Common use of Distribution Date Statement Clause in Contracts

Distribution Date Statement. Unless otherwise instructed in writing by the Administrator or the Majority Owners, with each Distribution to an Owner pursuant to Section 5.02, the Trustee shall deliver a “Distribution Date Statement” setting forth, for the period since the preceding Distribution Date (or in the case of the initial Distribution Date, since the formation of the Trust): (a) Income and proceeds received by the Trustee with respect to the Trust Property (other than Recoveries); (b) Amounts paid to the Trustee and the Resident Trustee; (c) Amounts paid to any Person pursuant to a Trust Related Agreement; and (d) Amounts paid for other expenses of the Trust.