Common use of Important information related to ADR’s and Preferential Tax Treatment Clause in Contracts

Important information related to ADR’s and Preferential Tax Treatment. With respect to any ADR’s you may purchase and own and which U.S. Bank (the “Bank”) custodies on your behalf, you understand that the holding of American Depository Receipts (“ADRs”) may require the disclosure of your beneficial ownership information (Name, Address, TIN/SSN, Share amount) by U.S. Bank to vendors, sub-custodians, or local tax authorities in foreign jurisdictions to avoid tax penalties and obtain for you the most preferential tax treatment. You acknowledge and consent to any and all disclosures or releases of beneficial information, described above, by U.S. Bank to any third parties relating to ADRs and release, hold harmless, and indemnify the Bank from any liability for doing so.

Appears in 33 contracts

Samples: Custody Agreement (360 Funds), Custody Agreement (Catalyst Strategic Income Opportunities Fund), Custody Agreement (TCW Spirit Direct Lending LLC)

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Important information related to ADR’s and Preferential Tax Treatment. With respect to any ADR’s American Depository Receipts (“ADRs”) you may purchase and own and which U.S. Bank (the “Bank”) custodies on your behalf, you understand that the holding of American Depository Receipts (“ADRs”) ADRs may require the disclosure of your beneficial ownership information (Name, Address, TIN/SSN, Share amount) by U.S. Bank to vendors, sub-custodians, or local tax authorities in foreign jurisdictions to avoid tax penalties and obtain for you the most preferential tax treatment. You acknowledge and consent to any and all disclosures or releases of beneficial information, described above, by U.S. Bank to any third parties relating to ADRs and release, hold harmless, and indemnify the Bank from any liability for doing so.

Appears in 1 contract

Samples: Custody Agreement (Pearl Diver Credit Co Inc.)

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