Common use of Books and Records, Taxes and Audits Clause in Contracts

Books and Records, Taxes and Audits. (a) The Trustee shall keep proper books of record and account of all the transactions under this Trust Agreement at its Corporate Trust Office or such office as it may subsequently designate upon notice to the other parties hereto. The books and records of the Trustee maintained by the Trustee shall be open to inspection by any person establishing to the Trustee's reasonable satisfaction that such person is a Beneficial Owner upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. The Trustee shall keep proper record of the creation of the Up-MACRO Tradeable Shares and redemption of Up-MACRO Tradeable Shares at its Corporate Trust Office. Such records shall be open to inspection upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. Such records shall be preserved for such times as the Depositor may direct. (b) The Trustee shall provide the Depositor and the Administrative Agent such financial and other information regarding the operation of the Up-MACRO Tradeable Trust as may be required for the Depositor to prepare such reports and filings required under the federal securities laws as provided in Section 2.4 hereof and Section 15.2 of the Up-MACRO Holding Trust Agreement. Unless otherwise required by applicable law or regulation, the Depositor shall be responsible for any certification of any such reports or the contents thereof and shall receive from the Trustee such representations with respect to information within the Trustee's control as shall be required for the Depositor to make such certification. (c) The accounts of the Up-MACRO Tradeable Trust shall be audited, as required by law and as may be directed by the Depositor, by independent certified public accountants designated from time to time by the Depositor and the cost of such audit shall be borne by the Up-MACRO Holding Trust. The report of such accountants shall be furnished by the Trustee to the Beneficial Owners upon request.

Books and Records, Taxes and Audits. (a) The Trustee shall keep proper books of record and account of all the transactions under this Trust Agreement at its Corporate Trust Office office located in [Boston, Massachusetts] or such office as it may subsequently designate upon notice to the other parties hereto. The books and records of the Trustee maintained by the Trustee shall be open to inspection by any person establishing to the Trustee's reasonable satisfaction that such person is a Beneficial Owner upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. The Trustee shall keep proper record of the creation of the UpDown-MACRO Tradeable Shares and redemption of UpDown-MACRO Tradeable Shares at its Corporate Trust Officeoffices located in [Boston, Massachusetts]. Such records shall be open to inspection upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. Such records shall be preserved for such times as the Depositor may direct. (b) The Trustee shall provide the Depositor and the Administrative Agent such financial and other information regarding the operation of the UpDown-MACRO Tradeable Trust as may be required for the Depositor to prepare such reports and filings required under the federal securities laws as provided in Section 2.4 hereof and Section 15.2 of the Up-MACRO Holding Trust Agreement15.2. Unless otherwise required by applicable law or regulation, the Depositor shall be responsible for any certification of any such reports or the contents thereof and shall receive from the Trustee such representations with respect to information within the Trustee's control as shall be required for the Depositor to make such certification. (c) The accounts of the UpDown-MACRO Tradeable Holding Trust shall be audited, as required by law and as may be directed by the Depositor, by independent certified public accountants designated from time to time by the Depositor and the cost of such audit shall be borne by the Up-MACRO Holding TrustTrustee. The report of such accountants shall be furnished by the Trustee to the Beneficial Owners upon request.

Books and Records, Taxes and Audits. (a) The Trustee shall keep proper books of record and account of all the transactions under this Trust Agreement at its Corporate Trust Office office located in [ ] or such office as it may subsequently designate upon notice to the other parties hereto. The books and records of the Trustee maintained by the Trustee shall be open to inspection by any person establishing to the Trustee's reasonable satisfaction that such person is a Beneficial Owner upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. The Trustee shall keep proper record of the creation of the Up-MACRO Tradeable Shares and redemption of Up-MACRO Tradeable Shares at its Corporate Trust Officeoffices located in [ ]. Such records shall be open to inspection upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. Such records shall be preserved for such times as the Depositor may direct. (b) The Trustee shall provide the Depositor and the Administrative Agent such financial and other information regarding the operation of the Up-MACRO Tradeable Trust as may be required for the Depositor to prepare such reports and filings required under the federal securities laws as provided in Section 2.4 hereof and Section 15.2 of the Up-MACRO Holding Trust Agreement15.2. Unless otherwise required by applicable law or regulation, the Depositor shall be responsible for any certification of any such reports or the contents thereof and shall receive from the Trustee such representations with respect to information within the Trustee's control as shall be required for the Depositor to make such certification. (c) The accounts of the Up-MACRO Tradeable Holding Trust shall be audited, as required by law and as may be directed by the Depositor, by independent certified public accountants designated from time to time by the Depositor and the cost of such audit shall be borne by the Up-MACRO Holding TrustTrustee. The report of such accountants shall be furnished by the Trustee to the Beneficial Owners upon request.

Books and Records, Taxes and Audits. (a) The Trustee shall keep proper books of record and account of all the transactions under this Trust Agreement at its Corporate Trust Office office located in [Boston, Massachusetts] or such office as it may subsequently designate upon notice to the other parties hereto. The books and records of the Trustee maintained by the Trustee shall be open to inspection by any person establishing to the Trustee's reasonable satisfaction that such person is a Beneficial Owner upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. The Trustee shall keep proper record of the creation of the Up-MACRO Tradeable Shares and redemption of Up-MACRO Tradeable Shares at its Corporate Trust Officeoffices located in [Boston, Massachusetts]. Such records shall be open to inspection upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. Such records shall be preserved for such times as the Depositor may direct. (b) The Trustee shall provide the Depositor and the Administrative Agent such financial and other information regarding the operation of the Up-MACRO Tradeable Trust as may be required for the Depositor to prepare such reports and filings required under the federal securities laws as provided in Section 2.4 hereof and Section 15.2 of the Up-MACRO Holding Trust Agreement15.2. Unless otherwise required by applicable law or regulation, the Depositor shall be responsible for any certification of any such reports or the contents thereof and shall receive from the Trustee such representations with respect to information within the Trustee's control as shall be required for the Depositor to make such certification. (c) The accounts of the Up-MACRO Tradeable Holding Trust shall be audited, as required by law and as may be directed by the Depositor, by independent certified public accountants designated from time to time by the Depositor and the cost of such audit shall be borne by the Up-MACRO Holding TrustTrustee. The report of such accountants shall be furnished by the Trustee to the Beneficial Owners upon request.

Books and Records, Taxes and Audits. (a) The Trustee shall keep proper books of record and account of all the transactions under this Trust Agreement at its Corporate Trust Office or such office as it may subsequently designate upon notice to the other parties hereto. The books and records of the Trustee maintained by the Trustee shall be open to inspection by any person establishing to the Trustee's reasonable satisfaction that such person is a Beneficial Owner upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. The Trustee shall keep proper record of the creation of the UpDown-MACRO Tradeable Shares and redemption of UpDown-MACRO Tradeable Shares at its Corporate Trust Office. Such records shall be open to inspection upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. Such records shall be preserved for such times as the Depositor may direct. (b) The Trustee shall provide the Depositor and the Administrative Agent such financial and other information regarding the operation of the UpDown-MACRO Tradeable Trust as may be required for the Depositor to prepare such reports and filings required under the federal securities laws as provided in Section 2.4 hereof and Section 15.2 of the UpDown-MACRO Holding Trust Agreement. Unless otherwise required by applicable law or regulation, the Depositor shall be responsible for any certification of any such reports or the contents thereof and shall receive from the Trustee such representations with respect to information within the Trustee's control as shall be required for the Depositor to make such certification. (c) The accounts of the UpDown-MACRO Tradeable Trust shall be audited, as required by law and as may be directed by the Depositor, by independent certified public accountants designated from time to time by the Depositor and the cost of such audit shall be borne by the UpDown-MACRO Holding Trust. The report of such accountants shall be furnished by the Trustee to the Beneficial Owners upon request.

Books and Records, Taxes and Audits. (a) The Trustee shall keep proper books of record and account of all the transactions under this Trust Agreement at its Corporate Trust Office office located in [ ] or such office as it may subsequently designate upon notice to the other parties hereto. The books and records of the Trustee maintained by the Trustee shall be open to inspection by any person establishing to the Trustee's reasonable satisfaction that such person is a Beneficial Owner upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. The Trustee shall keep proper record of the creation of the UpDown-MACRO Tradeable Shares and redemption of UpDown-MACRO Tradeable Shares at its Corporate Trust Officeoffices located in [ ]. Such records shall be open to inspection upon reasonable advance notice at all reasonable times during the usual business hours of the Trustee. Such records shall be preserved for such times as the Depositor may direct. (b) The Trustee shall provide the Depositor and the Administrative Agent such financial and other information regarding the operation of the UpDown-MACRO Tradeable Trust as may be required for the Depositor to prepare such reports and filings required under the federal securities laws as provided in Section 2.4 hereof and Section 15.2 of the Up-MACRO Holding Trust Agreement15.2. Unless otherwise required by applicable law or regulation, the Depositor shall be responsible for any certification of any such reports or the contents thereof and shall receive from the Trustee such representations with respect to information within the Trustee's control as shall be required for the Depositor to make such certification. (c) The accounts of the UpDown-MACRO Tradeable Holding Trust shall be audited, as required by law and as may be directed by the Depositor, by independent certified public accountants designated from time to time by the Depositor and the cost of such audit shall be borne by the Up-MACRO Holding TrustTrustee. The report of such accountants shall be furnished by the Trustee to the Beneficial Owners upon request.