Paired Trusts definition

Paired Trusts means the Down Trust and the Up Trust.
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Paired Trusts means the Up Trust together with the Down Trust.
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Paired Trusts shall have the meaning set forth in the preamble.
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Examples of Paired Trusts in a sentence

  • Each Authorized Participant may create or redeem MacroShares Units only to the extent it is an authorized participant for the Paired Trusts issuing such MacroShares Units.

  • Because new MacroShares can be created and issued on an ongoing basis on any Business Day prior to an Early Termination Date or the Final Scheduled Termination Date for the applicable Paired Trusts, a "distribution," as such term is used in the Securities Act of 1933, as amended ("Securities Act"), may be occurring at any time from the applicable Closing Date through such Early Termination Date or Final Scheduled Termination Date.

  • The Trustee shall obtain the Up MacroShares so credited from the Shares Netting Subaccount or, in the event of a Net Par Amount Increase, by causing each of the Paired Trusts to issue Paired Shares in the Aggregate Par Amount of such Net Par Amount Increase.

  • Following receipt of such written notification, the Administrative Agent shall prepare, or cause to be prepared, an amendment to Schedule I hereto and shall cause the signature of the Authorized Participant to be struck through on the signature pages for the applicable Supplement for each set of Paired Trusts with respect to which such Authorized Participant no longer wishes to act in such capacity.

  • The applicable Supplement sets forth the specific procedures in accordance with which the applicable Authorized Participants may create and redeem MacroShares Units for each set of Paired Trusts.

  • Capitalized terms used but not defined in these Standard Terms shall have the meanings assigned to such terms in the MacroShares Trust Agreements for the applicable Paired Trusts.

  • To the extent required under the Exchange Act, the applicable Depositors shall file, within four (4) Business Days of the termination of an Authorized Participant with respect to one, several or all of the Paired Trusts, a Form 8-K for each of the applicable Paired Trusts disclosing the termination of such Authorized Participant with respect to such Paired Trusts.

  • To the extent required under the Exchange Act, the applicable Depositors shall file, within four (4) Business Days of the addition of an Authorized Participant with respect to one, several or all of the Paired Trusts, a Form 8-K for each of the applicable Paired Trusts disclosing the addition of a new Authorized Participant for such Paired Trusts.

  • The Trustee shall perform the calculations described in this Section 4.2(a) by assuming that the Reference Value of the Index for any calendar day on which the Index was no longer available to the Paired Trusts or no longer being published was the same as the Reference Value of the Index on the last Index Publication Day on which it was available and being published.

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

Related to Paired Trusts

  • Insured Trust means a Trust which is comprised entirely of Pre-Insured Bonds and/or Bonds as to which such Trust has obtained Portfolio Insurance.

  • Uninsured Trust means any Trust other than an Insured Trust.

  • 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;

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Servicer Employee As defined in Section 3.18.

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Executor means any executor, administrator or other person administering the estate of a deceased person;

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Servicer Employees As defined in Section 2.12.

  • Special Sub-Custodian Each such duly appointed Special Sub-Custodian shall be listed on Schedule D hereto, as it may be amended from time to time by a Fund, with the acknowledgment of the Custodian. In connection with the appointment of any Special Sub-Custodian, and in accordance with Special Instructions, the Custodian shall enter into a sub-custodian agreement with the Fund and the Special Sub-Custodian in form and substance approved by such Fund, provided that such agreement shall in all events comply with the provisions of the 1940 Act and the rules and regulations thereunder and the terms and provisions of this Agreement.

  • Annuity Unit An accounting unit of measure used to calculate the amount of Annuity Payments.

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

  • L/C Participants the collective reference to all the Revolving Lenders other than the Issuing Lender.

  • Initial Beneficiary means ALF LLC, as initial beneficiary under the Titling Trust Agreement and its permitted successors and assigns.

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.

  • Early Retirement Date means: the day on which a Participant who has attained age fifty-five (55), but has not reached age sixty-five (65), with ten (l0) or more years of Credited Service, retires. A Participant is eligible for early retirement on the first day of the calendar month coincidental with or immediately following the attainment of age fifty-five (55) and the completion of ten (l0) years of Credited Service, and "early retirement" shall mean retirement by an eligible Participant at the Early Retirement Date.

  • Special benefit means, for purposes of a property-based district, a particular and distinct benefit over and above general benefits conferred on real property located in a district or to the public at large. Special benefit includes incidental or collateral effects that arise from the improvements, maintenance, or activities of property-based districts even if those incidental or collateral effects benefit property or persons not assessed. Special benefit excludes general enhancement of property value.

  • Annuity reserve means the present value, computed upon the basis of the mortality and other tables adopted by the board, of all payments to be made on account of any annuity, or benefit in lieu of any annuity, granted to a retirant as provided in this chapter.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Special Servicer Termination Event shall have the meaning given to such term in the Lead Securitization Servicing Agreement.

  • 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;

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Early Settlement Date has the meaning specified in Section 5.9(a).