Tax Accounts Sample Clauses

Tax Accounts. Section 4.1(eee) of the Disclosure Schedule accurately sets out the status of the following tax accounts as of the Effective Date:
Sample 1
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Tax Accounts. The Vendors covenant to assist and to arrange for their accountants and auditors to assist in the calculation of each of the Tax Accounts and other amounts set out in Section 5.1.27(b) as at November 30, 1995 forthwith following Closing and in no event later than January 15, 1996.
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Tax Accounts. To be eliminated on the same basis as used to derive the Bid Accounts.
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Tax Accounts. To the extent that any Group Company is required to maintain an imputation credit account or other Tax memorandum account, such accounts have been correctly maintained as required by Tax Law and no such account will, on Closing, have: (a)
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Tax Accounts. To the best of the knowledge of the Vendor, the amount of each of the tax accounts for BCR as set forth in its financial records are true and correct in all material aspects.
Sample 1
Tax Accounts. A separate Tax Account shall be established and maintained for each Partner solely for the purpose of determining such Partner’s share of any Net Income, Net Loss, Capital Gain, Capital Loss, Net Capital Gain or Net Capital Loss derived by the Fund in any Fiscal Period. Each Partner’s Tax Account shall be credited with (i) such Partner’s Capital Contributions and (ii) the amount of any Net Income, Capital Gain and Net Capital Gain allocated to such Partner pursuant to Sections 5.5 and 5.6 hereof. Each Partner’s Tax Capital Account shall be debited with (i) the amount of any proceeds payable to such Partner upon any redemption of Units pursuant to Section 6.2 hereof and (ii) the amount of any Net Loss, Capital Loss and Net Capital Loss allocated to such Partner pursuant to Sections 5.5 and 5.6 hereof. The Tax Account of a Substituted Limited Partner shall include the portion allocable to it of the Tax Account of the Limited Partner from whom it acquired Units, as such Tax Account existed on the effective date of the transfer of such Units to such Substituted Limited Partner.
Sample 1

Related to Tax Accounts

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • Separate Accounts The trustee shall maintain within the trust fund a separate account for each Agricultural Contractor that signs the trust agreement to hold deposits made pursuant to this article.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Operating Accounts (a) Maintain its primary operating and other deposit accounts and securities accounts with Bank and Bank’s Affiliates.

  • Deposits to Lock-Box Accounts Deposit or otherwise credit, or cause or permit to be so deposited or credited, to any Lock-Box Account cash or cash proceeds other than Collections of Pool Receivables.

  • Suspense Accounts Any money received in connection with this Guarantee (whether before or after any Incapacity of the Borrower or the Guarantor) may be placed to the credit of a suspense account with a view to preserving the rights of the Bank to prove for the whole of its claims against the Borrower or any other person liable or may be applied in or towards satisfaction of such of the Guaranteed Liabilities as the Bank may from time to time conclusively determine in its absolute discretion.

  • Other Accounts On the date of withdrawal of any Deposit, the Escrow Agent, or the Pass Through Trustee on behalf of the Escrow Agent, shall be entitled to re-deposit with the Depositary any portion thereof and the Depositary shall accept the same for deposit hereunder. Any sums so received for deposit shall be established as a new Deposit and credited to a new Account, all as more fully provided in Section 2.1 hereof, and thereafter the provisions of this Agreement shall apply thereto as fully and with the same force and effect as if such Deposit had been established on the Deposit Date except that (i) such Deposit may not be withdrawn prior to the date seven days after the establishment thereof and (ii) such Deposit shall mature on June 15, 2000 (as such date may be extended from time to time to the fifteenth day after the Delivery Period Termination Date) and bear interest as provided in Section 2.2. The Depositary shall promptly give notice to the Escrow Agent of the account number assigned to any such re-deposit.

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Management Accounts The Management Accounts:

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