Common use of Statements and Reports; Fiscal Year Clause in Contracts

Statements and Reports; Fiscal Year. (a) After the end of each fiscal year and within the time period required by applicable laws, rules and regulations, the Trustee shall send to the Registered Owners, at the Sponsor’s expense, an annual report of the Trust for such fiscal year containing financial statements prepared by the Sponsor from information furnished by the Trustee concerning the operations of the Trust and audited by independent accountants designated by the Sponsor and such other information as may be required by such laws, rules and regulations or otherwise, or that the Sponsor determines shall be included. The Trustee may distribute the annual report by any permitted means to the Registered Owners.

Statements and Reports; Fiscal Year. (a) After the end of each fiscal year and within the time period required by applicable laws, rules and regulations, at the Sponsor’s expense, the Trustee shall send to the Registered Owners, Owners at the Sponsor’s expenseend of such fiscal year, an annual report of the Trust for such fiscal year containing financial statements that will be prepared by the Sponsor from information furnished by the Trustee concerning the operations of the Trust and audited by independent accountants designated by the Sponsor and such other information as may be required by such laws, rules and regulations or otherwise, or that which the Sponsor determines shall be included. The Trustee may distribute the annual report by any means permitted means to the Registered Owners.

Statements and Reports; Fiscal Year. (a) After the end of each fiscal year and within the time period required by applicable laws, rules and regulations, the Trustee shall send to the Registered Owners, at the Custodial Sponsor’s expense, an annual report of the Trust for such fiscal year containing financial statements prepared by the Administrative Sponsor from information furnished by the Trustee concerning the operations of the Trust and audited by independent accountants designated by the Sponsor Sponsors and such other information as may be required by such laws, rules and regulations or otherwise, or that the Sponsor determines Sponsors determine shall be included. The Trustee may distribute the annual report by any permitted means to the Registered Owners.