Common use of Paired Subsequent Issuances Clause in Contracts

Paired Subsequent Issuances. (a) At any time following the Closing Date, but prior to the Final Scheduled Termination Date or any Early Termination Date, the Trustee may issue and deliver additional Up-MACRO Holding Shares contemporaneously with the issuance of additional Down-MACRO Holding Shares in the form of MACRO Units (such an issuance, a "Paired Subsequent Issuance") upon instruction from any Authorized Participant. As provided in the Participants Agreement, a Paired Subsequent Issuance may be directed solely by one or more Authorized Participants on any Business Day by delivering a Purchase Order to the Trustee and the Administrative Agent on such Business Day (such date, the "Subsequent Issuance Date"), prior to the earlier of (i) 2:00 p.m., New York City Time, or (ii) half an hour before the end of trading in the futures contracts from which the Applicable Reference Price of Crude Oil is derived, designating, inter alia, (i) the name of the Authorized Participant, (ii) the Submission Number (as defined in the Participants Agreement), (iii) the PIN Number (as defined in the Participants Agreement), (iv) the CUSIP Numbers for the Paired Holding Shares to be created, and (v) the number of Paired Holding Shares to be issued in the form of MACRO Units. On the next Business Day after the Subsequent Issuance Date, not later than 10:00 a.m., New York City Time, the Authorized Participant directing the Paired Subsequent Issuance shall deliver available funds to the Trustee in an amount equal to (i) the Aggregate Par Amount of the Up-MACRO Holding Shares requested by that Authorized Participant, plus (ii) the Aggregate Par Amount of the Down-MACRO Holding Shares requested by that Authorized Participant, plus (iii) the Up-MACRO Income Make-Whole Amount, plus (iv) the Down-MACRO Income Make-Whole Amount. On the same Business Day, upon the satisfaction of the procedures and conditions for a Paired Subsequent Issuance that are specified in the Participants Agreement and no later than [3:00] p.m., New York City Time, the Trustee, acting together with the Down-MACRO Holding Trustee, each on behalf of their respective Paired Holding Trust, shall issue and deliver to the Depository account of the Authorized Participant who directed such Paired Subsequent Issuance, Paired Holding Shares constituting the number of MACRO Units ordered by such Authorized Participant.

Paired Subsequent Issuances. (a) At any time following the Closing Date, but prior to the Final Scheduled Termination Date or any Early Termination Date, the Trustee may shall issue and deliver additional UpDown-MACRO Holding Shares (using, first, any treasury stock it has on deposit in the Treasury Stock Account) contemporaneously with the issuance of additional DownUp-MACRO Holding Shares in the form of MACRO Units (such an issuance, a "Paired Subsequent Issuance") upon instruction from any following the receipt of, and in accordance with, a Creation Order delivered by an Authorized ParticipantParticipant and forwarded to the Trustee by the Administrative Agent. As provided in the Participants Agreement, a Paired Subsequent Issuance may be directed solely by made only upon the direction of one or more Authorized Participants on any Business Day by delivering delivered in the form of a Purchase Creation Order to the Trustee and the Administrative Agent on such any Business Day (such date, the "Subsequent Issuance Date"), prior to the earlier of (i) 2:00 p.m., New York City Time, or (ii) half an hour before the end of trading in the futures contracts from which the Applicable Reference Price of Crude Oil is derived, designating, inter alia, (i) the name of the Authorized Participant, (ii) the Submission Number (as defined in the Participants Agreement), (iii) the PIN Number (as defined in the Participants Agreement), (iv) the CUSIP Numbers for the Paired Holding Shares to be created, and (v) the number of MACRO Units composed of Paired Holding Shares to be issued in and (v) the form number and type of MACRO UnitsHolding Shares to be, concurrently, exchanged to their related tradeable shares. On the next Business Day after the Subsequent Issuance Date, not later than 10:00 a.m., New York City Time, the Authorized Participant directing the Paired Subsequent Issuance shall deliver available funds to the Trustee in an amount equal to (i) the Aggregate Par Amount Down-MACRO Per Share Underlying Value of the UpDown-MACRO Holding Shares requested being created by that Authorized Participant, plus (ii) the Aggregate Par Amount Up-MACRO Per Share Underlying Value of the DownUp-MACRO Holding Shares requested being created by that Authorized Participant, plus (iii) the Upnon-MACRO Income Make-Whole Amount, plus (iv) the Down-MACRO Income Make-Whole Amountrefundable transaction fee as provided below. On the same Business Day, upon the satisfaction of the procedures and conditions for a Paired Subsequent Issuance that are specified in the Participants Agreement and no later than [3:00] 3:00 p.m., New York City Time, the Trustee, acting together with the DownUp-MACRO Holding Trustee, each on behalf of their respective Paired Holding Trust, shall issue and deliver to the Depository account of the Authorized Participant who directed such Paired Subsequent Issuance, Paired Holding Shares constituting the number of MACRO Units ordered by such Authorized Participant., or if so requested, not later than 3:00 p.m. New York City Time on the third Business Day after the Subsequent Issuance Date, the applicable Tradeable Shares, in lieu of all, or part, of the Paired Holding Shares issued

Paired Subsequent Issuances. (a) At any time following the Closing Date, but prior to the Final Scheduled Termination Date or any Early Termination Date, the Trustee may issue and deliver additional UpDown-MACRO Holding Shares contemporaneously with the issuance of additional DownUp-MACRO Holding Shares in the form of MACRO Units (such an issuance, a "Paired Subsequent Issuance") upon instruction from any Authorized Participant. As provided in the Participants Agreement, a Paired Subsequent Issuance may be directed solely by one or more Authorized Participants on any Business Day by delivering a Purchase Order to the Trustee and the Administrative Agent on such Business Day (such date, the "Subsequent Issuance Date"), prior to the earlier of (i) 2:00 p.m., New York City Time, or (ii) half an hour before the end of trading in the futures contracts from which the Applicable Reference Price of Crude Oil is derived, designating, inter alia, (i) the name of the Authorized Participant, (ii) the Submission Number (as defined in the Participants Agreement), (iii) the PIN Number (as defined in the Participants Agreement), (iv) the CUSIP Numbers for the Paired Holding Shares to be created, and (v) the number of Paired Holding Shares to be issued in the form of MACRO Units. On the next Business Day after the Subsequent Issuance Date, not later than 10:00 a.m., New York City Time, the Authorized Participant directing the Paired Subsequent Issuance shall deliver available funds to the Trustee in an amount equal to (i) the Aggregate Par Amount of the UpDown-MACRO Holding Shares requested by that Authorized Participant, plus (ii) the Aggregate Par Amount of the DownUp-MACRO Holding Shares requested by that Authorized Participant, plus (iii) the UpDown-MACRO Income Make-Whole Amount, plus (iv) the DownUp-MACRO Income Make-Whole Amount. On the same Business Day, upon the satisfaction of the procedures and conditions for a Paired Subsequent Issuance that are specified in the Participants Agreement and no later than [3:00] 3:00 p.m., New York City Time, the Trustee, acting together with the DownUp-MACRO Holding Trustee, each on behalf of their respective Paired Holding Trust, shall issue and deliver to the Depository account of the Authorized Participant who directed such Paired Subsequent Issuance, Paired Holding Shares constituting the number of MACRO Units ordered by such Authorized Participant.

Paired Subsequent Issuances. (a) At any time following the Closing Date, but prior to the Final Scheduled Termination Date or any Early Termination Date, the Trustee may shall issue and deliver additional Up-MACRO Holding Shares (using, first, any treasury stock it has on deposit in the Treasury Stock Account) contemporaneously with the issuance of additional Down-MACRO Holding Shares in the form of MACRO Units (such an issuance, a "Paired Subsequent Issuance") upon instruction from any following the receipt of, and in accordance with, a Creation Order delivered by an Authorized ParticipantParticipant and forwarded to the Trustee by the Administrative Agent. As provided in the Participants Agreement, a Paired Subsequent Issuance may be directed solely by made only upon the direction of one or more Authorized Participants on any Business Day by delivering delivered in the form of a Purchase Creation Order to the Trustee and the Administrative Agent on such any Business Day (such date, the "Subsequent Issuance Date"), prior to the earlier of (i) 2:00 p.m., New York City Time, or (ii) half an hour before the end of trading in the futures contracts from which the Applicable Reference Price of Crude Oil is derived, designating, inter alia, (i) the name of the Authorized Participant, (ii) the Submission Number (as defined in the Participants Agreement), (iii) the PIN Number (as defined in the Participants Agreement), ) (iv) the CUSIP Numbers for the Paired Holding Shares to be created, and (v) the number of MACRO Units composed of Paired Holding Shares to be issued in and (v) the form number and type of MACRO UnitsHolding Shares to be, concurrently, exchanged to their related tradeable shares. On the next Business Day after the Subsequent Issuance Date, not later than 10:00 a.m., New York City Time, the Authorized Participant directing the Paired Subsequent Issuance shall deliver available funds to the Trustee in an amount equal to (i) the Aggregate Par Amount Up-MACRO Per Share Underlying Value of the Up-MACRO Holding Shares requested being created by that Authorized Participant, plus (ii) the Aggregate Par Amount Down-MACRO Per Share Underlying Value of the Down-MACRO Holding Shares requested being created by that Authorized Participant, plus (iii) the Upnon-MACRO Income Make-Whole Amount, plus (iv) the Down-MACRO Income Make-Whole Amountrefundable transaction fee as provided below. On the same Business Day, upon the satisfaction of the procedures and conditions for a Paired Subsequent Issuance that are specified in the Participants Agreement and no later than [3:00] 3:00 p.m., New York City Time, the Trustee, acting together with the Down-MACRO Holding Trustee, each on behalf of their respective Paired Holding Trust, shall issue and deliver to the Depository account of the Authorized Participant who directed such Paired Subsequent Issuance, Paired Holding Shares constituting the number of MACRO Units ordered by such Authorized Participant, or if so requested, not later than 3:00 p.m. New York City Time on the third Business Day after the Subsequent Issuance Date, the applicable Tradeable Shares, in lieu of all, or part, of the Paired Holding Shares issued.

Paired Subsequent Issuances. (a) At any time following the Closing Date, but prior to the Final Scheduled Termination Date or any Early Termination Date, the Trustee may issue and deliver additional UpDown-MACRO Holding Shares contemporaneously with the issuance of additional DownUp-MACRO Holding Shares in the form of MACRO Units (such an issuance, a "Paired Subsequent Issuance") upon instruction from any Authorized Participant. As provided in the Participants Agreement, a Paired Subsequent Issuance may be directed solely by one or more Authorized Participants on any Business Day by delivering a Purchase Order to the Trustee and the Administrative Agent on such Business Day (such date, the "Subsequent Issuance Date"), prior to the earlier of (i) 2:00 p.m., New York City Time, or (ii) half an hour before the end of trading in the futures contracts from which the Applicable Reference Price of Crude Oil is derived, designating, inter alia, (i) the name of the Authorized Participant, (ii) the Submission Number (as defined in the Participants Agreement), (iii) the PIN Number (as defined in the Participants Agreement), (iv) the CUSIP Numbers for the Paired Holding Shares to be created, and (v) the number of Paired Holding Shares to be issued in the form of MACRO Units. On the next Business Day after the Subsequent Issuance Date, not later than 10:00 a.m., New York City Time, the Authorized Participant directing the Paired Subsequent Issuance shall deliver available funds to the Trustee in an amount equal to (i) the Aggregate Par Amount of the UpDown-MACRO Holding Shares requested by that Authorized Participant, plus (ii) the Aggregate Par Amount of the DownUp-MACRO Holding Shares requested by that Authorized Participant, plus (iii) the UpDown-MACRO Income Make-Whole Amount, plus (iv) the DownUp-MACRO Income Make-Whole Amount. On the same Business Day, upon the satisfaction of the procedures and conditions for a Paired Subsequent Issuance that are specified in the Participants Agreement and no later than [3:00] p.m., New York City Time, the Trustee, acting together with the DownUp-MACRO Holding Trustee, each on behalf of their respective Paired Holding Trust, shall issue and deliver to the Depository account of the Authorized Participant who directed such Paired Subsequent Issuance, Paired Holding Shares constituting the number of MACRO Units ordered by such Authorized Participant.