Examples of Income Distribution Agreement in a sentence
If the Up-MACRO Holding Trust has no Up-MACRO Available Income on such Distribution Date, then the Up-MACRO Holding Trust shall not be required to make any payment under the Income Distribution Agreement on such Distribution Date or on any subsequent date and no interest shall accrue on any such unpaid amounts.
If the Down-MACRO Holding Trust has no Down-MACRO Available Income on such Distribution Date, then the Down-MACRO Holding Trust shall not be required to make any payment under the Income Distribution Agreement on such Distribution Date or on any subsequent date and no interest shall accrue on any such unpaid amounts.
Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Down Trustee, on behalf of the Down Trust, in the Trust Assets which shall secure the obligations of the Up Trust to the Down Trust under the Income Distribution Agreement and the Settlement Contracts.
The Settlement Contracts created on each date, if any, any adjustment to the notional amount of the Income Distribution Agreement and the purchase of new Eligible Treasuries, if any, will also be done on a net basis daily, in accordance to the daily netting of Creation Orders and Redemption Orders for MacroShares Units (such netting, collectively, the "Net Daily Basis").
If the Up Trust has no Up Available Income on such Distribution Date, then the Up Trust shall not be required to make any payment under the Income Distribution Agreement on such Distribution Date or on any subsequent date and no interest shall accrue on any such unpaid amounts.
Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Down-MACRO Holding Trustee, on behalf of the Down-MACRO Holding Trust, in the Trust Assets which shall secure the obligations of the Up-MACRO Holding Trust to the Down-MACRO Holding Trust under the Income Distribution Agreement and the Settlement Contracts.
Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Up-MACRO Holding Trustee, on behalf of the Up-MACRO Holding Trust, in the Trust Assets which shall secure the obligations of the Down-MACRO Holding Trust to the Up-MACRO Holding Trust under the Income Distribution Agreement and the Settlement Contracts.
The Settlement Contracts created on each date, if any, any adjustment to amounts allocated under the Income Distribution Agreement and the purchase of new Eligible Treasuries, if any, will also be done on a net basis daily, in accordance to the daily netting of creation and redemption of MACRO Units (such netting, collectively, the "Net Daily Basis").
Not later than the Closing Date, the Depositor shall file a financing statement covering the interest of the Up Trustee, on behalf of the Up Trust, in the Trust Assets which shall secure the obligations of the Down Trust to the Up Trust under the Income Distribution Agreement and the Settlement Contracts.
However, the route to a successful BOT contract is not quite facile.