Common use of Allocations on each Distribution Date Clause in Contracts

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, the amount remaining in the Fee Payment Account after the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Fees incurred during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) and apply such funds (A) to make the Down-MACRO Settlement Payment to the Up-MACRO Holding Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares being redeemed on such date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO Income Distribution Payment to the Up-MACRO Holding Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the DownUp-MACRO Holding Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the DownUp-MACRO Fee Deduction Amount into the Fee Payment Account for application to the payment of DownUp-MACRO Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, the amount remaining in the Fee Payment Account after the payment of DownUp-MACRO Expenses, for the payment of the DownUp-MACRO Fees incurred during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) and apply such funds (A) to make the DownUp-MACRO Settlement Payment to the UpDown-MACRO Holding Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the DownUp-MACRO Holding Shares being redeemed on such date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the DownUp-MACRO Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the DownUp-MACRO Income Distribution Payment to the UpDown-MACRO Holding Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the DownUp-MACRO Holding Shares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Down Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Down Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Down Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, for application of the amount remaining in the Down Fee Payment Account after Deduction Amount to the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Down Fees incurred accrued during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) or, in the case of a Redemption Date, the product of the applicable Redemption Percentage and such remaining funds, and apply such funds (A) to make the Down-MACRO Down Settlement Payment to the Up-MACRO Holding Up Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Down MacroShares being redeemed on such date; based upon the Underlying Values of the Paired Trusts on the last calendar day preceding such Distribution Date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Down Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), ) and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO a Down Income Distribution Payment to the Up-MACRO Holding Up Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Down MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Up Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Up Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Up Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, for application of the amount remaining in the Up Fee Payment Account after Deduction Amount to the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Up Fees incurred accrued during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) or, in the case of a Redemption Date, the product of the applicable Redemption Percentage and such remaining funds, and apply such funds (A) to make the Down-MACRO Up Settlement Payment to the Up-MACRO Holding Down Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Up MacroShares being redeemed on such date, based upon the Underlying Values of the Paired Trusts on the last calendar day preceding such Distribution Date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Up Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), ) and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO an Up Income Distribution Payment to the Up-MACRO Holding Down Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date Date, all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Up MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Up Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Up Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Up Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, for application of the amount remaining in the Up Fee Payment Account after Deduction Amount to the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Up Fees incurred accrued during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) or, in the case of a Redemption Date, the product of the applicable Up Redemption Percentage and such remaining funds, and apply such funds (A) to make the Down-MACRO Up Settlement Payment to the Up-MACRO Holding Down Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Up MacroShares being redeemed on such datedate based upon the Underlying Values of the Paired Trusts on the last calendar day preceding such Distribution Date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Up Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO an Up Income Distribution Payment to the Up-MACRO Holding Down Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, all remaining funds together with the amounts received by the Up Trust, if any, pursuant to Section 5.5(b), for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date Date, all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Up MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Down Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Down Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Down Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, for application of the amount remaining in the Down Fee Payment Account after Deduction Amount to the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Down Fees incurred accrued during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) or, in the case of a Redemption Date, the product of the applicable Down Redemption Percentage and such remaining funds, and apply such funds (A) to make the Down-MACRO Down Settlement Payment to the Up-MACRO Holding Up Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Down MacroShares being redeemed on such datedate based upon the Underlying Values of the Paired Trusts on the last calendar day preceding such Distribution Date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Down Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO a Down Income Distribution Payment to the Up-MACRO Holding Up Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, all remaining funds together with the amounts received by the Down Trust, if any, pursuant to Section 5.5(b), for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date Date, all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Down MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Down Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Down Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Down Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, for application of the amount remaining in the Down Fee Payment Account after Deduction Amount to the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Down Fees incurred accrued during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) or, in the case of a Redemption Date, the product of the applicable Down Redemption Percentage and such remaining funds, and apply such funds (A) to make the Down-MACRO Down Settlement Payment to the Up-MACRO Holding Up Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Down MacroShares being redeemed on such datedate based upon the Underlying Values of the Paired Trusts on the last calendar day preceding such Distribution Date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Down Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO a Down Income Distribution Payment to the Up-MACRO Holding Up Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date Date, all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Down MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Up Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Up Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Up Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, for application of the amount remaining in the Up Fee Payment Account after Deduction Amount to the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Up Fees incurred accrued during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) or, in the case of a Redemption Date, the product of the applicable Redemption Percentage and such remaining funds, and apply such funds (A) to make the Down-MACRO Up Settlement Payment to the Up-MACRO Holding Down Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Up MacroShares being redeemed on such date; based upon the Underlying Values of the Paired Trusts on the last calendar day preceding such Distribution Date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Up Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), ) and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO an Up Income Distribution Payment to the Up-MACRO Holding Down Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Up MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Up Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), and any Additional Creation Fee, in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Up Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Up Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, the amount remaining in the Fee Payment Account after the payment of Down-MACRO Up Expenses, for the payment of the Down-MACRO Up Fees incurred during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) and apply such funds (A) to make the Down-MACRO Up Settlement Payment to the Up-MACRO Holding Down Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Up MacroShares being redeemed on such date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Up Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO Up Income Distribution Payment to the Up-MACRO Holding Down Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Up MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Up Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Up Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Up Expenses and Up Fees incurred during the preceding Calculation Period in accordance with Section 5.3 and Section 5.4 hereunder; (ii) second, if any Up Expenses or Up Fees remain unpaid following the allocation of the Up Fee Deduction Amount for the payment thereof, for deposit of an amount remaining in equal to the Up Additional Deduction Amount into the Fee Payment Account after to be applied to the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Fees incurred during the preceding Calculation Period in accordance with Section 5.4 hereunderall such remaining unpaid Up Expenses and Up Fees; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) or, in the case of a Redemption Date, the product of the applicable Redemption Percentage and such remaining funds, and apply such funds (A) to make the Down-MACRO Up Settlement Payment to the Up-MACRO Holding Down Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Up MacroShares being redeemed on such date; based upon the Underlying Values of the Paired Trusts on the last calendar day preceding such Distribution Date; provided, that if an Up Additional Deduction Amount was required to be deposited into the Fee Payment Account or if the Up Fee Deduction Amount and/or the Up Additional Deduction Amount exceeded the Up Available Income Accrual for the preceding Calculation Period, then the Trustee shall first recalculate the Up Underlying Value and Down Underlying Value as specified in clause (d) of this Section 5.2 and shall then allocate funds pursuant to this priority third on the basis of such adjusted calculations; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Up Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO an Up Income Distribution Payment to the Up-MACRO Holding Down Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Up MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.

Allocations on each Distribution Date. On each Distribution Date, the Trustee, on behalf of the Down-MACRO Holding Up Trust, shall allocate the amounts on deposit in the Distribution Account, including amounts deposited therein pursuant to Section 5.5(b) and Section 5.6(b), in accordance with the following priority of payments: (i) first, for deposit of an amount equal to the Down-MACRO Up Fee Deduction Amount into the Fee Payment Account for application to the payment of Down-MACRO Up Expenses incurred during the preceding Calculation Period in accordance with Section 5.3 hereunder; (ii) second, for application of the amount remaining in the Up Fee Payment Account after Deduction Amount to the payment of Down-MACRO Expenses, for the payment of the Down-MACRO Up Fees incurred accrued during the preceding Calculation Period in accordance with Section 5.4 hereunder; (iii) third, if such Distribution Date is a Redemption Date, an Early Termination Date or the Final Scheduled Termination Date, to segregate all funds remaining after satisfying priorities first and second of this Section 5.2(a) or, in the case of a Redemption Date, the product of the applicable Up Redemption Percentage and such remaining funds, and apply such funds (A) to make the Down-MACRO Up Settlement Payment to the Up-MACRO Holding Down Trust if any such payment is owed under the Settlement Contracts being settled on such date and then (B) to make a Final Distribution to the Holders of the Down-MACRO Holding Shares Up MacroShares being redeemed on such datedate based upon the Underlying Values of the Paired Trusts on the last calendar day preceding such Distribution Date; (iv) fourth, for reinvestment in Eligible Treasuries of an amount equal to the lesser of (x) the Down-MACRO Up Aggregate Par Amount on such Distribution Date (adjusted for any Paired Issuances and/or Paired Optional Redemptions that are being concurrently settled), and (y) all funds remaining after satisfying priorities first through third of this Section 5.2(a); (v) fifth, for making the Down-MACRO an Up Income Distribution Payment to the Up-MACRO Holding Down Trust, if such a payment is due under the Income Distribution Agreement; and (vi) sixth, for distribution as the Quarterly Distribution on the Distribution Payment Date that follows such Distribution Date Date, all funds that are remaining after satisfying priorities first through fifth of this Section 5.2(a) to those Holders of the Down-MACRO Holding Shares Up MacroShares who are listed on the books and records of the Depository as Beneficial Owners on the related Record Date.