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. (b) The tax year of the Trust shall end on December 31 of each year. (c) During the course of a tax year, whenever a material event relating to the Trust's Assets occurs, the Trustee 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 in an interim report if an annual report pursuant to Section 5.8(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 Trustee or as may be required by the rules and regulations promulgated by the Securities and Exchange Commission. (d) Title 12, Section 3585 of the Delaware Code shall apply to the Trustee's reports pursuant to this Section.

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. (b) The tax year of the Trust shall end on December 31 of each year. (c) During the course of a tax year, whenever Whenever a material event relating to the Trust's Assets occurs, the Trustee Trustees shall, within a reasonable period of time after such occurrence, prepare and mail to the Beneficiaries an interim issue a publicly available report describing such event. The occurrence of a material event need not be reported in an interim report if an annual report pursuant to Section 5.8(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 Trustee Trustees or as may be required by the rules and regulations promulgated by the Securities and Exchange Commission. (d) Title 12, Section 3585 of the Delaware Code shall apply to the Trustee's reports pursuant to this Section.

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. (b) The tax year of the Trust shall end on December 31 of each year. (c) During the course of a tax year, whenever a material event relating to the Trust's ’s Assets occurs, the Trustee 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 in an interim report if an annual report pursuant to Section 5.8(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 Trustee or as may be required by the rules and regulations promulgated by the Securities and Exchange Commission. (d) Title 12, Section 3585 of the Delaware Indiana Code §30-4-5-12 shall apply to the Trustee's ’s reports pursuant to this Section.

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. (b) The tax year of the Trust shall end on December 31 of each yearyear unless the Trustees deem it advisable to establish some other date as the date on which the tax year of the Trust shall end. (c) During the course of a tax year, whenever a material event relating to the Trust's Assets occurs, the Trustee 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 in on an interim report if an annual report pursuant to Section 5.8(a5.9(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 Trustee Trustees or as may be required by the rules and regulations promulgated by the Securities and Exchange Commission. (d) Title 12, Section 3585 of the Delaware Code shall apply to the Trustee's reports pursuant to this Section.