Common use of Final Distributions Clause in Contracts

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares on such Record Date. (ii) On the Redemption Date for a Paired Optional Redemption directed on a Distribution Date, the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final Distribution provided for under priority third of clause (a) above in cash. (iii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date the Trustee shall distribute the Final Distribution for such Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify a portion of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is equal to the product of the applicable Up-MACRO Redemption Percentage for such Paired Optional Redemption and the Up-MACRO Asset Amount on the Redemption Order Date or the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value equal to the Up-MACRO Settlement Payment that is owed, if any, under each Settlement Contract that is being settled in connection with such Paired Optional Redemption to the Down-MACRO Holding Trustee and deliver the remaining Eligible Treasuries that were segregated, together with the Down-MACRO Settlement Payment, if any, that was received from the Down-MACRO Holding Trust, to the Authorized Participants who delivered the Redemption Order on such Redemption Order Date in accordance with the procedures specified in Section 6.1(d).

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the UpDown-MACRO Holding Shares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of UpDown-MACRO Holding Shares on such Record Date. (ii) On the Redemption Date for a Paired Optional Redemption directed on a Distribution Date, the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final Distribution provided for under priority third of clause (a) above in cash. (iii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date the Trustee shall distribute the Final Distribution for such Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify a portion of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is equal to the product of the applicable UpDown-MACRO Redemption Percentage for such Paired Optional Redemption and the UpDown-MACRO Asset Amount on the Redemption Order Date or the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value equal to the UpDown-MACRO Settlement Payment that is owed, if any, under each Settlement Contract that is being settled in connection with such Paired Optional Redemption to the DownUp-MACRO Holding Trustee and deliver the remaining Eligible Treasuries that were segregated, together with the DownUp-MACRO Settlement Payment, if any, that was received from the DownUp-MACRO Holding Trust, to the Authorized Participants who delivered the Redemption Order on such Redemption Order Date in accordance with the procedures specified in Section 6.1(d).

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares Up MacroShares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares Up MacroShares on such Record Date. (ii) On the Redemption Date for a Paired Optional Redemption directed on a Distribution Date, the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final Distribution provided for under priority third of clause (a) above in cash. (iii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date Date, the Trustee shall distribute the Final Distribution for such Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify and segregate a portion of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is equal to the product of the applicable Up-MACRO Up Redemption Percentage for such Paired Optional Redemption and the Up-MACRO Up Asset Amount on the Redemption Order Date or the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value equal to the Up-MACRO Up Settlement Payment that is owed, if any, under each Settlement Contract that is being settled in connection with such Paired Optional Redemption to the Down-MACRO Holding Down Trustee and deliver the remaining Eligible Treasuries that were segregated, together with the Down-MACRO Down Settlement Payment, if any, that was received from the Down-MACRO Holding Down Trust, to the Authorized Participants who delivered the Redemption Order on such Redemption Order Date in accordance with the procedures specified in Section 6.1(d).

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares Down MacroShares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares Down MacroShares on such Record Date. (ii) On the Redemption Date for a Paired Optional Redemption directed on a Distribution Date, the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final Distribution provided for under priority third of clause (a) above in cash. (iii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date Date, the Trustee shall distribute the Final Distribution for such Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify and segregate a portion of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is equal to the product of the applicable Up-MACRO Down Redemption Percentage for such Paired Optional Redemption and the Up-MACRO Down Asset Amount on the Redemption Order Date or the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value equal to the Up-MACRO Down Settlement Payment that is owed, if any, under each Settlement Contract that is being settled in connection with such Paired Optional Redemption to the Down-MACRO Holding Up Trustee and deliver the remaining Eligible Treasuries that were segregated, together with the Down-MACRO Up Settlement Payment, if any, that was received from the Down-MACRO Holding Up Trust, to the Authorized Participants who delivered the Redemption Order on such Redemption Order Date in accordance with the procedures specified in Section 6.1(d).

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares Up MacroShares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares Up MacroShares on such Record Date. (ii) On the Redemption Date for a Paired Optional Redemption directed on a Distribution Date, the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final Distribution provided for under priority third of clause (a) above in cash. (iii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date Date, the Trustee shall distribute the Final Distribution for such Paired Optional Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify and segregate a portion of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is equal to the product of the applicable Up-MACRO Up Redemption Percentage for such Paired Optional Redemption and the Up-MACRO Up Asset Amount on the Redemption Order Valuation Date or the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value equal to the Up-MACRO Up Settlement Payment that is owed, if any, under each Settlement Contract that is being settled in connection with such Paired Optional Redemption to the Down-MACRO Holding Down Trustee and deliver the remaining Eligible Treasuries that were segregated, together with the Down-MACRO Down Settlement Payment, if any, that was received from the Down-MACRO Holding Down Trust, to the Authorized Participants who delivered the Redemption Order on such Redemption Order Date in accordance with the procedures specified in Section 6.1(d).

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares Down MacroShares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares Down MacroShares on such Record Date. (ii) On the Redemption Date for a Paired Optional Redemption directed on a Distribution Date, the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final Distribution provided for under priority third of clause (a) above in cash. (iii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date Date, the Trustee shall distribute the Final Distribution for such Paired Optional Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify and segregate a portion of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is equal to the product of the applicable Up-MACRO Down Redemption Percentage for such Paired Optional Redemption and the Up-MACRO Down Asset Amount on the Redemption Order Valuation Date or the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value equal to the Up-MACRO Down Settlement Payment that is owed, if any, under each Settlement Contract that is being settled in connection with such Paired Optional Redemption to the Down-MACRO Holding Up Trustee and deliver the remaining Eligible Treasuries that were segregated, together with the Down-MACRO Up Settlement Payment, if any, that was received from the Down-MACRO Holding Up Trust, to the Authorized Participants who delivered the Redemption Order on such Redemption Order Date in accordance with the procedures specified in Section 6.1(d).

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof The amount to be paid by the Depository Depositor to each Person who was the Collection Account with respect to the Certificates in connection with a Beneficial Owner purchase of Up-MACRO Holding Shares on such Record Datethe Certificates pursuant to Section 2.03 of the Agreement shall equal the Reassignment Amount for the first Distribution Date following the Collection Period in which the reassignment obligation arises under the Agreement. (iib) On Reassignment Amounts deposited into the Redemption Collection Account pursuant to Section 8.01 of this Series Supplement or Section 2.03 of the Agreement and allocated to the Series 1994-1 Certificates, shall be applied by the Trustee at the direction of the Servicer, not later than 12:00 noon, New York City time, on the Distribution Date for a Paired Optional Redemption directed on which such amounts are deposited (or, if such date is not a Distribution Date, on the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final immediately following Distribution provided for under priority third of clause (aDate) above in cash.as follows: (iiii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date the Trustee shall distribute the Final Distribution for such Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify a portion case of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is Reassignment Amounts which constitute Investor Finance Charge Collections: (A) an amount equal to the product of such Investor Finance Charge Collections and the applicable Up-MACRO Redemption FBC Investor Percentage for such Paired Optional Redemption Distribution Date shall be applied to pay an amount up to the sum of (1) all accrued and the Up-MACRO Asset Amount unpaid interest on the Redemption Order Date or unpaid balance of the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by FBC Invested Amount and (2) the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value FBC Carryover Interest due on such Distribution Date; (B) an amount equal to the Upproduct of such Investor Finance Charge Collections and the VBC Investor Percentage for such Distribution Date shall be applied to pay an amount up to the sum of (1) all accrued and unpaid interest on the unpaid balance of the VBC Invested Amount and (2) the VBC Carryover Interest due on such Distribution Date; and (C) any amount remaining after the foregoing applications shall be reallocated as Investor Principal Collections and applied as provided in paragraph (ii) immediately below; and (ii) in the case of Reassignment Amounts which constitute Investor Principal Collections: (A) an amount equal to the product of such Investor Principal Collections and the FBC Allocation Percentage for such Distribution Date shall be applied to pay an amount up to the FBC Invested Amount; (B) an amount equal to the product of such Investor Principal Collections and the VBC Allocation Percentage for such Distribution Date shall be applied to pay an amount up to the VBC Invested Amount; (C) an amount equal to the product of (x) such Investor Principal Collections, (y) the Subordinated Allocation Percentage for such Distribution Date and (z) the FBC Investor Percentage for such Distribution Date, shall be applied to pay an amount up to the Subordinated Invested Amount (FBC Component); (D) an amount equal to the product of (x) such Investor Principal Collections, (y) the Subordinated Allocation Percentage for such Distribution Date and (z) the VBC Investor Percentage for such Distribution Date, shall be applied to pay an amount up to the Subordinated Invested Amount (VBC Component); and (E) any amount remaining after the foregoing applications shall be distributed to the Holder of the Exchangeable Certificate. (c) Termination Proceeds deposited into the Collection Account pursuant to Section 12.02(c) of the Agreement and allocated to the Series 1994-MACRO Settlement Payment that is owed1 and the Certificates, shall be applied by the Trustee at the direction of the Servicer, not later than 12:00 noon, New York City time, on the Distribution Date on which such amounts are deposited (or, if anysuch date is not a Distribution Date, under each Settlement Contract that is being settled on the immediately following Distribution Date) as follows: (i) in connection with such Paired Optional Redemption the case of Termination Proceeds which constitute Investor Finance Charge Collections: (A) an amount equal to the Downproduct of such Investor Finance Charge Collections and the FBC Investor Percentage for such Distribution Date shall be applied to pay an amount up to the sum of (1) all accrued and unpaid interest on the unpaid balance of the FBC Invested Amount and (2) the FBC Carryover Interest due on such Distribution Date; (B) an amount equal to the product of such Investor Finance Charge Collections and the VBC Investor Percentage for such Distribution Date shall be applied to pay an amount up to the sum of (1) all accrued and unpaid interest on the unpaid balance of the VBC Invested Amount and (2) the VBC Carryover Interest due on such Distribution Date; and (C) any amount remaining after the foregoing applications shall be reallocated as Investor Principal Collections and applied as provided in paragraph (ii) immediately below; and (ii) in the case of Termination Proceeds which constitute Investor Principal Collections: (A) an amount equal to the product of such Investor Principal Collections and the FBC Allocation Percentage for such Distribution Date shall be applied to pay an amount up to the FBC Invested Amount; (B) an amount equal to the product of such Investor Principal Collections and the VBC Allocation Percentage for such Distribution Date shall be applied to pay an amount up to the VBC Invested Amount; (C) an amount equal to the product of (x) such Investor Principal Collections, (y) the Subordinated Allocation Percentage for such Distribution Date and (z) the FBC Investor Percentage for such Distribution Date, shall be applied to pay an amount up to the Subordinated Invested Amount (FBC Component); (D) an amount equal to the product of (x) such Investor Principal Collections, (y) the Subordinated Allocation Percentage for such Distribution Date and (z) the VBC Investor Percentage for such Distribution Date, shall be applied to pay an amount up to the Subordinated Invested Amount (VBC Component); and (E) any amount remaining after the foregoing applications shall be distributed to the Holder of the Exchangeable Certificate. (d) Liquidation Proceeds deposited into the Collection Account pursuant to Section 9.02(b) of the Agreement and allocated to the Series 1994-MACRO Holding 1 Certificates, shall be applied by the Trustee and deliver at the remaining Eligible Treasuries that were segregateddirection of the Servicer, together with not later than 12:00 noon, New York City time, on the Down-MACRO Settlement PaymentDistribution Date on which such amounts are deposited (or, if anysuch date is not a Distribution Date, that was received from on the Down-MACRO Holding Trust, immediately following Distribution Date) as follows: (i) in the case of Liquidation Proceeds which constitute Investor Finance Charge Collections: (A) an amount equal to the Authorized Participants who delivered product of such Investor Finance Charge Collections and the Redemption Order FBC Investor Percentage for such Distribution Date shall be applied to pay an amount up to the sum of (1) all accrued and unpaid interest on the unpaid balance of the FBC Invested Amount and (2) the FBC Carryover Interest due on such Redemption Order Distribution Date; (B) an amount equal to the product of such Investor Finance Charge Collections and the VBC Investor Percentage for such Distribution Date shall be applied to pay an amount up to the sum of (1) all accrued and unpaid interest on the unpaid balance of the VBC Invested Amount and (2) the VBC Carryover Interest due on such Distribution Date; and (C) any amount remaining after the foregoing applications shall be reallocated as Investor Principal Collections and applied as provided in accordance paragraph (ii) immediately below; and (ii) in the case of Liquidation Proceeds which constitute Investor Principal Collections: (A) an amount equal to the product of such Investor Principal Collections and the FBC Allocation Percentage for such Distribution Date shall be applied to pay an amount up to the FBC Invested Amount; (B) an amount equal to the product of such Investor Principal Collections and the VBC Allocation Percentage for such Distribution Date shall be applied to pay an amount up to the VBC Invested Amount; (C) an amount equal to the product of (x) such Investor Principal Collections, (y) the Subordinated Allocation Percentage for such Distribution Date and (z) the FBC Investor Percentage for such Distribution Date, shall be applied to pay an amount up to the Subordinated Invested Amount (FBC Component); (D) an amount equal to the product of (x) such Investor Principal Collections, (y) the Subordinated Allocation Percentage for such Distribution Date and (z) the VBC Investor Percentage for such Distribution Date, shall be applied to pay an amount up to the Subordinated Invested Amount (VBC Component); and (E) any amount remaining after the foregoing applications shall be distributed to the Holder of the Exchangeable Certificate. (e) Notwithstanding anything to the contrary contained in this Series Supplement or the Agreement, any distribution made pursuant to this Section 9.01 shall be deemed to be a final distribution pursuant to Section 12.02 of the Agreement with respect to the procedures specified Certificates. (f) Notwithstanding Section 12.02 of the Agreement, no Certificateholder shall be required to surrender its Investor Certificate(s) in Section 6.1(d)order to receive its final distribution under the Agreement and this Series Supplement.

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares Up MacroShares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares Up MacroShares on such Record Date. (ii) On the Redemption Date for a Paired Optional Redemption directed on a Distribution Date, the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final Distribution provided for under priority third of clause (a) above in cash. (iii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date the Trustee shall distribute the Final Distribution for such Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify and segregate a portion of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is equal to the product of the applicable Up-MACRO Up Redemption Percentage for such Paired Optional Redemption and the Up-MACRO Up Asset Amount on the Redemption Order Date or the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value equal to the Up-MACRO Up Settlement Payment that is owed, if any, under each Settlement Contract that is being settled in connection with such Paired Optional Redemption to the Down-MACRO Holding Down Trustee and deliver the remaining Eligible Treasuries that were segregated, together with the Down-MACRO Down Settlement Payment, if any, that was received from the Down-MACRO Holding Down Trust, to the Authorized Participants who delivered the Redemption Order on such Redemption Order Date in accordance with the procedures specified in Section 6.1(d).

Final Distributions. (i) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up-MACRO Holding Shares Up MacroShares as of the Record Date that preceded such Distribution Payment Date the Final Distribution provided for under priority third of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up-MACRO Holding Shares Up MacroShares on such Record Date. (ii) On the Redemption Date for a Paired Optional Redemption directed on a Distribution Date, the Trustee shall distribute to each Authorized Participant who directed such Paired Optional Redemption the Final Distribution provided for under priority third of clause (a) above in cash. (iii) On the settlement date for any Paired Optional Redemption directed on any Redemption Order Date that was not a Distribution Date the Trustee shall distribute the Final Distribution for such Redemption Order Date to each Authorized Participant who directed such Paired Optional Redemption using cash and/or Eligible Treasuries, as directed by the Administrative Agent. In the event that insufficient cash is on deposit in the Netting Account and the Distribution Account to effect any Paired Optional Redemption, the Trustee, as instructed by the Administrative Agent, will identify a portion of the Eligible Treasuries on deposit in the Securities Account such that the Value of the Eligible Treasuries so identified is equal to the product of the applicable Up-MACRO Up Redemption Percentage for such Paired Optional Redemption and the Up-MACRO Up Asset Amount on the Redemption Order Date or the portion thereof that is not available to be delivered in cash. The Trustee, as instructed by the Administrative Agent, will then deliver Eligible Treasuries and cash with a Value equal to the Up-MACRO Up Settlement Payment that is owed, if any, under each Settlement Contract that is being settled in connection with such Paired Optional Redemption to the Down-MACRO Holding Down Trustee and deliver the remaining Eligible Treasuries that were segregated, together with the Down-MACRO Down Settlement Payment, if any, that was received from the Down-MACRO Holding Down Trust, to the Authorized Participants who delivered the Redemption Order on such Redemption Order Date in accordance with the procedures specified in Section 6.1(d).