Quarterly Distributions. On the Distribution Payment Date that follows each Distribution Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up MacroShares as of the Record Date that preceded such Distribution Payment Date the Quarterly Distribution provided for under priority sixth of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up MacroShares on such Record Date.
Appears in 10 contracts
Samples: Trust Agreement, Trust Agreement (Macro Inflation Depositor, LLC), Trust Agreement (MacroShares $100 Oil Up Trust)
Quarterly Distributions. On the Distribution Payment Date that follows each Distribution Date, the Trustee shall distribute to each Person who was a Registered Owner of the Up Down MacroShares as of the Record Date that preceded such Distribution Payment Date the Quarterly Distribution provided for under priority sixth of clause (a) above in cash, for delivery thereof by the Depository to each Person who was a Beneficial Owner of Up Down MacroShares on such Record Date.
Appears in 7 contracts
Samples: Trust Agreement (MACRO Securities Depositor, LLC), Trust Agreement (MacroShares $100 Oil Down Trust), Trust Agreement (MacroShares Major Metro Housing Down Trust)
