Common use of Escrow Agent Reporting Clause in Contracts

Escrow Agent Reporting. Except as required by law, the Escrow Agent shall not be under any duty to file any reports or withhold or deduct any amount in respect of taxes due for payments made pursuant to this Agreement. For tax reporting purposes, the Parent and the Company agree that the Escrow Funds shall, until they are released pursuant to the terms of this Agreement, be treated as owned by the Parent and all investment income earned from the investment of the Escrow Funds (or any portion thereof) in any tax year (or portion thereof) shall be allocated to and reported by the Parent. The Parent and the Company agree to provide the Escrow Agent, upon request, with properly completed Forms W-8BEN or W-9, as applicable.