MACRO Shares definition

MACRO Shares means, as the context requires, any or all of the Down-MACRO Holding Shares, the Up-MACRO Holding Shares, the Down-MACRO Tradeable Shares or the Up-MACRO Tradeable Shares, as applicable.
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Examples of MACRO Shares in a sentence

  • This will allow an Authorized Participant through its Authorized Person(s) to place Creation Order(s), Redemption Order(s) or Exchange Order(s) for MACRO Shares.

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

  • The Authorized Participant shall be responsible for all costs and expenses relating to or connected with any transfer of MACRO Shares or Eligible Treasuries between its designated account and the Netting Account or the Securities Account of the applicable MACRO Trust.

  • The MACRO Shares will be created on a net basis daily with respect to all Orders received from all Authorized Participants on such date.

  • The Authorized Participant acknowledges that it is an unsecured creditor of the applicable Trustee, on behalf of the applicable Trust, with respect to any MACRO Shares, Eligible Treasuries and/or cash held in each Authorized Participant's Participant Custodian Account and that such MACRO Shares, Eligible Treasuries and/or cash are at risk in the event that the Trustee becomes insolvent.

  • Any transfer of MACRO Shares shall be conducted through the Deposit and Withdrawal At Custodian process (the "DWAC process") of the DTC system.

  • The Authorized Participant shall be responsible for all costs and expenses relating to or connected with any transfer of MACRO Shares or Treasuries between its designated account and the Securities Account of the applicable MACRO Trust.

  • The Authorized Participant acknowledges that it is an unsecured creditor of the Trustee with respect to any MACRO Shares, Treasuries and/or cash held in each Authorized Participant's Participant Custodian Account and that such Treasuries and/or cash are at risk in the event that the Trustee becomes insolvent.

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

  • This will allow an Authorized Participant through its Authorized Person(s) to place Creation Order(s), Exchange Order(s) or Redemption Order(s) for MACRO Shares.

Related to MACRO Shares

  • Purchaser Shares means the common shares in the capital of the Purchaser.

  • Amalco Shares means the common shares in the capital of Amalco;

  • sweat equity shares means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called;

  • Buyer Shares means the common stock, with a par value of $0.0001 per share, of Buyer.

  • Subscribed Shares means, as of any date of determination, the Subscribed Shares (as defined in the recitals to this Subscription Agreement) and any other equity security issued or issuable with respect to the Subscribed Shares by way of stock split, dividend, distribution, recapitalization, merger, exchange, or replacement, and (ii) “Subscriber” shall include any person to which the rights under this Section 5 shall have been duly assigned.