Common use of Liquidation; Redemption Clause in Contracts

Liquidation; Redemption. (a) Following the termination of the Down-MACRO Holding Trust pursuant to Section 11.1 or 11.2 of the Down-MACRO Holding Trust Agreement, the Trust shall distribute to the Holders the Final Distribution on all Outstanding Down-MACRO Holding Shares being redeemed and received by the Trust on the Down-MACRO Holding Shares, and subsequently liquidate as soon as practicable after the Down-MACRO Holding Trust has made its Final Distribution. (b) Distributions made upon a liquidation of the Trust pursuant to Section 8.2(a) shall be applied directly to the Holders, Pro Rata. (c) Upon completion of the winding up of the Trust and the distribution of the Trust's assets following a liquidation, the Trustee shall use its best efforts to liquidate the Trust within 30 days of the dissolution of the Trust in accordance with Section 8.1. (d) The provisions of Section 3.5, Section 3.6 and Article 10 and Section 14.3 shall survive the termination of the Trust.

Liquidation; Redemption. (a) Following the termination of the DownUp-MACRO Holding Trust pursuant to Section 11.1 or 11.2 of the DownUp-MACRO Holding Trust Agreement, the Trust shall distribute to the Holders the Final Distribution on all Outstanding DownUp-MACRO Holding Shares being redeemed and received by the Trust on the DownUp-MACRO Holding Shares, and subsequently liquidate as soon as practicable after the DownUp-MACRO Holding Trust has made its Final Distribution. (b) Distributions made upon a liquidation of the Trust pursuant to Section 8.2(a) shall be applied directly to the Holders, Pro Rata. (c) Upon completion of the winding up of the Trust and the distribution of the Trust's assets following a liquidation, the Trustee shall use its best efforts to liquidate the Trust within 30 days of the dissolution of the Trust in accordance with Section 8.1. (d) The provisions of Section 3.5, Section 3.6 and 3.6, Article 10 and Section 14.3 shall survive the termination of the Trust.

Liquidation; Redemption. (a) Following the termination of the DownUp-MACRO Holding Trust pursuant to Section 11.1 or 11.2 of the DownUp-MACRO Holding Trust Agreement, the Trust shall distribute to the Holders the Final Distribution on all Outstanding DownUp-MACRO Holding Shares being redeemed and received by the Trust on the DownUp-MACRO Holding Shares, and subsequently liquidate as soon as practicable after the DownUp-MACRO Holding Trust has made its Final Distribution. (b) Distributions made upon a liquidation of the Trust pursuant to Section 8.2(a) shall be applied directly to the Holders, Pro Rata. (c) Upon completion of the winding up of the Trust and the distribution of the Trust's assets following a liquidation, the Trustee shall use its best efforts to liquidate the Trust within 30 days of the dissolution of the Trust in accordance with Section 8.1. (d) The provisions of Section 3.5, Section 3.6 and Article 10 and Section 14.3 shall survive the termination of the Trust.

Liquidation; Redemption. (a) Following the termination of the Down-MACRO Holding Trust pursuant to Section 11.1 or 11.2 of the Down-MACRO Holding Trust Agreement, the Trust shall distribute to the Holders the Final Distribution on all Outstanding Down-MACRO Holding Shares being redeemed and received by the Trust on the Down-MACRO Holding Shares, and subsequently liquidate as soon as practicable after the Down-MACRO Holding Trust has made its Final Distribution. (b) Distributions made upon a liquidation of the Trust pursuant to Section 8.2(a) shall be applied directly to the Holders, Pro Rata. (c) Upon completion of the winding up of the Trust and the distribution of the Trust's assets following a liquidation, the Trustee shall use its best efforts to liquidate the Trust within 30 days of the dissolution of the Trust in accordance with Section 8.1. (d) The provisions of Section 3.5, Section 3.6 and 3.6, Article 10 and Section 14.3 shall survive the termination of the Trust.