, in addition to the Managing Owner, any other Covered Person performing services on behalf of the Trust and acting within the scope of the Managing Owner’s authority as set forth in this Trust Agreement.

  • Intervening Trust Vehicle with respect to any Securitization Vehicle that is a CDO, shall mean a trust vehicle or entity that holds any Note as collateral securing (in whole or in part) any obligation or security held by such Securitization Vehicle as collateral for the CDO.

  • CFPC means the College of Family Physicians of Canada.

  • Participating Entity means a state (as well as the District of Columbia and US territories), city, county, district, other political subdivision of a State, or a nonprofit organization under the laws of some states properly authorized to enter into a Participating Addendum, that has executed a Participating Addendum.

  • Eligible Trust means - (i) a trust created by or in pursuance of the provisions of any law which is for the time being in force in any State, or (ii) a trust, the properties of which are vested in a treasurer under the Charitable Endowments Act 1890 (Act 6 of 1890), or (iii) a religious or charitable trust which is administered or controlled or supervised by or under the provisions of any law, which is for the time being in force relating to religious or charitable trusts or, (iv) any other trust, being an irrevocable trust, which has been created for the purpose of or in connection with the endowment of any property or properties for the benefit or use of the public or any section thereof, or (v) a trust created by a will which is valid and has become effective, or (vi) any other trust, being an irrevocable trust, which has been created by an instrument in writing and includes `depository' within the meaning of Clause(e) of Sub-section (1) of Section 2 of The Depository Act, 1996;

  • Citigroup Trust means each of Citigroup Capital III, Citigroup Capital XIII and Citigroup Capital XVIII, each a Delaware statutory trust, or any other similar trust created for the purpose of issuing preferred securities in connection with the issuances of junior subordinated notes under the junior subordinated debt indentures or the junior junior subordinated debt indenture.

  • Converting entity means the domestic entity that approves a plan of conversion pursuant to Section 33‑43‑1143 or the foreign entity that approves a conversion pursuant to the law of its jurisdiction of formation.

  • Unit owner means the declarant or other person who owns a unit, or a lessee of a unit in a leasehold common interest community whose lease expires simultaneously with any lease, the expiration or termination of which will remove the unit from the common interest community but does not include a person having an interest in a unit solely as security for an obligation. In a condominium or planned community, the declarant is the owner of any unit created by the declaration until that unit is conveyed to another person, in a cooperative, the declarant is treated as the owner of any unit to which allocated interests have been allocated pursuant to section 38-33.3-207 until that unit has been conveyed to another person, who may or may not be a declarant under this article.