Common use of Order Placement Clause in Contracts

Order Placement. (a) To create one or more MacroShares Units, Authorized Participants must follow the procedures for creation set forth in Section 3 of these Standard Terms and the procedures for the applicable set of Paired Trusts described in the applicable Supplement (with respect to each set of Paired Trusts, the "Applicable Creation Procedures"), as such Applicable Creation Procedures may be amended, modified or supplemented from time to time. (b) To redeem MacroShares constituting one or more MacroShares Units for cash or for cash and/or Eligible Treasuries, Authorized Participants must follow the procedures for redemption set forth in Section 4 of these Standard Terms and the procedures for the applicable set of Paired Trusts described in the applicable Supplement (with respect to each set of Paired Trusts, the "Applicable Redemption Procedures" and, together with the Creation Procedures, the "Applicable Procedures"), as each such set of Applicable Redemption Procedures may be amended, modified or supplemented from time to time. (c) The Attachment hereto containing the form of Supplement applicable to each set of Paired Trusts is specified in Schedule II hereto.

Order Placement. (a) To create one or more MacroShares Units, Authorized Participants must follow the procedures for creation set forth in Section 3 of these Standard Terms this Participants Agreement and the procedures for the applicable set of Paired Trusts described in the applicable Supplement Attachment A attached hereto (with respect to each set of Paired Trusts, the "Applicable Creation Procedures"), as such Applicable Creation Procedures each may be amended, modified or supplemented from time to time. (b) To redeem MacroShares constituting one or more MacroShares Units for cash or for cash and/or Eligible Treasuries, Authorized Participants must follow the procedures for redemption set forth in Section 4 of these Standard Terms this Participants Agreement and the procedures for the applicable set of Paired Trusts described in the applicable Supplement Attachment B attached hereto (with respect to each set of Paired Trusts, the "Applicable Redemption Procedures" and, together with the Creation Procedures, the "Applicable Procedures"), as each such set of Applicable Redemption Procedures may be amended, modified or supplemented from time to time. (c) The Attachment hereto containing the form of Supplement applicable to each set of Paired Trusts is specified in Schedule II hereto.

Order Placement. (a) To create one or more MacroShares Units, Authorized Participants must follow the procedures for creation set forth in Section 3 of these Standard Terms and the procedures for the applicable set of Paired Trusts described in the applicable Supplement (with respect to each set of Paired Trusts, the "“Applicable Creation Procedures"”), as such Applicable Creation Procedures may be amended, modified or supplemented from time to time. (b) To redeem MacroShares constituting one or more MacroShares Units for cash or for cash and/or Eligible Treasuries, Authorized Participants must follow the procedures for redemption set forth in Section 4 of these Standard Terms and the procedures for the applicable set of Paired Trusts described in the applicable Supplement (with respect to each set of Paired Trusts, the "“Applicable Redemption Procedures" ” and, together with the Creation Procedures, the "“Applicable Procedures"”), as each such set of Applicable Redemption Procedures may be amended, modified or supplemented from time to time. (c) The Attachment hereto containing the form of Supplement applicable to each set of Paired Trusts is specified in Schedule II hereto.