Common use of Calculation of Income Distribution Payments and Settlement Payments Clause in Contracts

Calculation of Income Distribution Payments and Settlement Payments. (a) Prior to each Distribution Date (i) the Administrative Agent shall use the Price Level Percentage Change for the last Price Determination Day preceding such Distribution Date to calculate the Down-MACRO Income Distribution Payment, if any, that the Down-MACRO Holding Trust is required to make to the Up-MACRO Holding Trust on such Distribution Date or the Up-MACRO Income Distribution Payment, if any, that the -MACRO Holding Trust is required to make to the Down-MACRO Holding Trust on such Distribution Date pursuant to the Income Distribution Agreement. (b) On the Final Scheduled Termination Date, an Early Termination Date or any Redemption Date, the Administrative Agent shall use the Price Level Percentage Change to determine the Down-MACRO Settlement Payment, if any, that is payable by the Down-MACRO Holding Trust to the Up-MACRO Holding Trust or the Up-MACRO Settlement Payment, if any, that is payable to the Down-MACRO Holding Trust by the Up-MACRO Holding Trust pursuant to the Settlement Contracts that are being settled on such Final Scheduled Termination Date, Early Termination Date or Redemption Date.

Calculation of Income Distribution Payments and Settlement Payments. (a) Prior to each Distribution Date (i) the Administrative Agent shall use the Price Level Percentage Change for the last Price Determination Day preceding such Distribution Date to calculate the Up-MACRO Income Distribution Payment, if any, that the Up-MACRO Holding Trust is required to make to the Down-MACRO Holding Trust on such Distribution Date or the Down-MACRO Income Distribution Payment, if any, that the Down-MACRO Holding Trust is required to make to the Up-MACRO Holding Trust on such Distribution Date or the Up-MACRO Income Distribution Payment, if any, that the -MACRO Holding Trust is required to make to the Down-MACRO Holding Trust on such Distribution Date pursuant to the Income Distribution Agreement. (b) On the Final Scheduled Termination Date, an Early Termination Date or any Redemption Date, the Administrative Agent shall use the Price Level Percentage Change to determine the DownUp-MACRO Settlement Payment, if any, that is payable by the DownUp-MACRO Holding Trust to the UpDown-MACRO Holding Trust or the UpDown-MACRO Settlement Payment, if any, that is payable to the DownUp-MACRO Holding Trust by the UpDown-MACRO Holding Trust pursuant to the Settlement Contracts that are being settled on such Final Scheduled Termination Date, Early Termination Date or Redemption Date.