Common use of Compliance with Tax Reporting and Withholding Requirements Clause in Contracts

Compliance with Tax Reporting and Withholding Requirements. The Trustee shall file or cause to be filed, within the time limits established by law, U.S. Federal and State income tax returns and information statements as a trust, the Certificateholders of which are treated as the owners thereof under Section 671 of the Code, for each of the Trust's taxable years. The Trust's taxable year shall be the calendar year. Notwithstanding any other provision of this Agreement to the contrary, the Trustee shall comply with all U.S. Federal withholding requirements (including any applicable exceptions thereto) respecting distributions to, or receipts of amounts on behalf of, Certificateholders. The consent of Certificateholders shall not be required for any such withholding. In the event that the Trustee does withhold any amount from any distribution to any Certificateholder pursuant to U.S. Federal withholding requirements, the Trustee shall indicate the amount so withheld in the statement required pursuant to Section 4.02.

Appears in 7 contracts

Samples: Trust Agreement (Bond Trust Products LLC), Trust Agreement (Bond Trust Products LLC), Trust Agreement (Bond Trust Products LLC)

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Compliance with Tax Reporting and Withholding Requirements. The Trustee shall file or cause to be filed, within the time limits established by law, U.S. Federal federal and State income tax returns and information statements as a trust, the Certificateholders of which are treated as the owners thereof under Section 671 of the Code, for each of the Trust's taxable years. The Trust's taxable year shall be the calendar year. Notwithstanding any other provision of this Agreement to the contrary, the Trustee shall comply with all U.S. Federal federal withholding requirements (including any applicable exceptions thereto) respecting distributions to, or receipts of amounts on behalf of, Certificateholders. The consent of Certificateholders shall not be required for any such withholding. In the event that the Trustee does withhold any amount from any distribution to any Certificateholder pursuant to U.S. Federal federal withholding requirements, the Trustee shall indicate the amount so withheld in the statement required pursuant to Section 4.02.

Appears in 2 contracts

Samples: Trust Agreement (Incapital Trust Products LLC), Trust Agreement (Incapital Trust Products LLC)

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Compliance with Tax Reporting and Withholding Requirements. (a) The Trustee shall file or cause to be filed, within the time limits established by law, U.S. Federal federal and State income tax returns and information statements as a trust, the Certificateholders of which are treated as the owners thereof under Section 671 of the Code, for each of the Trust's taxable years. The Trust's taxable year shall be the calendar year. Notwithstanding any other provision of this Agreement to the contrary, the Trustee shall comply with all U.S. Federal federal withholding requirements (including any applicable exceptions thereto) respecting distributions to, or receipts of amounts on behalf of, Certificateholders. The consent of Certificateholders shall not be required for any such withholding. In the event that the Trustee does withhold any amount from any distribution to any Certificateholder pursuant to U.S. Federal federal withholding requirements, the Trustee shall indicate the amount so withheld in the statement required pursuant to Section 4.02.

Appears in 1 contract

Samples: Trust Agreement (Incapital Trust Products II LLC)

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