Common use of Limited Purpose of the Up Trust Clause in Contracts

Limited Purpose of the Up Trust. The Up Trust shall not engage in any business or activity other than those specified in this Section 2.3 or any activity that is incidental and necessary to carrying out the business or activities enumerated by this Section 2.3 The exclusive purposes and functions of the Up Trust consist of: (i) redeeming the Founders' Shares on the first Issuance Date; (ii) issuing Up MacroShares in Paired Issuances and redeeming Up MacroShares in Paired Optional Redemptions on a continuous basis in accordance with the provisions and subject to the conditions set forth in this Trust Agreement; (iii) entering into the Income Distribution Agreement and the Settlement Contracts with the Down Trust; (iv) entering into the other Transaction Documents with the other parties thereto; and (v) investing cash available from time to time in the Distribution Account in Eligible Treasuries.

Limited Purpose of the Up Trust. The Up Trust shall not engage in any business or activity other than those specified in this Section 2.3 or any activity that is incidental and necessary to carrying out the business or activities enumerated by this Section 2.3 The exclusive purposes and functions of the Up Trust consist of: (i) redeeming the Founders' Shares on the first Issuance Date; (ii) issuing Up MacroShares in Paired Issuances and redeeming Up MacroShares in Paired Optional Redemptions on a continuous basis in accordance with the provisions and subject to the conditions set forth in this Trust Agreement; (iii) entering into the Income Distribution Agreement and the Settlement Contracts with the Down Trust; (iv) entering into the other Transaction Documents and the Placement Agency Agreement with the other parties thereto; and (v) investing cash available from time to time in the Distribution Account in Eligible Treasuries.