Common use of Distributions for Payment of Taxes Clause in Contracts

Distributions for Payment of Taxes. Within ten (10) Business Days after the Trustee’s receipt from JPMorgan Chase Bank, N.A. of a monthly statement or statements as to the Trust Property for the prior calendar month, the Trustee shall provide the Company with such monthly statement or statements. The Company shall timely prepare each federal and state tax return (and shall prepare quarterly estimates in respect thereof, as applicable) required to be filed in respect of income arising from the Trust Property. At least twenty (20) Business Days before the date upon which the taxes shown thereon to be due are required to be paid, the Company shall deliver to the Trustee a Tax Disbursement Request Letter in respect of such taxes. Funds for payment of such taxes shall be disbursed from the Trust Account and the Trustee shall take such action, if any, as may be required to make the Trust Property available for immediate distribution by the date specified in the Tax Disbursement Request Letter. Within five (5) Business Days after receipt from the Trustee of such disbursement, the Company shall file with the relevant taxing authority such tax return and wire to such taxing authority relevant taxes (or quarterly estimate, as applicable). In no event shall the aggregate amount of all funds disbursed to the Company pursuant to this Section 4(f) exceed the income in respect of which such taxes are due and owing.

Distributions for Payment of Taxes. Within ten (10) Business Days after the Trustee’s receipt from JPMorgan Chase Bank, N.A. of a monthly statement or statements as to the income arising from the Trust Property for the prior calendar monthmonth (an “Income Statement”), the Trustee shall provide the Company with such monthly statement or statementsIncome Statement. The Company shall timely prepare each federal and state tax return (and shall prepare quarterly estimates in respect thereof, as applicable) required to be filed in respect of income arising from the Trust Property. At least twenty (20) Business Days before the date upon which the taxes shown thereon to be due are required to be paid, the Company shall deliver to the Trustee a Tax Disbursement Request Letter in respect of such taxes. Funds for payment of such taxes shall be disbursed from the Trust Account and the Trustee shall take such action, if any, as may be required to make the Trust Property available for immediate distribution by the date specified in the Tax Disbursement Request Letter. Within five (5) Business Days after receipt from the Trustee of such disbursement, the Company shall file with and wire to the relevant taxing authority such tax return and wire to such taxing authority relevant taxes (or quarterly estimate, as applicable)) and payment of such taxes. In no event shall the aggregate amount of all funds disbursed to the Company pursuant to this Section 4(f) exceed the income in respect of which such taxes are due and owing.

Distributions for Payment of Taxes. Within ten (10) Business Days after the Trustee’s receipt from JPMorgan Chase Bank, N.A. of a monthly statement or statements as to the income arising from the Trust Property for the prior calendar monthmonth (an “Income Statement”), the Trustee shall provide the Company with such monthly statement or statementsIncome Statement. The Company shall timely prepare each federal and state tax return (and shall prepare quarterly estimates in respect thereof, as applicable) required to be filed in respect of income arising from the Trust Property. At least twenty (20) Business Days before the date upon which the taxes shown thereon to be due are required to be paid, the Company shall deliver to the Trustee a Tax Disbursement Request Letter in respect of such taxes. Funds for payment of such taxes shall be disbursed from the Trust Account and the Trustee shall take such action, if any, as may be required to make the Trust Property available for immediate distribution by the date specified in the Tax Disbursement Request Letter. Within five (5) Business Days after receipt from the Trustee of such disbursement, the Company shall file with and wire to the relevant taxing authority such tax return and wire to such taxing authority relevant taxes (or quarterly estimate, as applicable)) and payment of such taxes. In no event shall the aggregate amount of all funds disbursed to the Company pursuant to this Section 4(f) exceed the income in respect of which such taxes are due and owing.