Common use of Calculation on Distribution Dates, on Redemption Dates, on an Early Termination Date and on the Final Scheduled Termination Date Clause in Contracts

Calculation on Distribution Dates, on Redemption Dates, on an Early Termination Date and on the Final Scheduled Termination Date. (a) On the last Business Day preceding each Distribution Date, within the time period agreed upon by the Trustee and the Administrative Agent, the Trustee shall calculate (i) 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 and (ii) the Quarterly Distribution payable to Holders of the Up MacroShares on the related Distribution Payment Date. The Trustee shall perform the calculations described in this Section 4.2(a) by assuming that the Reference Value of the Index for any calendar day on which the Index was no longer available to the Paired Trusts or no longer being published was the same as the Reference Value of the Index on the last Index Publication Day on which it was available and being published.

Calculation on Distribution Dates, on Redemption Dates, on an Early Termination Date and on the Final Scheduled Termination Date. (a) On the last Business Day preceding each Distribution Date, within the time period agreed upon by the Trustee and the Administrative Agent, the Trustee shall calculate (i) 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 and (ii) the Quarterly Distribution payable to Holders of the Up Down MacroShares on the related Distribution Payment Date. The Trustee shall perform the calculations described in this Section 4.2(a) by assuming that the Reference Value of the Index for any calendar day on which the Index was no longer available to the Paired Trusts or no longer being published was the same as the Reference Value of the Index on the last Index Publication Day on which it was available and being published.