Common use of Trustee Records and Reports Clause in Contracts

Trustee Records and Reports. The Trustee will keep or cause to be kept and maintained accurate books and records reflecting all income, principal and expense transactions, which books and records will be open at all reasonable times for inspection by Party A or its duly authorized representatives, upon at least two (2) Business Days’ prior written notice to the Trustee. The Trustee will furnish statements to Party A and PNM at least as often as annually, as directed by Party A. The Trustee will promptly respond to requests for information related to the administration of the Trust from Party A. When applicable and required by applicable regulations, the Trustee will issue annual IRS Form 1099.

Trustee Records and Reports. The Trustee will must keep or cause to be kept and maintained accurate books and records reflecting all income, principal and expense transactions, which books and records will be open at all reasonable times for inspection by Party A or its duly authorized representatives, upon at least two (2) Business Days’ Days prior written notice to the Trustee. The Trustee will must furnish statements to Party A and PNM the Decommissioning Agent at least as often as annually, as directed by Party A. The Trustee will must promptly respond to requests for information related to the administration of the Decommissioning Trust from Party Party A. When applicable and required by applicable regulations, the Trustee will issue annual IRS Form 1099.

Trustee Records and Reports. The Trustee will must keep or cause to be kept and maintained accurate books and records reflecting all income, principal and expense transactions, which books and records will be open at all reasonable times for inspection by Party A or its duly authorized representatives, upon at least two (2) Business Days’ Days prior written notice to the Trustee. The Trustee will must furnish statements to Party A and PNM the Decommissioning Agent at least as often as annually, as directed by Party A. The Trustee will must promptly respond to requests for information related to the administration of the Decommissioning Trust from Party EXECUTION VERSION A. When applicable and required by applicable regulations, the Trustee will issue annual IRS Form 1099.