INFORMATION AND REPORTING OBLIGATIONS Sample Clauses

INFORMATION AND REPORTING OBLIGATIONS. Tax Status of Your IRA: It is intended that while monies remain in your IRA account, that your IRA account will remain exempt from tax. If you engage in a Prohibited Transaction, invest any amount in your IRA in a collectible and/or invest in organizations or arrangements that generate Unrelated Business Taxable Income (see below), income taxes or other forms of taxes may be imposed, even while monies remain in your IRA. Some states and localities may have their own income and estate tax requirements. The rules governing the imposition of these taxes may differ from those of the federal government with respect to IRAs. It is recommended that you consult with your tax advisor or attorney or in this regard. Federal Estate and Gift Taxes: Generally, the value of your IRA will be included in your gross estate for estate tax purposes. The amount of any estate tax will depend on the size of your taxable estate. If your spouse is your Beneficiary however, the value of your IRA may qualify for the "marital deduction" under Code Section 2056. Designation of a Beneficiary for your IRA is not considered a transfer or gift of property for federal gift tax purposes. It is recommended that you consult with your tax advisor or attorney and/or review IRS Publication 950 for more information on Estate and Gift Taxes. Unrelated Business Taxable Income: There is an exception to the tax-exempt status of your IRA in the case of investments in certain organizations such as limited partnerships. Unrelated Business Taxable Income (UBTI) from such partnerships and similar investments may be taxable to your IRA if in the aggregate, the UBTI from all such investments exceeds $1,000 on an annual basis. These taxes are comparable to an investment expense of your IRA account and cannot be paid by you separately. Xxxxxxx Xxxxx & Associates, Inc., as Custodian of your IRA may liquidate any assets in your account in any year to satisfy a UBTI tax obligation. If you deposit an amount into your IRA to pay these taxes in order to avoid the liquidation of an asset, the amount deposited will be treated as a regular IRA contribution for the taxable year in which the deposit is made. If any investment generates a UBTI loss or gain, you may prepare or have prepared on your behalf, any tax returns or forms, including IRS Form 990-T, required to be filed with the IRS. If you timely notify Xxxxxxx Xxxxx & Associates, Inc., of the presence of reportable UBTI in your account, Xxxxxxx Xxxxx & Associate...
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INFORMATION AND REPORTING OBLIGATIONS. Tax Status of Your XXX: It is intended that while monies remain in your XXX account, that your XXX account will remain exempt from tax. If you engage in a Prohibited Transaction, invest any amount in your XXX in a collectible and/or invest in organizations or arrangements that generate Unrelated Business Taxable Income (see below), income taxes or other forms of taxes may be imposed, even while monies remain in your XXX. Some states and localities may have their own income and estate tax requirements. The rules governing the imposition of these taxes may differ from those of the federal government with respect to IRAs. It is recommended that you consult with your tax advisor or attorney or in this regard. Federal Estate and Gift Taxes: Generally, the value of your XXX will be included in your gross estate for estate tax purposes. If your spouse is your Beneficiary however, the value of your XXX may qualify for the “marital deduction” under Code Section 2056. Designation of a Beneficiary for your XXX is not considered a transfer or gift of property for federal gift tax purposes. However, transfers of your XXX assets to a named Beneficiary made during your life and at your request may be subject to federal gift tax under Code Section 2501. It is recommended that you consult with your tax advisor or attorney and/or review IRS Publication 950 for more information on Estate and Gift Taxes.
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INFORMATION AND REPORTING OBLIGATIONS. Without prejudice to Clause 10, each Grantor shall promptly inform the Collateral Agent if it makes any material additions to or deletions from the Collateral and shall agree to (i) any consequential amendments to any relevant Schedules with the Collateral Agent and (ii) any replacement of such Collateral as the Collateral Agent may reasonably require. If (i) a Grantor becomes aware of any action, event or circumstance which could adversely affect the value, saleability or use of any of the assets or undertakings that it has charged under this Debenture, or (ii) each Grantor becomes aware of any action or proceeding by a creditor, supplier or other person to seize or repossesses any of the assets or undertakings that it has charged under this Debenture, then in each case it shall promptly notify the Collateral Agent in writing and provide details of the same, and at the cost of each Grantor, it shall take such action as the Collateral Agent may reasonably require regarding such action, event, circumstance or proceeding.
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INFORMATION AND REPORTING OBLIGATIONS 
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Related to INFORMATION AND REPORTING OBLIGATIONS

  • Information and Reports The contractor will provide all information and reports required by the Acts, the Regulations, and directives issued pursuant thereto and will permit access to its books, records, accounts, other sources of information, and its facilities as may be determined by the sponsor or the Federal Aviation Administration to be pertinent to ascertain compliance with such Nondiscrimination Acts And Authorities and instructions. Where any information required of a contractor is in the exclusive possession of another who fails or refuses to furnish the information, the contractor will so certify to the sponsor or the Federal Aviation Administration, as appropriate, and will set forth what efforts it has made to obtain the information.

  • Information and Reporting The Adviser shall provide the Trust and its respective officers with such periodic reports concerning the obligations the Adviser has assumed under this Agreement as the Trust may from time to time reasonably request.

  • Financial Information and Reporting (a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied (except as noted therein or as disclosed to the recipients thereof), and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied.

  • Information and Reporting Requirements 63 7.1 Financial and Business Information.........................................................63 7.2

  • Basic Financial Information and Reporting (a) The Company will maintain true books and records of account in which full and correct entries will be made of all its business transactions pursuant to a system of accounting established and administered in accordance with generally accepted accounting principles consistently applied, and will set aside on its books all such proper accruals and reserves as shall be required under generally accepted accounting principles consistently applied.

  • Reporting Obligations As long as any Holder shall own Registrable Securities, the Company, at all times while it shall be a reporting company under the Exchange Act, covenants to file timely (or obtain extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof pursuant to Sections 13(a) or 15(d) of the Exchange Act and to promptly furnish the Holders with true and complete copies of all such filings. The Company further covenants that it shall take such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell shares of Common Stock held by such Holder without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 promulgated under the Securities Act (or any successor rule promulgated thereafter by the Commission), including providing any legal opinions. Upon the request of any Holder, the Company shall deliver to such Holder a written certification of a duly authorized officer as to whether it has complied with such requirements.

  • Confirmations and Reports (1) The Transfer Agent shall furnish the following information to the Fund, or other party at the direction of the Fund pursuant to Proper Instructions, upon request:

  • Inspection and Reporting Each Grantor shall permit the Collateral Agent, or any agent or representatives thereof or such attorneys, accountant or other professionals or other Persons as the Collateral Agent may designate (at Grantors’ sole cost and expense) (i) to examine and make copies of and abstracts from any Grantor’s Records and books of account, (ii) to visit and inspect its properties, (iii) to verify materials, leases, Instruments, Accounts, Inventory and other assets of any Grantor from time to time, and (iv) to conduct audits, physical counts, appraisals, valuations and/or examinations at the locations of any Grantor. Each Grantor shall also permit the Collateral Agent, or any agent or representatives thereof or such attorneys, accountants or other professionals or other Persons as the Collateral Agent may designate to discuss such Grantor’s affairs, finances and accounts with any of its directors, officers, managerial employees, attorneys, independent accountants or any of its other representatives. Without limiting the foregoing, the Collateral Agent may, at any time, in the Collateral Agent’s own name, in the name of a nominee of the Collateral Agent, or in the name of any Grantor communicate (by mail, telephone, facsimile or otherwise) with the Account Debtors of such Grantor, parties to contracts with such Grantor and/or obligors in respect of Instruments or Pledged Debt of such Grantor to verify with such Persons, to the Collateral Agent’s satisfaction, the existence, amount, terms of, and any other matter relating to, Accounts, Instruments, Pledged Debt, Chattel Paper, payment intangibles and/or other receivables.

  • Accounts and Reports The Company shall maintain a standard system of accounting in accordance with generally accepted accounting principles consistently applied and provide, at its sole expense, to the Secured Party the following:

  • Information and Records (a) Lessee shall promptly furnish to Lessor all such information as Lessor may from time to time reasonably request regarding the Aircraft or any part thereof, its use, registration, location and condition. In addition, Lessee shall, on each Maintenance Payments Date and the Termination Date, furnish to Lessor a monthly maintenance status report substantially in the form of Schedule 5.

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