Common use of Acceptance of Appointment and Matters Relating to the Trustee Clause in Contracts

Acceptance of Appointment and Matters Relating to the Trustee. (a) State Street Bank and Trust Company (as successor to Investors Bank & Trust Company) agrees to act as Trustee, Trust Accounting Agent, Custodian, Transfer Agent and Registrar under this Trust Agreement and has concurrently agreed to act as the Up-MACRO Holding Trustee under the Up-MACRO Holding Trust Agreement, the Down-MACRO Tradeable Trustee under the Down-MACRO Tradeable Trust Agreement and the Up-MACRO Tradeable Trustee under the Up-MACRO Tradeable Trust Agreement. The Holders of the Down-MACRO Holding Shares, by their acceptance of their shares, consent to State Street Bank and Trust Company acting as Trustee under this Trust Agreement and as trustee for the Up-MACRO Holding Trust under the Up-MACRO Holding Trust Agreement, as trustee for the Down-MACRO Tradeable Trust under the Down-MACRO Tradeable Trust Agreement and as trustee for the Up-MACRO Tradeable Trust under the Up-MACRO Tradeable Trust Agreement.

Acceptance of Appointment and Matters Relating to the Trustee. (a) State Street Bank and Trust Company (as successor to Investors Bank & Trust Company) agrees to act as Trustee, Trust Accounting Agent, Custodian, Transfer Agent and Registrar under this Trust Agreement and has concurrently agreed to act as the UpDown-MACRO Holding Trustee under the UpDown-MACRO Holding Trust Agreement, the Up-MACRO Tradeable Trustee under the Up-MACRO Tradeable Trust Agreement and the Down-MACRO Tradeable Trustee under the Down-MACRO Tradeable Trust Agreement and the Up-MACRO Tradeable Trustee under the Up-MACRO Tradeable Trust Agreement. The Holders of the DownUp-MACRO Holding Shares, by their acceptance of their shares, consent to State Street Bank and Trust Company acting as Trustee under this Trust Agreement and as trustee for the UpDown-MACRO Holding Trust under the UpDown-MACRO Holding Trust Agreement, as trustee for the Up-MACRO Tradeable Trust under the Up-MACRO Tradeable Trust Agreement and as trustee for the Down-MACRO Tradeable Trust under the Down-MACRO Tradeable Trust Agreement and as trustee for the Up-MACRO Tradeable Trust under the Up-MACRO Tradeable Trust Agreement.