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:
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.

  • Rights of Beneficiaries Each Beneficiary shall be entitled to participate in the rights and benefits due to a Beneficiary hereunder according to his Beneficial Interest. Each Beneficiary shall take and hold the same subject to all the terms and provisions of this Agreement. The interest of the Beneficiary hereby is declared and shall be in all respects personal property and upon the death of an individual Beneficiary, his Beneficial Interest shall pass as personal property to his legal representative and such death shall in no way terminate or affect the validity of this Agreement, provided that the Trustee shall not be required to evidence a book entry transfer of a deceased Beneficiary’s Beneficial Interest to his legal representative until the Trustee shall have received Letters Testamentary or Letters of Administration and written notice of the death of the deceased Beneficiary. A Beneficiary shall have no title to, right to, possession of, management of, or control of, the Trust Assets except as herein expressly provided. No widower, widow, heir, or devisee of any person who may be a Beneficiary shall have any right of dower, homestead, or inheritance, or of partition, or of any other right, statutory or otherwise, in any property forming a part of Trust Assets but the whole title to the Trust Assets shall be vested in the Trustee and the sole interest of the applicable Beneficiaries shall be the rights and benefits given to such Persons under this Agreement.

  • 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 amounts to be received under this Agreement. Such designation must be in the form of a signed writing acceptable to the Board or the Board's designee. The Executive may make or change such designation 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.

  • 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.

  • Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

  • No Third Party Beneficiaries This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

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