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Code Section 501 (a). <br /> 2.4 Tax Qualification Amendments. Upon execution of this Agreement, <br /> the Trustee shall proceed to make application to the IRS for a favorable ruling as to <br /> the tax-exempt stat�s of the Trust under Code Section 501 (a). Amendments may <br /> be made to this Agreement retroactively to the effective date of this Agreement, <br /> in accordance with the terms of this Agreement, if such amendments are deemed <br /> advisable in order to secure the favorable tax ruling. <br /> 2.5 Expenses of Trust. The Trustee shall pay expenses of the Trust directly <br /> from the Fund. It is expressly agreed that expenses of the Trust will include any and <br /> all amo�nts paid by the Trustee under any agreement with a bank or financial <br /> institution relating to the maintenance of a lockbox and the providing of lockbox <br /> services. <br /> 2.6 Compensation of Trustee. The Trustee shall receive compensation for <br /> its services as trustee in accordance with the schedule agreed upon from time to <br /> time between the Administrator and the Trustee. If such compensation is not paid <br /> on a timely basis, such compensation shall be a charge against the Fund at the � <br /> direction of the Administrator. <br /> 2.7 Taxes. <br /> (a) All taxes that may be levied or assessed upon or in respect of <br /> the Fund shall be paid from the Fund unless they are paid by the Administrator. The <br /> Trustee shall promptly notify the Administrator of any proposed or final assessments <br /> of taxes. Within 15 days after receiving the above notice from the Trustee, the <br /> Administrator shall notify the Trustee in writing that (i) the Trustee shall contest the <br /> validity of such taxes in any manner deemed appropriate by the Administrator; or <br /> (ii) the Administrator itself will contest the validity of any such taxes, and the Trustee <br /> shall have no responsibility or liability respecting such contests; provided that <br /> whichever party to this Agreement contests any proposed levy or assessment of <br /> tax, the other party shall provide such information and cooperation as the party <br /> conducting the contest shall reasonably request. The Trustee may assume that any <br /> proposed or final assessment of taxes are lawfully levied or assessed if the <br /> Administrator fails to advise it in writing to the contrary within 15 days after the <br /> Administrator receives the above notice from the Trustee. <br /> � <br />