Common use of Annual Noteholders’ Tax Statement Clause in Contracts

Annual Noteholders’ Tax Statement. Unless otherwise specified in the related Series Supplement, on or before January 31 of each calendar year, beginning with calendar year 2006, the Trustee or the Paying Agent shall furnish to each Person who at any time during the preceding calendar year was a Noteholder a statement prepared by the Issuer (or the Servicer on its behalf) containing the information which is required to be contained in the Monthly Noteholders’ Statements with respect to each Series of Notes aggregated for such calendar year or the applicable portion thereof during which such Person was a Noteholder, together with such other customary information (consistent with the treatment of the Notes as debt) as the Issuer or the Servicer deems necessary or desirable to enable the Noteholders to prepare their tax returns (each such statement, an “Annual Noteholders’ Tax Statement”). Such obligations of the Issuer to prepare and the Trustee or the Paying Agent to distribute the Annual Noteholders’ Tax Statement shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Paying Agent pursuant to any requirements of the Code as from time to time in effect.

Appears in 2 contracts

Samples: Vanguard Car Rental Group Inc., Vanguard Car Rental Group Inc.

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Annual Noteholders’ Tax Statement. Unless otherwise specified in the related applicable Series Supplement, on or before January 31 of each calendar year, beginning with calendar year 20062011, the Trustee or the Paying Agent shall furnish to each Person who at any time during the preceding calendar year was a an Indenture Noteholder a statement prepared by the Issuer (or the Servicer on its behalf) ZVF containing the information which is required to be contained in the Monthly Noteholders’ Statements with respect to each such Series of Indenture Notes aggregated for such calendar year or the applicable portion thereof during which such Person was a an Indenture Noteholder, together with such other customary information (consistent with the treatment of the Indenture Notes as debt) as the Issuer or the Servicer ZVF deems necessary or desirable to enable the Indenture Noteholders to prepare their tax returns (each such statement, an “Annual Noteholders’ Tax Statement”). Such obligations of the Issuer ZVF to prepare and the Trustee or the Paying Agent to distribute the Annual Noteholders’ Tax Statement shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Paying Agent pursuant to any requirements of the Code as from time to time in effect.

Appears in 2 contracts

Samples: Administration Agreement (Zipcar Inc), Collateral Agency Agreement (Zipcar Inc)

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