Prospectuses

Prospectuses. And "each Prospectus" shall mean the U.S. Prospectus and the International Prospectus.

Prospectuses. Shall have the meaning ascribed to it in the recitals to this Agreement.

Prospectuses. Shall mean (i) the prospectus filed by the Sublicensees with the SEC as part of an amendment to the registration statement on Form S-1, file No. 333-150282 relating to the Up MacroShares, and (ii) the prospectus filed by the Sublicensees with the SEC as part of an amendment to the registration statement on Form S-1, file No. 333-150283 relating to the Down MacroShares.

Prospectuses. Means, collectively, the Preliminary Prospectus and the Prospectus;