Common use of STATEMENT OF EARNINGS AND PROFITS Clause in Contracts

STATEMENT OF EARNINGS AND PROFITS. As promptly as practicable, but in any case within thirty (30) days after the Closing Date, the Trust shall furnish to the Acquiring Fund, in such form as is reasonably satisfactory to the Acquiring Fund, a statement of the earnings and profits of the Target Fund for federal income tax purposes, as well as any capital loss carryovers and items that the Acquiring Fund will succeed to and take into account as a result of Section 381 of the Code, and which will be certified by the Treasurer of the Trust.

STATEMENT OF EARNINGS AND PROFITS. As promptly as practicable, but in any case within thirty sixty (3060) days after the Closing Date, the Trust shall furnish to the Acquiring Fund, in such form as is reasonably satisfactory to the Acquiring FundFund and which will be certified by the Trust’s Treasurer, a statement of the earnings and profits of the Target Acquired Fund for U.S. federal income tax purposes, as well as any capital net operating loss carryovers and items capital loss carryovers, that will be carried over to the Acquiring Fund will succeed to and take into account as a result of Section 381 of the Code, and which will be certified by the Treasurer of the Trust.

STATEMENT OF EARNINGS AND PROFITS. As promptly as practicable, but in any case within thirty sixty (3060) days after the Closing Date, the Trust shall furnish to the Acquiring Fund, in such form as is reasonably satisfactory to the Acquiring FundFund and which will be certified by the Trust’s Treasurer, a statement of the earnings and profits of the Target Selling Fund for U.S. federal income tax purposes, as well as any capital net operating loss carryovers and items capital loss carryovers, that will be carried over to the Acquiring Fund will succeed to and take into account as a result of Section 381 of the Code, and which will be certified by the Treasurer of the Trust.