Common use of Nonrecourse Liabilities Clause in Contracts

Nonrecourse Liabilities. Nonrecourse Liabilities of the Trust described in Treasury Regulation Section 1.752-3(a)(3) shall be allocated among the Shareholders in a manner chosen by the Sponsor and consistent with such Treasury Regulation.

Appears in 7 contracts

Sources: Trust Agreement, Trust Agreement (Vs Trust), Trust Agreement (Dynamic Shares Trust)

Nonrecourse Liabilities. Nonrecourse Liabilities of the Trust described in Treasury Regulation Regulations Section 1.752-3(a)(3) shall be allocated among the Shareholders in a manner chosen by the Sponsor and consistent with such Treasury Regulation.

Appears in 2 contracts

Sources: Declaration of Trust (Metaurus Equity Component Trust), Declaration of Trust (Metaurus Equity Component Trust)

Nonrecourse Liabilities. Nonrecourse Liabilities of the Trust described in Treasury Regulation Section section 1.752-3(a)(3) shall be allocated among the Shareholders in a manner chosen by the Sponsor and consistent with such Treasury Regulation.

Appears in 2 contracts

Sources: Trust Agreement (ETFS Collateralized Commodities Trust), Trust Agreement (ETFS Collateralized Commodities Trust)

Nonrecourse Liabilities. Nonrecourse Liabilities of the Trust a Fund described in Treasury Regulation Section 1.752-3(a)(3) shall be allocated among the Shareholders in a manner chosen by the Sponsor and consistent with such Treasury Regulation.

Appears in 1 contract

Sources: Trust Agreement (Direxion Shares ETF Trust II)

Nonrecourse Liabilities. Nonrecourse Liabilities of the Trust described in Treasury Regulation Section 1.752-3(a)(3) shall be allocated among the Shareholders in a manner chosen by the Sponsor Managing Owner and consistent with such Treasury Regulation.

Appears in 1 contract

Sources: Trust Agreement (Market Vectors Commodity Trust)