Common use of Adjustments to Capital Accounts Clause in Contracts

Adjustments to Capital Accounts. (A) Each Beneficial Owner’s Capital Account shall be increased by the amount of additional cash and the value (as determined under Section 7) of any CERFs or Short-Term Securities contributed to the Trust by such Beneficial Owner or its agent, and by any income or gain (including income and gain exempt from tax) computed in accordance with Section 1(b) and allocated to such Beneficial Owner pursuant to Section 2. (B) Each Beneficial Owner’s Capital Account shall be decreased by the amount of cash and the value (as determined under Section 7) of any CERFs or Short-Term Securities distributed to such Beneficial Owner or its agent pursuant to any provision of this Agreement, and by any expenses, deductions or losses computed in accordance with Section 1(b) and allocated to such Beneficial Owner pursuant to Section 2.

Adjustments to Capital Accounts. (A) Each Beneficial Owner’s Capital Account shall be increased by the amount of additional cash and the value (as determined under Section 7) of any CERFs Index Futures or Short-Term Securities contributed to the Trust by such Beneficial Owner or its agent, and by any income or gain (including income and gain exempt from tax) computed in accordance with Section 1(b) and allocated to such Beneficial Owner pursuant to Section 2. (B) Each Beneficial Owner’s Capital Account shall be decreased by the amount of cash and the value (as determined under Section 7) of any CERFs Index Futures or Short-Term Securities distributed to such Beneficial Owner or its agent pursuant to any provision of this Agreement, and by any expenses, deductions or losses computed in accordance with Section 1(b) and allocated to such Beneficial Owner pursuant to Section 2.