Common use of Trustee's Report Clause in Contracts

Trustee's Report. Within 60 days after the end of each Fiscal Year, the Trustee shall file a written report with the Company containing: (a) A description of investments, receipts, disbursements and other transactions effected by the Trustee during the most recently completed Fiscal Year; (b) An exact description of any asset transferred to the Trustee or transferred by the Trustee to any other person during such Fiscal Year; (c) An exact description of assets sold or purchased by the Trustee during such Fiscal Year, the cost of each item purchased and the net proceeds of each item sold; (d) An exact description of all assets held by the Trustee as of the close of business on the last day of such Fiscal Year, and the cost and fair market value of each item (other than insurance contracts) determined as of the same date; and (e) Any other information required by law to be filed on behalf of the Trust. The information described in subsections (a), (b) and (c), above, may be given in the form of monthly or quarterly reports, if those reports, taken together, contain the required information.

Trustee's Report. Within 60 days after the end of each Fiscal Year, the Trustee shall file a written report with the Company containing: (a) A description of investments, receipts, disbursements and other transactions effected by the Trustee during the most recently completed Fiscal Year; (b) An exact description of any asset transferred to the Trustee or transferred by the Trustee to any other person during such Fiscal Year; (c) An exact description of assets sold or purchased by the Trustee during such Fiscal Year, the cost of each item purchased and the net proceeds of each item sold; (d) An exact description of all assets held by the Trustee as of the close of business on the last day of such Fiscal Year, and the cost and fair market value of each item (other than insurance contractsLife Insurance Policies and Annuity Policies) determined as of the same date; and (e) Any other information required by law to be filed on behalf be- half of the Trust. The information described in subsections (a), (b) and (c), above, may be given in the form of monthly or quarterly reports, if those reports, taken together, contain the required information.