Common use of U.S. Partnership Tax Treatment Clause in Contracts

U.S. Partnership Tax Treatment. It is the intent of the Holders and the Depositor that the Up-MACRO Holding Trust be governed by the applicable provisions of Subchapter K, of Chapter 1, of the Code. The Depositor may file such forms and make such elections as the Depositor deems appropriate to effect such intent.

U.S. Partnership Tax Treatment. It is the intent of the Holders and the Depositor that the UpDown-MACRO Holding Trust be governed by the applicable provisions of Subchapter K, of Chapter 1, of the Code. The Depositor may file such forms and make such elections as the Depositor deems appropriate to effect such intent.