Common use of Establishment of the Fee Payment Account Clause in Contracts

Establishment of the Fee Payment Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the Up-MACRO holding trust, an Eligible Deposit Account bearing a designation that the funds deposited therein are held for the benefit of the Depositor (the "Fee Payment Account"). (b) The Fee Payment Account shall initially be established with the Trustee. The Trustee shall possess all right, title and interest in and to all funds on deposit from time to time in the Fee Payment Account and in all proceeds thereof. The Fee Payment Account shall be under the sole dominion and control of the Trustee for the benefit of the Depositor. (c) On each Distribution Date, the Trustee shall deposit an amount equal to the Up-MACRO Fee Deposit into the Fee Payment Account and shall use such funds, based on standing instructions from the Depositor, to pay all Up-MACRO Expenses and all Up-MACRO Fees pursuant to priority first and second of Section 5.2(a) on the related Distribution Payment Date. (d) On each Distribution Payment Date, all funds remaining on deposit in the Fee Payment Account after the Up-MACRO Expenses and Up-MACRO Fees have been paid in full shall be delivered by the Trustee to the Depositor.

Establishment of the Fee Payment Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the UpDown-MACRO holding trust, an Eligible Deposit Account bearing a designation that the funds deposited therein are held for the benefit of the Depositor (the "Fee Payment Account"). (b) The Fee Payment Account shall initially be established with the Trustee. The Trustee shall possess all right, title and interest in and to all funds on deposit from time to time in the Fee Payment Account and in all proceeds thereof. The Fee Payment Account shall be under the sole dominion and control of the Trustee for the benefit of the Depositor. (c) On each Distribution Date, the Trustee shall deposit an amount equal to the UpDown-MACRO Fee Deposit into the Fee Payment Account and shall use such funds, based on standing instructions from the Depositor, to pay all UpDown-MACRO Expenses and all UpDown-MACRO Fees pursuant to priority first and second of Section 5.2(a) on the related Distribution Payment Date. (d) On each Distribution Payment Date, all funds remaining on deposit in the Fee Payment Account after the UpDown-MACRO Expenses and UpDown-MACRO Fees have been paid in full shall be delivered by the Trustee to the Depositor.

Establishment of the Fee Payment Account. (a) The Trustee shall establish and maintain in the name of the Trustee, on behalf of the UpDown-MACRO holding trustHolding Trust, an Eligible Deposit Account bearing a designation that the funds deposited therein are held for the benefit of the Depositor (the "Fee Payment Account"). (b) The Fee Payment Account shall initially be established with the Trustee. The Trustee shall possess all right, title and interest in and to all funds on deposit from time to time in the Fee Payment Account and in all proceeds thereof. The Fee Payment Account shall be under the sole dominion and control of the Trustee for the benefit of the Depositor. (c) On each Distribution Date, the Trustee shall deposit an amount equal to the UpDown-MACRO Fee Deposit Deduction Amount into the Fee Payment Account and shall use such funds, based on standing instructions from the Depositor, to pay all UpDown-MACRO Expenses and all UpDown-MACRO Fees pursuant to priority priorities first and second of Section 5.2(a) on the related Distribution Payment Date. (d) On each Distribution Payment Date, all funds remaining on deposit in the Fee Payment Account after the UpDown-MACRO Expenses and UpDown-MACRO Fees have been paid in full shall be delivered by the Trustee to the Depositor.