Per Share Underlying Value definition

Per Share Underlying Value means, with respect to any date of determination occurring during any Calculation Period and (i) each Up-MACRO Holding Share, an amount calculated by dividing the Up-MACRO Underlying Value by the number of Up-MACRO Holding Shares Outstanding on that date, (ii) each Down-MACRO Holding Share, an amount calculated by dividing the Down-MACRO Underlying Value by the number of Down-MACRO Holding Shares Outstanding on that date, (iii) each Up-MACRO Tradeable Share, an amount equal to the Per Share Underlying Value of one Up-MACRO Holding Share on that date, and (iv) each Down-MACRO Tradeable Share, an amount equal to the Per Share Underlying Value of one Down-MACRO Holding Share on that date.

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Per Share Underlying Value means, with respect to each calendar day occurring during any Calculation Period and (i) each Up MacroShare, an amount calculated by dividing the Underlying Value of the Up Trust on that day by the number of Up MacroShares outstanding on that day, and (ii) each Down MacroShare, an amount calculated by dividing the Underlying Value of the Down Trust on that day by the number of Down MacroShares outstanding on that day.

Per Share Underlying Value means, with respect to each business day occurring during any Calculation Period and (i) each Up MacroShare, an amount calculated by dividing the Up Underlying Value by the number of Up MacroShares Outstanding on that day and (ii) each Down MacroShare, an amount calculated by dividing the Down Underlying Value by the number of Down MacroShares Outstanding on that day.

Examples of Per Share Underlying Value in a sentence

At no time shall the Initial Deposit be included in the calculation of the Per Share Underlying Value of the Up-MACRO Tradeable Shares or any other calculation performed at any time pursuant to Article 4 or Article 8 of this Trust Agreement.
At no time shall the Initial Deposit be included in the calculation of the Per Share Underlying Value of the Down-MACRO Tradeable Shares or any other calculation performed at any time pursuant to ARTICLE 4 or ARTICLE 8 of this Trust Agreement.
If so rejected, such Redemption Order may be resubmitted by the applicable Authorized Participant, if it so desires, on the next Price Determination Day at that day's Per Share Underlying Value.
If so rejected, such Creation Order may be resubmitted by the applicable Authorized Participant, if it so desires, on the next Price Determination Day at the Per Share Underlying Value as of the Creation Valuation Date that is related to the Issuance Date that follows such Business Day.
If rejected, such Redemption Order may be resubmitted by the applicable Authorized Participant, if it so desires, on any subsequent Business Day at the applicable Per Share Underlying Value as of the Redemption Valuation Date related to the relevant Redemption Date.
If rejected, such Creation Order may be resubmitted by the applicable Authorized Participant, if it so desires, on any subsequent Business at the applicable Per Share Underlying Value as of the Issuance Valuation Date related to the relevant Issuance Date.
Down MacroShares will be issued at the Per Share Underlying Value of the existing Down MacroShares on the Issuance Valuation Date preceding the relevant Issuance Date.
Up MacroShares will be redeemed at their Per Share Underlying Value, as calculated on the Redemption Valuation Date preceding the relevant Redemption Date.
Up MacroShares will be issued at the Per Share Underlying Value of the existing Up MacroShares on the Issuance Valuation Date preceding the relevant Issuance Date.
Down MacroShares will be redeemed at their Per Share Underlying Value, as calculated on the Redemption Valuation Date preceding the relevant Redemption Date.

More Definitions of Per Share Underlying Value

Per Share Underlying Value means, with respect to each date of determination occurring during any Calculation Period and (i) each Up-MACRO holding share, an amount calculated by dividing the Underlying Value of the Up-MACRO holding trust by the number of Up-MACRO holding shares outstanding on that date, (ii) each Down-MACRO holding share, an amount calculated by dividing the Underlying Value of the Down-MACRO holding trust by the number of Down-MACRO holding shares outstanding on that date, (iii) each Up-MACRO tradeable share, an amount equal to the Per Share Underlying Value of one Up-MACRO holding share on that date, and (iv) each Down-MACRO tradeable share, an amount equal to the Per Share Underlying Value of one Down-MACRO holding share on that date. The Per Share Underlying Value of an Up-MACRO tradeable share will always equal the Per Share Underlying Value of an Up-MACRO holding share.