Common Contracts
1 similar Pt Agreement contracts
TRUST AGREEMENT OFPt Agreement • May 2nd, 2017 • Delaware
All parties shall treat the Property Trust, for U.S. federal income tax purposes, consistent with the tax treatment determined by the PT Trustee. The PT Trustee shall be responsible for filing all federal, state, local and non-U.S. tax returns and paying taxes, if any, for the Property Trust. The Property Trust shall comply with all withholding and reporting requirements imposed by any federal, state, local, or non-U.S. taxing authority, and all distributions made by the Property Trust shall be subject to any such withholding and reporting requirements. Amounts properly withheld from distributions to recipient beneficiaries and paid over to any Governmental Unit will be treated as amounts distributed to the recipient beneficiary.
