Tax Basis of Assets Contributed Upon Creation. With respect to any Creation of iShares, the Authorized Participant on behalf of itself and any Authorized Participant Client agrees that any property contributed in consideration for the creation of iShares shall have a basis for tax purposes equal to the fair market value of that property, and acknowledges that the Trust and Investing Pool will rely upon such fair market value basis for purposes of determining and allocating items of income, gain, loss, deduction, basis and other tax items.
Appears in 11 contracts
Samples: Authorized Participant Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC), Authorized Participant Agreement (iShares GS Commodity Energy Indexed Investing Pool LLC), Authorized Participant Agreement (iShares GS Commodity Livestock Indexed Investing Pool LLC)
Tax Basis of Assets Contributed Upon Creation. With respect to any Creation of iShares, the Authorized Participant on behalf of itself and any Authorized Participant Client agrees that any property contributed in consideration for the creation of iShares shall have a basis for tax purposes equal to the fair market value of that property, and acknowledges that the applicable Trust and Investing Pool will rely upon such fair market value basis for purposes of determining and allocating items of income, gain, loss, deduction, basis and other tax items.
Appears in 4 contracts
Samples: Authorized Participant Agreement (iShares GS Commodity Natural Gas Indexed Trust), Authorized Participant Agreement (iShares GS Commodity Industrial Metals Indexed Trust), Authorized Participant Agreement (iShares GS Commodity Non Energy Indexed Trust)
Tax Basis of Assets Contributed Upon Creation. With respect to any Creation of iShares, the Authorized Participant on behalf of itself and any Authorized Participant Client agrees that any property contributed in consideration for the creation of iShares shall have a basis for tax purposes equal to the fair market value of that property, and acknowledges that the Trust and Investing Pool will rely upon such fair market value basis for purposes of determining and allocating items of income, gain, loss, deduction, basis and other tax items.
Appears in 3 contracts
Samples: Authorized Participant Agreement (iShares Dow Jones-Ubs Roll Select Commodity Index Trust), Authorized Participant Agreement (iShares S&P GSCI Commodity-Indexed Investing Pool LLC), Authorized Participant Agreement (iShares Dow Jones-Ubs Roll Select Commodity Index Trust)
