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 Trustee, each on behalf of its respective Paired Trust and at the direction of the Administrative Agent, will settle one Settlement Contract for each MacroShares 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 and Down MacroShares that are Outstanding.
Appears in 9 contracts
Samples: Trust Agreement, Trust Agreement (MacroShares $100 Oil Up Trust), Trust Agreement (MacroShares $100 Oil Up Trust)
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 Up Trustee, each on behalf of its respective Paired Trust and at the direction of the Administrative Agent, will settle one Settlement Contract for each MacroShares 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 Down and Up and Down MacroShares that are Outstanding.
Appears in 7 contracts
Samples: Trust Agreement (MacroShares $100 Oil Down Trust), Trust Agreement (MacroShares Major Metro Housing Down Trust), Trust Agreement (MacroShares $100 Oil Down Trust)
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 Trustee, each on behalf of its respective Paired Trust and at the direction of the Administrative Agent, will settle one Settlement Contract for each MacroShares 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 Up-MACRO and Down MacroShares that are Outstanding.
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