Common use of Payments under the Settlement Contracts Clause in Contracts

Payments under the Settlement Contracts. (a) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Up Trust to make the Up Settlement Payment to the Down Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Up Trust with respect to such Final Scheduled Termination Date or Early Termination Date, as calculated pursuant to Section 4.3(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up Trust to make an Up Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.

Appears in 4 contracts

Samples: Trust Agreement (MacroShares Major Metro Housing Up Trust), Trust Agreement (MacroShares $100 Oil Up Trust), Trust Agreement (MacroShares $100 Oil Up Trust)

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Payments under the Settlement Contracts. (a) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Up Down Trust to make the Up Down Settlement Payment to the Down Up Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Up Down Trust with respect to such Final Scheduled Termination Date or Early Termination Date, as calculated pursuant to Section 4.3(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up Down Trust to make an Up a Down Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.

Appears in 4 contracts

Samples: Trust Agreement (MacroShares Major Metro Housing Down Trust), Trust Agreement (MacroShares $100 Oil Down Trust), Trust Agreement (MACRO Securities Depositor, LLC)

Payments under the Settlement Contracts. (a) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Up Trust to make the Up Settlement Payment to the Down Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Up Trust with respect to such Final Scheduled Termination Date or Early Termination Date, as calculated pursuant to Section 4.3(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up Trust to make an Up Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.

Appears in 3 contracts

Samples: Trust Agreement, Trust Agreement (MacroShares $100 Oil Up Trust), Trust Agreement (MACRO Securities Depositor, LLC)

Payments under the Settlement Contracts. (a) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Up Down Trust to make the Up Down Settlement Payment to the Down Up Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Up Down Trust with respect to such Final Scheduled Termination Date or Early Termination Date, as calculated pursuant to Section 4.3(b4.2(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up Down Trust to make an Up a Down Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.

Appears in 2 contracts

Samples: Trust Agreement (MacroShares Major Metro Housing Down Trust), Trust Agreement (MacroShares Housing Depositor, LLC)

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Payments under the Settlement Contracts. (a) On the Distribution Payment Date that follows the Final Scheduled Termination Date or an Early Termination Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Up Trust to make the Up Settlement Payment to the Down Trust from amounts on deposit in the Distribution Account if any such payment is owed by the Up Trust with respect to such Final Scheduled Termination Date or Early Termination Date, as calculated pursuant to Section 4.3(b4.2(b) hereof. On each Redemption Date, the Trustee, as instructed by the Administrative Agent, shall cause the Up Trust to make an Up Settlement Payment, if any such payment is due under the Settlement Contracts being settled on such Redemption Date.

Appears in 2 contracts

Samples: Trust Agreement (MacroShares Major Metro Housing Up Trust), Trust Agreement (MacroShares Housing Depositor, LLC)

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