Distributions; Tax Reporting. Custodian shall credit to the Trust's custodial account(s) all interest, dividends and other income received by Custodian on the Collateral, unless Custodian has received a Notice of Exclusive Control and has had a reasonable time to act thereon. All items of income, gain, expense and loss recognized in the Collateral Account(s) shall be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of Trust.
Appears in 6 contracts
Samples: Pledge and Security Agreement (Dividend & Income Fund), Revolving Credit Agreement (Midas Series Trust), Pledge and Security Agreement (Midas Series Trust)
Distributions; Tax Reporting. Custodian shall credit to the TrustBorrower's custodial account(s) all interest, dividends and other income received by Custodian on the Collateral, unless Custodian has received a Notice of Exclusive Control and has had a reasonable time to act thereon. All items of income, gain, expense and loss recognized in the Collateral Account(s) shall be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of TrustBorrower.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Foxby Corp.), Pledge and Security Agreement (Foxby Corp.), Control Agreement (Foxby Corp.)
Distributions; Tax Reporting. Custodian shall credit to the Trust's ’s custodial account(s) all interest, dividends and other income received by Custodian on the Collateral, unless Custodian has received a Notice of Exclusive Control and has had a reasonable time to act thereon. All items of income, gain, expense and loss recognized in the Collateral Account(s) shall be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of Trust.
Appears in 1 contract
Samples: Revolving Credit Agreement (Spirit of America Investment Fund Inc)
Distributions; Tax Reporting. Custodian shall credit to the Trust's Borrower’s custodial account(s) all interest, dividends and other income received by Custodian on the Collateral, unless Custodian has received a Notice of Exclusive Control and has had a reasonable time to act thereon. All items of income, gain, expense and loss recognized in the Collateral Account(s) shall be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of TrustBorrower.
Appears in 1 contract
Distributions; Tax Reporting. Custodian shall credit to the Trust's ’s custodial account(s) all interest, dividends and other income received by Custodian or its agent on the Collateral, unless Custodian has received a Notice of Exclusive Control and has had a reasonable time to act thereon. All items of income, gain, expense and loss recognized in the Collateral Account(s) shall be reported to the Internal Revenue Service and all state and local taxing authorities under the name and taxpayer identification number of Trust.
Appears in 1 contract
Samples: Revolving Credit Agreement (Spirit of America Investment Fund Inc)
