Common use of Annual Tax Information Clause in Contracts

Annual Tax Information. (a) The Trustee shall file or cause to be filed, within the time limits established by law, federal and state income tax returns and information statements as a grantor trust for each of the Trust's taxable years. The Trust's taxable year shall be the calendar year unless otherwise required by law. Notwithstanding any other provision of the Trust Agreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting distributions to, or receipts of amounts on behalf of, Holders that the Trustee reasonably believes are applicable under the Code. The consent of the Holders shall not be required for such withholding. The Trustee shall in no event cause the Trust, and each Holder of Up-MACRO Tradeable Shares by its purchase thereof shall be deemed to have agreed not to make any election to cause the Trust, to be treated as a corporation for federal income tax purposes. The Administrative Agent and the Depositor, upon request, shall each furnish the Trustee with any information known to it that may be reasonably required in connection with its duties set forth in this Section 7.1. (b) In no event shall the Trustee be personally liable for any taxes or other governmental charges imposed upon or in respect of the Up-MACRO Tradeable Shares, which it may be required to pay under any present or future law of the United States of America or of any other taxing authority having jurisdiction in the premises. For all such taxes and charges and for any expenses, including counsel's fees, which the Trustee may sustain or incur with respect to such taxes or charges, the Trustee shall be reimbursed and indemnified out of the assets of the Up-MACRO Holding Trust in accordance with the Up-MACRO Holding Trust Agreement. Any payments by the Trustee shall be subject to withholding regulations then in force with respect to the United States taxes. This paragraph shall survive notwithstanding any termination of this Trust Agreement and the Up-MACRO Holding Trust or the resignation or removal of the Trustee.

Annual Tax Information. (a) The Trustee shall file or cause to be filed, within the time limits established by law, federal and state income tax returns and information statements as a grantor trust for each of the Trust's taxable years. The Trust's taxable year shall be the calendar year unless otherwise required by law. Notwithstanding any other provision of the Trust Agreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting distributions to, or receipts of amounts on behalf of, Holders that the Trustee reasonably believes are applicable under the Code. The consent of the Holders shall not be required for such withholding. The Trustee shall in no event cause the Trust, and each Holder of UpDown-MACRO Tradeable Shares by its purchase thereof shall be deemed to have agreed not to make any election to cause the Trust, to be treated as a corporation for federal income tax purposes. The Administrative Agent and the Depositor, upon request, shall each furnish the Trustee with any information known to it that may be reasonably required in connection with its duties set forth in this Section 7.1. (b) In no event shall the Trustee be personally liable for any taxes or other governmental charges imposed upon or in respect of the UpDown-MACRO Tradeable Shares, which it may be required to pay under any present or future law of the United States of America or of any other taxing authority having jurisdiction in the premises. For all such taxes and charges and for any expenses, including counsel's fees, which the Trustee may sustain or incur with respect to such taxes or charges, the Trustee shall be reimbursed and indemnified out of the assets of the UpDown-MACRO Holding Trust in accordance with the UpDown-MACRO Holding Trust Agreement. Any payments by the Trustee shall be subject to withholding regulations then in force with respect to the United Untied States taxes. This paragraph shall survive notwithstanding any termination of this Trust Agreement and the UpDown-MACRO Holding Trust or the resignation or removal of the Trustee.

Annual Tax Information. (a) The Trustee shall file or cause to be filed, within the time limits established by law, federal and state income tax returns and information statements as a grantor trust for each of the Trust's taxable years. The Trust's taxable year shall be the calendar year unless otherwise required by law. Notwithstanding any other provision of the Trust Agreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting distributions to, or receipts of amounts on behalf of, Holders that the Trustee reasonably believes are applicable under the Code. The consent of the Holders shall not be required for such withholding. The Trustee shall in no event cause the Trust, and each Holder of Up-MACRO Tradeable Shares by its purchase thereof shall be deemed to have agreed not to make any election to cause the Trust, to be treated as a corporation for federal income tax purposes. The Administrative Agent and the Depositor, upon request, shall each furnish the Trustee with any information known to it that may be reasonably required in connection with its duties set forth in this Section 7.1. (b) In no event shall the Trustee be personally liable for any taxes or other governmental charges imposed upon or in respect of the Up-MACRO Tradeable Shares, which it may be required to pay under any present or future law of the United States of America or of any other taxing authority having jurisdiction in the premises. For all such taxes and charges and for any expenses, including counsel's fees, which the Trustee may sustain or incur with respect to such taxes or charges, the Trustee shall be reimbursed and indemnified out of the assets of the Up-MACRO Holding Trust in accordance with the Up-MACRO Holding Trust Agreement. Any payments by the Trustee shall be subject to withholding regulations then in force with respect to the United Untied States taxes. This paragraph shall survive notwithstanding any termination of this Trust Agreement and the Up-MACRO Holding Trust or the resignation or removal of the Trustee.

Annual Tax Information. (a) The Trustee shall file or cause to be filed, within the time limits established by law, federal and state income tax returns and information statements as a grantor trust for each of the Trust's taxable years. The Trust's taxable year shall be the calendar year unless otherwise required by law. Notwithstanding any other provision of the Trust Agreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting distributions to, or receipts of amounts on behalf of, Holders that the Trustee reasonably believes are applicable under the Code. The consent of the Holders shall not be required for such withholding. The Trustee shall in no event cause the Trust, and each Holder of UpDown-MACRO Tradeable Shares by its purchase thereof shall be deemed to have agreed not to make any election to cause the Trust, to be treated as a corporation for federal income tax purposes. The [Administrative Agent and the the] Depositor, upon request, shall each [each] furnish the Trustee with any information known to it that may be reasonably required in connection with its duties set forth in this Section 7.1. (b) In no event shall the Trustee be personally liable for any taxes or other governmental charges imposed upon or in respect of the UpDown-MACRO Tradeable Shares, which it may be required to pay under any present or future law of the United States of America or of any other taxing authority having jurisdiction in the premises. For all such taxes and charges and for any expenses, including counsel's fees, which the Trustee may sustain or incur with respect to such taxes or charges, the Trustee shall be reimbursed and indemnified out of the assets of the UpDown-MACRO Holding Trust in accordance with the UpDown-MACRO Holding Trust Agreement. Any payments by the Trustee shall be subject to withholding regulations then in force with respect to the United Untied States taxes. This paragraph shall survive notwithstanding any termination of this Trust Agreement and the UpDown-MACRO Holding Trust or the resignation or removal of the Trustee.

Annual Tax Information. (a) The Trustee shall file or cause to be filed, within the time limits established by law, federal and state income tax returns and information statements as a grantor trust for each of the Trust's taxable years. The Trust's taxable year shall be the calendar [calendar] year unless otherwise required by law. Notwithstanding any other provision of the Trust Agreement to the contrary, the Trustee shall comply with all federal withholding requirements respecting distributions to, or receipts of amounts on behalf of, Holders that the Trustee reasonably believes are applicable under the Code. The consent of the Holders shall not be required for such withholding. The Trustee shall in no event cause the Trust, and each Holder of Up-MACRO Tradeable Shares by its purchase thereof shall be deemed to have agreed not to make any election to cause the Trust, to be treated as a corporation for federal income tax purposes. The [Administrative Agent and the the] Depositor, upon request, shall each [each] furnish the Trustee with any information known to it that may be reasonably required in connection with its duties set forth in this Section 7.1. (b) In no event shall the Trustee be personally liable for any taxes or other governmental charges imposed upon or in respect of the Up-MACRO Tradeable Shares, which it may be required to pay under any present or future law of the United States of America or of any other taxing authority having jurisdiction in the premises. For all such taxes and charges and for any expenses, including counsel's fees, which the Trustee may sustain or incur with respect to such taxes or charges, the Trustee shall be reimbursed and indemnified out of the assets of the Up-MACRO Holding Trust in accordance with the Up-MACRO Holding Trust Agreement. Any payments by the Trustee shall be subject to withholding regulations then in force with respect to the United Untied States taxes. This paragraph shall survive notwithstanding any termination of this Trust Agreement and the Up-MACRO Holding Trust or the resignation or removal of the Trustee.