Common Contracts

TRUST AGREEMENT OF

Trust Agreement • May 2nd, 2017 • Delaware

• Contract Type
  Trust Agreement
• Filed
  May 2nd, 2017
• Jurisdiction
  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.