Common use of Payment of Taxes, Duties, Etc. of the Trust Clause in Contracts

Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Notes of Additional Tax Sums and upon the written direction of the Administrative Trustees, the Property Trustee shall promptly pay, solely out of monies on deposit pursuant to this Trust Agreement, any Additional Taxes imposed on the Trust by the United States or any other taxing authority.

Appears in 44 contracts

Samples: Trust Agreement (Great Wolf Resorts, Inc.), Trust Agreement (Capstead Mortgage Corp), Trust Agreement

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Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Notes of Additional Tax Sums and upon the written direction of the Administrative Trustees, the Property Trustee shall promptly pay, solely out of monies on deposit pursuant to this Trust Agreement, any Additional Taxes properly imposed and to which the Trust is not reasonably objecting on the Trust by the United States or any other taxing authority.

Appears in 3 contracts

Samples: Trust Agreement (Deerfield Triarc Capital Corp), Trust Agreement (Deerfield Triarc Capital Corp), Trust Agreement (Deerfield Triarc Capital Corp)

Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Notes Debentures of Additional Tax Sums and upon (as defined in Section 1.1 of the Indenture), the Property Trustee, at the written direction of an Administrative Trustee or the Administrative TrusteesDepositor, the Property Trustee shall promptly paypay any taxes, solely out duties or governmental charges of monies on deposit pursuant to this Trust Agreement, any Additional Taxes whatsoever nature (including withholding taxes) imposed on the Trust by the United States or any other taxing authority.

Appears in 2 contracts

Samples: Trust Agreement (Alabama National Bancorporation), Trust Agreement (San Rafael Bancorp)

Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Notes Debentures of any Additional Tax Sums and upon in its possession, the Property Trustee shall, at the written direction of the an Administrative TrusteesTrustee, the Property Trustee shall promptly paypay any taxes, solely out duties or governmental charges of monies on deposit pursuant to this Trust Agreement, any Additional Taxes whatsoever nature (other than withholding taxes) imposed on the Trust by the United States or any other taxing authority.

Appears in 2 contracts

Samples: Trust Agreement (PartnerRe Finance B LLC), Trust Agreement (PartnerRe Finance B LLC)

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Payment of Taxes, Duties, Etc. of the Trust. Upon receipt under the Notes Debentures of Additional Tax Sums and upon the written direction of any of the Administrative Trustees, the Property Trustee shall promptly pay, solely out of monies moneys on deposit pursuant to this Trust Agreement, any Additional Taxes imposed on the Trust by the United States or any other taxing authority.

Appears in 1 contract

Samples: Trust Agreement (Bear Stearns Capital Trust Iv)

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