Common use of Representations, Warranties and Covenants of the Administrative Agent and the Marketing Agent Clause in Contracts

Representations, Warranties and Covenants of the Administrative Agent and the Marketing Agent. (a) Claymore Securities, Inc., in its capacity as the Administrative Agent, hereby makes, and any successor Administrative Agent by its appointment hereunder shall make, on the Closing Date (or on the date of any such appointment), the following representations, warranties and covenants to the Up-MACRO Holding Trust (and agrees that the Depositor and the Trustee may rely on each such representation, warranty and covenant in fulfilling their respective duties hereunder):

Representations, Warranties and Covenants of the Administrative Agent and the Marketing Agent. (a) Claymore Securities, Inc., in its capacity as the Administrative Agent, hereby makes, and any successor Administrative Agent by its appointment hereunder shall make, on the Closing Date (or on the date of any such appointment), the following representations, warranties and covenants to the UpDown-MACRO Holding Trust (and agrees that the Depositor and the Trustee may rely on each such representation, warranty and covenant in fulfilling their respective duties hereunder):