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

Calculation of Income Distribution Payments and Settlement Payments. (a) On the last Price Determination Day preceding each Distribution Date, within the time period agreed upon by the Trustee and the Administrative Agent, the Trustee shall calculate the Up Income Distribution Payment, if any, that the Up Trust is required to make to the Down Trust on the related Distribution Payment Date or the Down Income Distribution Payment, if any, that the Down Trust is required to make to the Up Trust on the related Distribution Payment Date pursuant to the Income Distribution Agreement. The Trustee shall perform the calculations described in this Section 4.3(a) (including, without limitation, with respect to an Early Termination Date) by assuming that the Applicable Reference Price of Crude Oil for any Price Determination Day on which such price was not available or on which the Up Trust was no longer permitted to use such price was the same as the Applicable Reference Price of Crude Oil on the last preceding Price Determination Day on which such price was available or permitted to be used by the Up Trust.

Calculation of Income Distribution Payments and Settlement Payments. (a) On the last Price Determination Day preceding each Distribution Date, within the time period agreed upon by the Trustee and the Administrative Agent, the Trustee shall calculate the Down Income Distribution Payment, if any, that the Down Trust is required to make to the Up Trust on the related Distribution Payment Date or the Up Income Distribution Payment, if any, that the Up Trust is required to make to the Down Trust on the related Distribution Payment Date or the Down Income Distribution Payment, if any, that the Down Trust is required to make to the Up Trust on the related Distribution Payment Date pursuant to the Income Distribution Agreement. The Trustee shall perform the calculations described in this Section 4.3(a) (including, without limitation, with respect to an Early Termination Date) by assuming that the Applicable Reference Price of Crude Oil for any Price Determination Day on which such price was not available or on which the Up Down Trust was no longer permitted to use such price was the same as the Applicable Reference Price of Crude Oil on the last preceding Price Determination Day on which such price was available or permitted to be used by the Up Down Trust.