Common use of REPORTING TO HOLDERS OF THE Clause in Contracts

REPORTING TO HOLDERS OF THE. DOWN-MACRO TRADEABLE SHARES Section 8.1 Calculations for the Down-MACRO Tradeable Shares. (a) On each Price Determination Day, the Trustee shall calculate and provide to the Administrative Agent for posting on the MACROshares Website, within the time period agreed upon between the Administrative Agent and the Trustee, the Per Share Underlying Value of an Down-MACRO Tradeable Share and the number of Down-MACRO Holding Shares on deposit in the Down-MACRO Tradeable Trust. (b) Not later than the 10 Business Days following each calendar quarter, the Trustee shall calculate and provide to the Depositor for inclusion in the quarterly report on Form 10-Q that the Depositor will prepare and file with the SEC on behalf of the Down-MACRO Holding Trust the following information: (i) a record of the aggregate exchanges of Down-MACRO Tradeable Shares for the underlying Down-MACRO Holding Shares in connection with Paired Optional Redemptions or otherwise and the aggregate number of Down-MACRO Holding Shares deposited into the Down-MACRO Tradeable Trust in connection with Paired Issuances or otherwise; and (ii) the aggregate number of Down-MACRO Tradeable Shares Outstanding as of the date of the applicable report. (c) The Administrative Agent shall post all of the information calculated and provided to them by the Trustee pursuant to clause (a) of this Section 8.1 on the MACROshares Website on each Price Determination Day.