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. (b) The Trustee shall calculate on the last calendar day preceding the Final Scheduled Termination Date, an Early Termination Date and the relevant Redemption Date (and provide to the Administrative Agent within the time period agreed upon by the Trustee and the Administrative Agent), (i)(x) the Up Settlement Payment, if any, required to be made by the Up Trust to the Down Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the related Redemption Date or (y) the Down Settlement Payment, if any, required to be made by the Down Trust to the Up Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the relevant Redemption Date, and (ii) the Final Distribution payable to Holders of the Up MacroShares on such Redemption Date, Early Termination Date or Final Scheduled Termination Date. The Trustee shall perform the calculations described in this Section 4.2(b) 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. (c) The Trustee shall confirm the Administrative Agent's determination of the Redemption Cash Component, if any, that must be delivered by the redeeming Authorized Participants in connection with a Paired Optional Redemption not later than the Redemption Order Date for such Paired Optional Redemption.

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. (b) The Trustee shall calculate on the last calendar day preceding the Final Scheduled Termination Date, an Early Termination Date and the relevant Redemption Date (and provide to the Administrative Agent within the time period agreed upon by the Trustee and the Administrative Agent), (i)(x) the Down Settlement Payment, if any, required to be made by the Down Trust to the Up Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the related Redemption Date or (y) the Up Settlement Payment, if any, required to be made by the Up Trust to the Down Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the related Redemption Date or (y) the Down Settlement Payment, if any, required to be made by the Down Trust to the Up Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the relevant Redemption Date, and (ii) the Final Distribution payable to Holders of the Up Down MacroShares on such Redemption Date, Early Termination Date or Final Scheduled Termination Date. The Trustee shall perform the calculations described in this Section 4.2(b) 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. (c) The Trustee shall confirm the Administrative Agent's determination of the Redemption Cash Component, if any, that must be delivered by the redeeming Authorized Participants in connection with a Paired Optional Redemption not later than the Redemption Order Date for such Paired Optional Redemption.

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. (b) The Trustee shall calculate on the last calendar day preceding the Final Scheduled Termination Date, an Early Termination Date and the relevant Redemption Date (and provide to the Administrative Agent within the time period agreed upon by the Trustee and the Administrative Agent), (i)(x) the Down Settlement Payment, if any, required to be made by the Down Trust to the Up Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the related Redemption Date or (y) the Up Settlement Payment, if any, required to be made by the Up Trust to the Down Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the related Redemption Date or (y) the Down Settlement Payment, if any, required to be made by the Down Trust to the Up Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the relevant Redemption Date, and (ii) the Final Distribution payable to Holders of the Up Down MacroShares on such Redemption Date, Early Termination Date or Final Scheduled Termination Date. The Trustee shall perform the calculations described in this Section 4.2(b4.2(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. (c) The Trustee shall confirm the Administrative Agent's determination of the Redemption Cash Component, if any, that must be delivered by the redeeming Authorized Participants in connection with a Paired Optional Redemption not later than the Redemption Order Date for such Paired Optional Redemption.

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. (b) The Trustee shall calculate on the last calendar day preceding the Final Scheduled Termination Date, an Early Termination Date and the relevant Redemption Date (and provide to the Administrative Agent within the time period agreed upon by the Trustee and the Administrative Agent), (i)(x) the Up Settlement Payment, if any, required to be made by the Up Trust to the Down Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the related Redemption Date or (y) the Down Settlement Payment, if any, required to be made by the Down Trust to the Up Trust under the Settlement Contracts that are being settled in connection with such Final Scheduled Termination Date, such Early Termination Date or the relevant Redemption Date, and (ii) the Final Distribution payable to Holders of the Up MacroShares on such Redemption Date, Early Termination Date or Final Scheduled Termination Date. The Trustee shall perform the calculations described in this Section 4.2(b4.2(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. (c) The Trustee shall confirm the Administrative Agent's determination of the Redemption Cash Component, if any, that must be delivered by the redeeming Authorized Participants in connection with a Paired Optional Redemption not later than the Redemption Order Date for such Paired Optional Redemption.