Administration of Eligible Treasuries. (a) The Trustee, acting on behalf of the Down Trust and at the direction of the Administrative Agent, shall apply funds in the amount specified in Section 5.2(a)(iv) on each Distribution Date, all funds received in connection with each Paired Issuance, to the extent such funds are not withdrawn from the Netting Account in connection with a Paired Optional Redemption, and any maturity proceeds of Eligible Treasuries that are received prior to the end of any Calculation Period, to acquire Eligible Treasuries. The Administrative Agent shall direct the Trustee to acquire Eligible Treasuries in accordance with the following "Acquisition Guidelines":
Appears in 6 contracts
Samples: Trust Agreement (MacroShares Major Metro Housing Down Trust), Trust Agreement (MacroShares $100 Oil Down Trust), Trust Agreement (MACRO Securities Depositor, LLC)
Administration of Eligible Treasuries. (a) The Trustee, acting on behalf of the Down Up Trust and at the direction of the Administrative Agent, shall apply funds in the amount specified in Section 5.2(a)(iv) on each Distribution Date, all funds received in connection with each Paired Issuance, to the extent such funds are not withdrawn from the Netting Account in connection with a Paired Optional Redemption, and any maturity proceeds of Eligible Treasuries that are received prior to the end of any Calculation Period, to acquire Eligible Treasuries. The Administrative Agent shall direct the Trustee to acquire Eligible Treasuries in accordance with the following "Acquisition Guidelines":
Appears in 6 contracts
Samples: Trust Agreement (MacroShares $100 Oil Up Trust), Trust Agreement (MacroShares Housing Depositor, LLC), Trust Agreement (MacroShares $100 Oil Up Trust)
