Common use of Tax Conventions Clause in Contracts

Tax Conventions. (a) For purposes of Sections 1, 2 and 3, the Trustee shall cause the Trust to adopt such conventions as may be necessary or appropriate in the Trustee’s reasonable discretion in order to comply with applicable law, including Section 706 of the Code and the Treasury Regulations or rulings promulgated thereunder, or to allocate items of the Trust’s income, gain, loss, expenses, deductions and credits in a manner that reflects Beneficial Owner’s Shares. The Trustee may revise, alter or otherwise modify such conventions in accordance with the standard established in the prior sentence.

Tax Conventions. (a) For purposes of Sections 1, 2 and 3, the Administrative Trustee shall cause the Trust to adopt such conventions as may be necessary or appropriate in the Administrative Trustee’s reasonable discretion in order to comply with applicable law, including Section 706 of the Code and the Treasury Regulations or rulings promulgated thereunder, or to allocate items of the Trust’s income, gain, loss, expenses, deductions and credits in a manner that reflects Beneficial Owner’s Shares. The Administrative Trustee may revise, alter or otherwise modify such conventions in accordance with the standard established in the prior sentence.

Tax Conventions. (a) For purposes of Sections 1, 2 and 3, the Administrative Trustee shall cause the Trust to adopt such conventions as may be necessary or appropriate in the Administrative Trustee’s 's reasonable discretion in order to comply with applicable law, including Section 706 of the Code and the Treasury Regulations or rulings promulgated thereunder, or to allocate items of the Trust’s 's income, gain, loss, expenses, deductions and credits in a manner that reflects Beneficial Owner’s 's Shares. The Administrative Trustee may revise, alter or otherwise modify such conventions in accordance with the standard established in the prior sentence.

Tax Conventions. (a) For purposes of Sections 1, 2 and 3, the Trustee shall cause the Trust to adopt such conventions as may be necessary or appropriate in the Trustee’s 's reasonable discretion in order to comply with applicable law, including Section 706 of the Code and the Treasury Regulations or rulings promulgated thereunder, or to allocate items of the Trust’s 's income, gain, loss, expenses, deductions and credits in a manner that reflects Beneficial Owner’s 's Shares. The Trustee may revise, alter or otherwise modify such conventions in accordance with the standard established in the prior sentence.