Common use of Trustee Termination Events Clause in Contracts

Trustee Termination Events. Any one of the following events shall constitute a Trustee Termination Event (a "Trustee Termination Event"): (a) to the extent that any Quarterly Distribution is received by the Down-MACRO Tradeable Trust on its Down-MACRO Holding Shares, a failure by the Trustee to pass through such Quarterly Distribution, which failure continues unremedied for a period of five (5) or more Business Days; (b) to the extent that any Final Distribution is received by the Down-MACRO Tradeable Trust on its Down-MACRO Holding Shares, a failure by the Trustee to pass through such Final Distribution, which failure continues unremedied for a period of five (5) or more Business Days; (c) any failure by the Trustee to observe or perform in any material respect any of its other covenants or obligations hereunder, which failure continues unremedied for thirty (30) days after the giving of written notice of such failure to the Trustee by the Depositor or by not less than 25% of the Holders, voting by par amount;