Common use of Payments under the Settlement Contracts Clause in Contracts

Payments under the Settlement Contracts. (a) On the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall, on the related Distribution Payment Date, cause the Up-MACRO Holding Trust to make the Up-MACRO Settlement Payment to the Down-MACRO Holding Trust 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(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up-MACRO Holding Trust to make an Up-MACRO Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date. (b) In connection with the Final Scheduled Termination Date, an Early Termination Date or any Redemption Order Date, any Down-MACRO Settlement Payment received from the Down-MACRO Holding Trust under the Settlement Contracts on the Distribution Payment Date that follows such Final Scheduled Termination Date or an Early Termination Date or on the related Redemption Date shall be deposited into the Distribution Account (i) for application in accordance with Section 5.2(a) on the applicable Distribution Payment Date or (ii) to be used to effect the Paired Optional Redemption on the Redemption Date related to such Redemption Order Date.

Payments under the Settlement Contracts. (a) On the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall, on the related Distribution Payment Date, cause the UpDown-MACRO Holding Trust to make the UpDown-MACRO Settlement Payment to the DownUp-MACRO Holding Trust 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(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the UpDown-MACRO Holding Trust to make an Upa Down-MACRO Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date. (b) In connection with the Final Scheduled Termination Date, an Early Termination Date or any Redemption Order Date, any DownUp-MACRO Settlement Payment received from the DownUp-MACRO Holding Trust under the Settlement Contracts on the Distribution Payment Date that follows such Final Scheduled Termination Date or an Early Termination Date or on the related Redemption Date shall be deposited into the Distribution Account (i) for application in accordance with Section 5.2(a) on the applicable Distribution Payment Date or (ii) to be used to effect the Paired Optional Redemption on the Redemption Date related to such Redemption Order Date.