Income on Investments. Until such time as the Securities Intermediary receives instructions from the Secured Party to the contrary, the Debtor shall have the right to instruct the Securities Intermediary to transfer any interest or dividends earned with respect to any of the financial assets credited to the Securities Account to it, and the Securities Intermediary will comply with any such instructions.
Income on Investments. All income earned on the Holdback, after payment of expenses incurred in connection therewith, shall be reported as income to Seller and shall be held and released in the same manner as the Holdback in accordance with the terms of this Agreement. Any income earned on the Holdback shall be disbursed by the Escrow Agent to the Seller as and when directed by Seller. Any tax returns required to be prepared and filed will be prepared and filed by Seller with the Internal Revenue Service in all years income is earned, whether or not income is received or distributed in any particular tax year, as and to the extent required by law, and the Escrow Agent shall have no responsibility for the preparation and/or filing or any tax return with respect to any income earned by the Holdback. Any taxes payable on income earned from the investment of any sums held in the escrow account shall be paid by Seller, whether or not the income was distributed by the Escrow Agent during any particular year. Seller agrees to provide the Escrow Agent with a certified tax identification number by signing and returning a Form W-9 to the Escrow Agent prior to the date on which interest or other income is first earned by the Holdback. The Seller understands that, in the event its tax identification number is not certified to the Escrow Agent prior to any income being earned on the Holdback, the Internal Revenue Code of 1986, as amended, may require withholding of a portion of any interest or other income earned on the investment of the Holdback.
Income on Investments. Subject to Section 5.07, at any time each Investor has a percentage ownership interest in the income on all investments made in accordance with an Investment Mandate proportional to the Investor's percentage ownership interest in the aggregate investments made in accordance with an Investment Mandate at that time. Income on investments will be automatically re-invested in accordance with an Investment Mandate on the same basis as investments.
