Common use of Representations, Warranties and Covenants of the Trustee Clause in Contracts

Representations, Warranties and Covenants of the Trustee. State Street Bank and Trust Company (as successor to Investors Bank & Trust Company), in its capacity as initial Trustee under this Trust Agreement, hereby makes, and any successor Trustee by its appointment hereunder shall make, on the Closing Date (or on the applicable date of appointment), the following representations, warranties and covenants to the Down-MACRO Holding Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the Down-MACRO Holding Shares may rely on each such representation, warranty and covenant):

Representations, Warranties and Covenants of the Trustee. State Street Bank and Trust Company (as successor to Investors Bank & Trust Company), in its capacity as initial Trustee under this Trust Agreement, hereby makes, and any successor Trustee by its appointment hereunder shall make, on the Closing Date (or on the applicable date of appointment), the following representations, warranties and covenants to the DownUp-MACRO Holding Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the DownUp-MACRO Holding Shares may rely on each such representation, warranty and covenant):

Representations, Warranties and Covenants of the Trustee. State Street Bank and Trust Company (as successor to Investors Bank & Trust Company), in its capacity as initial Trustee under this Trust Agreement, hereby makes, and any successor Trustee by its appointment hereunder shall make, on the Closing Date (or on the applicable date of appointment), the following representations, warranties and covenants to the DownUp-MACRO Holding Tradeable Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the DownUp-MACRO Holding Tradeable Shares may rely on each such representation, warranty and covenant):

Representations, Warranties and Covenants of the Trustee. State Street Bank and Trust Company (as successor to Investors Bank & Trust Company), in its capacity as initial Trustee under this Trust Agreement, hereby makes, and any successor Trustee by its appointment hereunder shall make, on the Closing Date (or on the applicable date of appointment), the following representations, warranties and covenants to the Down-MACRO Holding Tradeable Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the Down-MACRO Holding Tradeable Shares may rely on each such representation, warranty and covenant):