Common use of Paired Issuances Clause in Contracts

Paired Issuances. (a) On any Price Determination Day that occurs after the Closing Date but prior to the Final Scheduled Termination Date or an Early Termination Date, the Up Trust shall issue additional Up MacroShares contemporaneously with the issuance of additional Down MacroShares in the form of MacroShares Units (such an issuance, a "Paired Issuance") following the receipt of, and in accordance with, a Creation Order delivered by an Authorized Participant and forwarded to the Trustee by the Administrative Agent. Only Authorized Participants may direct Paired Issuances. Up MacroShares will be issued at the Per Share Underlying Value of the existing Up MacroShares on the Issuance Order Date on which the related Creation Order was delivered; provided that in the case of any Creation Order placed on a Distribution Date or on the Business Day succeeding a Distribution Date, the Authorized Participant submitting the Creation Order will be required to deliver, in addition to cash in the amount of the aggregate per share Underlying Value of the Up MacroShares being created, an amount equal to the Up and Down Earned Income Accruals for each intervening day between the Issuance Order Date and the Issuance Date, calculated on the basis of the Applicable Reference Price of Crude Oil on the Issuance Order Date.

Paired Issuances. (a) On any Price Determination Day that occurs after the Closing Date but prior to the Final Scheduled Termination Date or an Early Termination Date, the Up Down Trust shall issue additional Up Down MacroShares contemporaneously with the issuance of additional Down Up MacroShares in the form of MacroShares Units (such an issuance, a "Paired Issuance") following the receipt of, and in accordance with, a Creation Order delivered by an Authorized Participant and forwarded to the Trustee by the Administrative Agent. Only Authorized Participants may direct Paired Issuances. Up Down MacroShares will be issued at the Per Share Underlying Value of the existing Up Down MacroShares on the Issuance Order Date on which the related Creation Order was delivered; provided that in the case of any Creation Order placed on a Distribution Date or on the Business Day succeeding a Distribution Date, the Authorized Participant submitting the Creation Order will be required to deliver, in addition to cash in the amount of the aggregate per share Underlying Value of the Up Down MacroShares being created, an amount equal to the Down and Up and Down Earned Income Accruals for each intervening day between the Issuance Order Date and the Issuance Date, calculated on the basis of the Applicable Reference Price of Crude Oil on the Issuance Order Date.

Paired Issuances. (a) On any Price Determination Business Day that occurs after the Closing Date but prior to the Final Scheduled Termination Date or an Early Termination Date, the Up Trust shall issue additional Up MacroShares contemporaneously with the issuance of additional Down MacroShares in the form of MacroShares Macro Units (such an issuance, a "Paired Issuance") following the receipt of, and in accordance with, a Creation Order delivered by an Authorized Participant and forwarded to the Trustee by the Administrative Agent. Only Authorized Participants may direct Paired Issuances. Up MacroShares will be issued at the Per Share Underlying Value of the existing Up MacroShares on the Issuance Order Date on which the related Creation Order was delivered; provided that in the case of any Creation Order placed on a Distribution Date or on the Business Day succeeding a Distribution Date, the Authorized Participant submitting the Creation Order will be required to deliver, in addition to cash in the amount of the aggregate per share Underlying Value of the Up MacroShares being created, an amount equal to the Up Up-MACRO and Down Earned Income Accruals for each intervening day between the Issuance Order Date and the Issuance Date, calculated on the basis of the Applicable Reference Price Value of Crude Oil Medical Inflation on the Issuance Order Date.