Common use of Settlement of the Settlement Contracts; Adjustments to the Notional Amount of the Income Distribution Agreement Clause in Contracts

Settlement of the Settlement Contracts; Adjustments to the Notional Amount of the Income Distribution Agreement. (a) In connection with a Paired Optional Redemption directed on a Redemption Date that is not also an Issuance Date, the Trustee, acting together with the Down-MACRO Holding Trustee, each on behalf of its respective Paired Holding Trust and at the direction of the Administrative Agent, will settle one Settlement Contract for each MACRO Unit that is redeemed and amend the Income Distribution Agreement to reduce the notional amount thereof to reflect the decrease in the Aggregate Par Amount of Up-MACRO and Down-MACRO Holding Shares that are Outstanding.

Settlement of the Settlement Contracts; Adjustments to the Notional Amount of the Income Distribution Agreement. (a) In connection with a Paired Optional Redemption directed on a Redemption Date that is not also an Issuance Date, the Trustee, acting together with the DownUp-MACRO Holding Trustee, each on behalf of its respective Paired Holding Trust and at the direction of the Administrative Agent, will settle one Settlement Contract for each MACRO Unit that is redeemed and amend the Income Distribution Agreement to reduce the notional amount thereof to reflect the decrease in the Aggregate Par Amount of UpDown-MACRO and DownUp-MACRO Holding Shares that are Outstanding.