Common use of Payments under the Settlement Contracts Clause in Contracts

Payments under the Settlement Contracts. (a) On the Final Scheduled Termination Date, an Early Termination Date or any Redemption Date occurring on a Distribution Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the Down-MACRO Holding Trust to make to the Up-MACRO Holding Trust, the Down-MACRO Settlement Payment, if any, from amounts on deposit in the Distribution Account. On any Redemption Date occurring on any day other than a Distribution Date, the Trustee shall cause the Down-MACRO Holding Trust to deliver Treasuries in accordance with Section 5.2(b) and the terms of the Settlement Contracts to make an Down-MACRO Settlement Payment, if any, due under the Settlement Contracts being settled on such Redemption Date.

Payments under the Settlement Contracts. (a) On the Final Scheduled Termination Date, an Early Termination Date or any Redemption Date occurring on a Distribution Date, in accordance with priority third of Section 5.2(a) and the terms of the Settlement Contracts, the Trustee shall cause the DownUp-MACRO Holding Trust to make to the UpDown-MACRO Holding Trust, the DownUp-MACRO Settlement Payment, if any, from amounts on deposit in the Distribution Account. On any Redemption Date occurring on any day other than a Distribution Date, the Trustee shall cause the DownUp-MACRO Holding Trust to deliver Treasuries in accordance with Section 5.2(b) and the terms of the Settlement Contracts to make an DownUp-MACRO Settlement Payment, if any, due under the Settlement Contracts being settled on such Redemption Date.