Common use of Filing of Partnership Returns Clause in Contracts

Filing of Partnership Returns. In the event that the Trust is characterized (by appropriate tax authorities) as a partnership for United States federal income tax purposes, and the 761 Election is ineffective, the Trustor agrees to reimburse the Trust for any expenses associated with the filing of partnership returns (or returns related thereto).

Appears in 5 contracts

Samples: Stratssm Certificates Series Supplement (Synthetic Fixed Income Securities Inc), Strats(sm) Certificates Series Supplement 2007 1 (STRATS (SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1), Strats(sm) Certificates Series Supplement 2007 2 (STRATS(SM) Trust for BNSF Funding Trust I Securities, Series 2007-2)

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Filing of Partnership Returns. In the event that the Trust is characterized (by appropriate tax authorities) as a partnership for United States federal income tax purposes, and the 761 Election is ineffective, the Trustor Depositor agrees to reimburse the Trust for any expenses associated with the filing of partnership returns (or returns related thereto).

Appears in 4 contracts

Samples: Trust Agreement (Fixed Income Client Solutions LLC), Corts® Trust Supplement (Structured Products Corp), Corts® Supplement (Structured Products Corp Corts Trust Ii Goldman Sachs Cap I)

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Filing of Partnership Returns. In the event that the Trust is characterized (by appropriate tax authorities) as a partnership for United States federal income tax purposes, and the 761 Election is ineffective, the Trustor Depositor agrees to reimburse the Trust and the Trustee for any expenses associated with the filing of partnership returns (or returns related thereto).

Appears in 2 contracts

Samples: Trust Agreement (Fixed Income Trust for Goldman Sachs Subordinated Notes, Series 2011-1), Trust Agreement (Fixed Income Trust for Prudential Financial, Inc. Notes, Series 2012-1)

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