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

Representations, Warranties and Covenants of the Trustee. 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 Up-MACRO Tradeable Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the Up-MACRO Tradeable Shares may rely on each such representation, warranty and covenant):

Representations, Warranties and Covenants of the Trustee. 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 UpDown-MACRO Tradeable Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the UpDown-MACRO Tradeable Shares may rely on each such representation, warranty and covenant):

Representations, Warranties and Covenants of the Trustee. 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 and on the applicable date of any such appointment), the following representations, warranties and covenants to the UpDown-MACRO Tradeable Holding Trust in accepting the Treasuries in trust and executing this Trust Agreement (and agrees that the Depositor, the Administrative Agent and the Holders of the Up-MACRO Tradeable Shares Holders, as applicable, may rely on each such representation, warranty and covenant):

Representations, Warranties and Covenants of the Trustee. 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 and on the applicable date of any such appointment), the following representations, warranties and covenants to the Up-MACRO Tradeable Holding Trust in accepting the Treasuries in trust and executing this Trust Agreement (and agrees that the Depositor, the Administrative Agent and the Holders of the Up-MACRO Tradeable Shares Holders, as applicable, may rely on each such representation, warranty and covenant):