Common use of Reports to Beneficiaries and Others Clause in Contracts

Reports to Beneficiaries and Others. (a) As soon as practicable after the Transfer Date, the Trustee will mail to each Beneficiary a notice indicating how many Units such person beneficially owns and the Trustee's address and other contact information. As soon as practicable after the end of each tax year and after termination of the Trust, but in any event within 90 days after each such event, the Trustee shall submit a written report and account to the Beneficiaries showing (i) the assets and liabilities of the Trust at the end of such taxable year or upon termination and the receipts and disbursements of the Trustee for such taxable year or period, prepared in accordance with generally accepted accounting principles, (ii) any changes in the Trust Assets and Liabilities that they have not previously reported, (iii) statements of cash flow for such taxable year, and (iv) any action taken by the Trustee in the performance of its duties under this Agreement that it has not previously reported, and which, in its opinion, materially affects the Trust Assets or Liabilities.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (Shelbourne Properties Iii Inc), Liquidating Trust Agreement (Shelbourne Properties Ii Inc)

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Reports to Beneficiaries and Others. (a) As soon as practicable after the Transfer Date, the Trustee Trustees will mail to each Beneficiary a notice indicating how many Units such person beneficially owns and the Trustee's address and other contact informationdetails of the Trustees. As soon as practicable after the end of each tax year and after termination of the Trust, but in any event within 90 days after each such event, the Trustee Trustees shall submit a written report and account to the Beneficiaries showing (i) the assets and liabilities of the Trust at the end of such taxable year or upon termination and the receipts and disbursements of the Trustee Trustees for such taxable year or period, prepared in accordance with generally accepted accounting principles, (ii) any changes in the Trust Assets and Liabilities that they have not previously reported, and (iii) statements of cash flow for such taxable year, and (iv) any action taken by the Trustee Trustees in the performance of its their duties under this Agreement that it has they have not previously reported, and which, in its their opinion, materially affects the Trust Assets or Liabilities.

Appears in 1 contract

Samples: Liquidating Trust Agreement (BPP Liquidating Trust)

Reports to Beneficiaries and Others. (a) As soon as practicable after the Transfer Date, the Trustee Trustees will mail mail, or will cause to be mailed, to each Beneficiary a notice indicating how many Units such person beneficially owns and the Trustee's Trustees' address and other contact information. As soon as practicable after the end of each tax year and after termination of the Trust, but in any event within 90 days after each such event, the Trustee Trustees shall submit a written report and account to the Beneficiaries showing (i) the assets and liabilities of the Trust at the end of such taxable year or upon termination and the receipts and disbursements of the Trustee Trustees for such taxable year or period, prepared in accordance with generally accepted accounting principles, (ii) any changes in the Trust Assets and Liabilities that they have not previously been reported, (iii) statements of cash flow for such taxable year, and (iviii) any action taken by the Trustee Trustees in the performance of its their duties under this Agreement that it has not previously been reported, and which, in its their opinion, materially affects the Trust Assets or Liabilities.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Winthrop Realty Trust)

Reports to Beneficiaries and Others. (a) As soon as practicable after the Transfer Date, the Trustee will mail to each Beneficiary a notice indicating how many Units such person beneficially owns and the contact details of the Trustee's address and other contact information. As soon as practicable after the end of each tax year and after termination of the Trust, but in any event within 90 days after each such event, the Trustee shall submit a written report and account to the Beneficiaries showing (i) the assets and liabilities of the Trust at the end of such taxable year or upon termination and the receipts and disbursements of the Trustee for such taxable year or period, on an unaudited basis prepared in accordance with generally accepted accounting principles, (ii) any material changes in the Trust Assets and Liabilities that they have the Trustee has not previously reported, and (iii) statements of cash flow for such taxable year, and (iv) any action taken by the Trustee in the performance of its his duties under this Agreement that it the Trustee has not previously reported, and which, in its his opinion, materially affects the Trust Assets or Liabilities.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Advanced Switching Communications Inc)

Reports to Beneficiaries and Others. (a) As soon as practicable after the Transfer Date, the Trustee will mail to each Beneficiary a notice indicating how many Units such person beneficially owns and the Trustee's ’s address and other contact information. As soon as practicable after the end of each tax year and after termination of the Trust, but in any event within 90 days after each such event, the Trustee shall submit a written report and account to the Beneficiaries showing (i) the assets and liabilities of the Trust at the end of such taxable year or upon termination and the receipts and disbursements of the Trustee for such taxable year or period, prepared in accordance with generally accepted accounting principles, (ii) any changes in the Trust Assets and Liabilities that they have not previously reported, (iii) statements of cash flow for such taxable year, and (iv) any action taken by the Trustee in the performance of its duties under this Agreement that it has not previously reported, and which, in its opinion, materially affects the Trust Assets or Liabilities.

Appears in 1 contract

Samples: Liquidating Trust Agreement (All American Group Inc)

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Reports to Beneficiaries and Others. (a) As soon as practicable after the Transfer Date, the Trustee Trustees will mail to each Beneficiary a notice indicating how many Units such person beneficially owns and the Trustee's address Trustees’ addresses and other contact information. As soon as practicable after the end of each tax year and after termination of the Trust, but in any event within 90 days after each such event, the Trustee Trustees shall submit a written report and account to the Beneficiaries showing (i) the assets and liabilities of the Trust at the end of such taxable year or upon termination and the receipts and disbursements of the Trustee Trustees for such taxable year or period, prepared in accordance with generally accepted accounting principles, (ii) any changes in the Trust Assets and Liabilities that they have not previously reported, (iii) statements of cash flow net assets and changes in net assets for such taxable year, year and (iv) any action taken by the Trustee Trustees in the performance of its their duties under this Agreement that it has not previously reported, and which, in its opinion, materially affects the Trust Assets or Liabilities.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (G REIT Liquidating Trust)

Reports to Beneficiaries and Others. (a) As soon as practicable after the Transfer Date, the Trustee will mail to each Beneficiary a notice indicating how many Units such person beneficially owns and the Trustee's ’s address and other contact information. As soon as practicable after the end of each tax year and after termination of the Trust, but in any event within 90 days after each such event, the Trustee shall submit a written report and account to the Beneficiaries showing (i) the assets and liabilities of the Trust at the end of such taxable year or upon termination and the receipts and disbursements of the Trustee for such taxable year or period, prepared in accordance with generally accepted accounting principles, (ii) any changes in the Trust Assets and Liabilities that they have not previously reported, (iii) statements of cash flow net assets and changes in net assets for such taxable year, year and (iv) any action taken by the Trustee in the performance of its duties under this Agreement that it has not previously reported, and which, in its opinion, materially affects the Trust Assets or Liabilities.

Appears in 1 contract

Samples: Agreement and Declaration of Trust (T Reit Liquidating Trust)

Reports to Beneficiaries and Others. (a) As soon as practicable after the Transfer Date, the Trustee will mail to each Beneficiary a notice indicating how many Units such person beneficially owns and the Trustee's address and other contact information. As soon as practicable after the end of each tax year and after termination of the Trust, but in any event within 90 days after each such event, the Trustee shall submit a written report and account to the Beneficiaries showing (i) the assets and liabilities of the Trust at the end of such taxable year or upon termination and the receipts and disbursements of the Trustee for such taxable year or period, prepared in accordance with generally accepted accounting principles, (ii) any changes in the Trust Assets and Liabilities that they have not previously reported, (iii) statements of cash flow for such taxable year, year and (iv) any action taken by the Trustee in the performance of its duties under this Agreement that it has not previously reported, and which, in its opinion, materially affects the Trust Assets or Liabilities.

Appears in 1 contract

Samples: Liquidating Trust Agreement (Shelbourne Properties I Inc)

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