Report to Beneficiaries Sample Clauses

Report to Beneficiaries. As soon as practicable after the end of each calendar year during the existence of the Liquidating Trust and after the termination of the Liquidating Trust, the Trustee will mail a written report to the Beneficiaries showing: (i) the assets and liabilities of the Liquidating Trust at the end of such calendar year together with an unaudited balance sheet for the Liquidating Trust as of the end of such year prepared by the Trustee in accordance with generally accepted accounting principles; (ii) any changes in the Assets not previously reported; and (iii) any material action taken by the Trustee not previously reported. To the extent mandated by applicable securities laws, such written report shall be filed by EDGAR with the U.S. Securities and Excxxxxx Commission (the "Commission") under cover of a Form 10-K with the Commission I.D. number of the Partnership within 90 days of the end of such year or as soon as practicable after the termination of the Liquidating Trust. So long as the Trust is obligated to file reports with the Commission under applicable securities laws, the Trustee will report to the Beneficiaries as soon as practicable during the existence of the Liquidating Trust after a material event relating to the Liquidating Trust occurs and file a copy of such report under cover of a Form 8-K by EDGAR with the Commission. As soon as xxxxxicable after the close of any taxable year, the Trustee shall mail to any person who was a Beneficiary during such year such information as is reasonably necessary for the Beneficiary to be able to prepare its income tax returns for the previous year in an accurate and complete manner.
Sample 1
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Report to Beneficiaries. (a) The financial statements of the Liquidating Trust shall be prepared in accordance with generally accepted accounting principles. Within 90 days after the close of each calendar year, a copy of a set of unaudited financial statements shall be furnished by the Administrative Trustee to each Beneficiary and shall include, as of the end of such Fiscal Period: (i) a statement of the assets and liabilities of the Liquidating Trust; (ii) a statement of income and loss of the Liquidating Trust; and (iii) a statement of changes in net assets of the Liquidating Trust. (b) In addition, the Beneficiaries shall be supplied in a timely manner and in any event within 90 days after the close of each Fiscal Year with all other Liquidating Trust information necessary to enable each Beneficiary to prepare its federal income tax returns and if requested in writing by a Beneficiary, estimates on a quarterly basis of the Liquidating Trust taxable income or loss and such other documentation as it may reasonably request for the preparation of the Beneficiaries' federal income tax returns. (c) During the course of a Fiscal Period, whenever a material event relating to the Trust Estate occurs, the Trustees shall, within a reasonable period of time after such occurrence, prepare and mail to the Beneficiaries an interim report describing such event. The occurrence of a material event need not be reported on an interim report if an annual report pursuant to Section 6.7(a) will be issued at approximately the same time that such interim report would be issued and such annual report describes the material event as it would be discussed in an interim report. The occurrence of a material event will be determined solely by the Trustees or as may be required by the rules and regulations promulgated by the Securities and Exchange Commission.
Sample 1

Related to Report to Beneficiaries

  • Intended Beneficiaries Nothing in this Agreement shall be construed to give any person or entity other than the parties hereto any legal or equitable claim, right or remedy. Rather, this Agreement is intended to be for the sole and exclusive benefit of the parties hereto.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • No Intended Third Party Beneficiaries This Agreement is entered into solely for the benefit of you and us. No third party will be deemed a beneficiary of this Agreement, and no third party will have the right to make any claim or assert any right under this Agreement. This provision does not affect the rights of third parties under any Third Party Terms.

  • Designation of Beneficiaries The Executive may designate any person to receive any benefits payable under the Agreement upon the Executive’s death, and the designation may be changed from time to time by the Executive by filing a new designation. Each designation will revoke all prior designations by the Executive, shall be in the form prescribed by the Administrator and shall be effective only when filed in writing with the Administrator during the Executive’s lifetime. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Administrator may, in its sole discretion, determine that spousal consent is required to be provided in a form designated by the Administrator, executed by the Executive’s spouse and returned to the Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved.

  • Beneficiaries The Executive may designate one or more persons or entities as the primary and/or contingent Beneficiaries of any Severance Benefits owing to the Executive under this Agreement. Such designation must be in the form of a signed writing acceptable to the Committee. The Executive may make or change such designations at any time.

  • No Other Beneficiaries This Agreement is intended for the sole and exclusive benefit of the parties hereto and their respective successors and controlling persons, and no other person, firm or corporation shall have any third-party beneficiary or other rights hereunder.

  • No Benefit to Third Parties The representations, warranties, covenants and agreements set forth in this Agreement are for the sole benefit of the Parties hereto and their successors and permitted assigns, and they will not be construed as conferring any rights on any other parties.

  • Xx Third Party Beneficiaries The terms and provisions of this Agreement are intended solely for the benefit of the Parties and their respective successors or permitted assigns, and it is not the intention of the Parties to confer third-party beneficiary rights upon any other Person.

  • Benefit of Agreement; Third-Party Beneficiaries This Agreement is for the benefit of and will be binding on the parties and their permitted successors and assigns. The Owner Trustee and the Indenture Trustee, for the benefit of the Noteholders, will be third-party beneficiaries of this Agreement and may enforce this Agreement against the Asset Representations Reviewer and the Servicer. No other Person will have any right or obligation under this Agreement.

  • 8No Third-Party Beneficiaries This Agreement will not be construed to create any obligation by either ICANN or Registry Operator to any non-party to this Agreement, including any registrar or registered name holder.

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