Representations, Warranties and Covenants of the Trustee. (a) The Trustee hereby represents and warrants to, and covenants with, each of the other parties hereto and for the benefit of the Certificateholders, as of the Closing Date, that:
Representations, Warranties and Covenants of the Trustee. State Street Bank and Trust Company (as successor to Investors Bank & Trust Company), in its capacity as initial Trustee under this Trust Agreement, hereby makes, and any successor Trustee by its appointment hereunder shall make, on the Closing Date (or on the applicable date of appointment), the following representations, warranties and covenants to the Down-MACRO Tradeable Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the Down-MACRO Tradeable Shares may rely on each such representation, warranty and covenant):
Representations, Warranties and Covenants of the Trustee. Investors Bank & Trust Company, in its capacity as initial Trustee under this Trust Agreement, hereby makes, and any successor Trustee by its appointment hereunder shall make, on the Closing Date (or on the applicable date of appointment), the following representations, warranties and covenants to the Up-MACRO Tradeable Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the Up-MACRO Tradeable Shares may rely on each such representation, warranty and covenant):
Representations, Warranties and Covenants of the Trustee. State Street Bank and Trust Company, N.A., in its capacity as initial Trustee under this Trust Agreement, hereby makes, and any successor Trustee by its appointment hereunder shall make, on the Closing Date (or on the applicable date of appointment), the following representations, warranties and covenants to the Down Trust (and agrees that the Depositor, the Administrative Agent and the Holders of the Down MacroShares may rely on each such representation, warranty and covenant):
Representations, Warranties and Covenants of the Trustee. The Trustee represents, warrants and covenants to the Grantor and Beneficiary that:
Representations, Warranties and Covenants of the Trustee. The Trustee hereby makes the following representations, warranties and covenants on which the Issuer, the Trust Depositor, the Servicer and the Noteholders shall rely:
Representations, Warranties and Covenants of the Trustee. The Trustee hereby represents, warrants and covenants to the Collateral Agent, the Servicer, the Certificateholders, the Unaffiliated Seller and the Depositor that as of the date of this Agreement or as of such date specifically provided herein:
Representations, Warranties and Covenants of the Trustee. [ ], in its capacity as initial Trustee under this Trust Agreement, hereby makes, and any successor Trustee by its appointment hereunder shall make, on the Closing Date (and on the date of any such appointment), the following representations, warranties and covenants to the Down-MACRO Holding Trust in accepting the Treasuries in trust and executing this Trust Agreement (and agrees that the Depositor, the Administrative Agent and the Holders, as applicable, may rely on each such representation, warranty and covenant):
Representations, Warranties and Covenants of the Trustee. ON BEHALF OF THE TRUST AS TO EACH ACCOUNT. The Trustee, on behalf of the Trust, represents and warrants that, as to each Account sold or to be sold hereunder, as of the applicable Closing Date:
Representations, Warranties and Covenants of the Trustee. The Trustee hereby represents and warrants to the Depositor, the Master Servicer and the Special Servicer and for the benefit of the Certificateholders and the B Loan Holders, as of the Closing Date, that:
