Common use of Tax Information Returns and Reports Clause in Contracts

Tax Information Returns and Reports. SSI will prepare and file with the appropriate governmental agencies, such information, returns and reports as are required to be so filed for reporting (i) dividends and other distributions made, (ii) amounts withheld on dividends and other distributions and payments under applicable Federal and state laws, rules and regulations, and (iii) gross proceeds of sales transactions as required and as the Trusts shall direct SSI. Further, SSI shall prepare and deliver to the Trusts reports showing amounts withheld from dividends and other distributions and payments made for each series of the Trusts.