Interest Reporting. Each Legal Entity and the QI acknowledge and agree that the income earned on funds invested pursuant to the Escrow Agreement will be attributed to Exchangor for income tax purposes.
Appears in 3 contracts
Samples: Master Exchange Agreement (Hertz Corp), Master Exchange Agreement (Hertz Global Holdings Inc), Master Exchange Agreement (Hertz Global Holdings Inc)
Interest Reporting. Each Legal Entity and the QI acknowledge and agree (i) that the income earned on funds invested pursuant to the Escrow Agreement will be attributed to Exchangor for income tax purposes and (ii) for US tax withholding and information reporting purposes, all earnings in any Account will be reported and, as appropriate, taxes will be withheld upon and remitted on an annual basis whether such earnings are distributed or not.
Appears in 2 contracts
Samples: Master Exchange Agreement (Hertz Global Holdings, Inc), Master Exchange Agreement (Hertz Global Holdings Inc)
Interest Reporting. Each Legal Entity The Exchangor and the QI acknowledge and agree that the income earned on funds invested pursuant to the Escrow Agreement will be attributed to the Exchangor for income tax purposes.
Appears in 1 contract
Samples: Master Exchange Agreement (Vanguard Car Rental Group Inc.)
