Common use of Payments under the Income Distribution Agreement Clause in Contracts

Payments under the Income Distribution Agreement. (a) On each Distribution Payment Date, in accordance with priority fifth of Section 5.2(a) and the terms of the Income Distribution Agreement, the Trustee shall cause the Up-MACRO Holding Trust to pay to the Down-MACRO Holding Trust the Up-MACRO Income Distribution Payment, from amounts on deposit in the Distribution Account, if any such payment is owed by the Up-MACRO Holding Trust with respect to the related Distribution Date, as calculated pursuant to Section 4.3(a) hereof. If the Up-MACRO Holding Trust has no Up-MACRO Available Income on such Distribution Date, then the Up-MACRO Holding Trust shall not be required to make any payment under the Income Distribution Agreement on such Distribution Date or on any subsequent date and no interest shall accrue on any such unpaid amounts. (b) On each Distribution Payment Date, Trustee shall deposit any Down-MACRO Income Distribution Payment received from the Down-MACRO Holding Trust under the Income Distribution Agreement into the Distribution Account for application in accordance with Section 5.2(a) on such Distribution Date.

Payments under the Income Distribution Agreement. (a) On each Distribution Payment Date, in accordance with priority fifth of Section 5.2(a) and the terms of the Income Distribution Agreement, the Trustee shall cause the UpDown-MACRO Holding Trust to pay to the DownUp-MACRO Holding Trust the UpDown-MACRO Income Distribution Payment, from amounts on deposit in the Distribution Account, if any such payment is owed by the UpDown-MACRO Holding Trust with respect to the related Distribution Date, as calculated pursuant to Section 4.3(a) hereof. If the UpDown-MACRO Holding Trust has no UpDown-MACRO Available Income on such Distribution Date, then the UpDown-MACRO Holding Trust shall not be required to make any payment under the Income Distribution Agreement on such Distribution Date or on any subsequent date and no interest shall accrue on any such unpaid amounts. (b) On each Distribution Payment Date, Trustee shall deposit any Down-MACRO Income Distribution Payment received from the DownUp-MACRO Holding Trust under the Income Distribution Agreement into the Distribution Account for application in accordance with Section 5.2(a) on such Distribution Date.