Common use of Annual Securityholders' Tax Statement Clause in Contracts

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 1999, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 1998-3 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 1998-3 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 1998-3 Securityholder, together with, on or before January 31 of each year, beginning in 1999, such other customary information (consistent with the treatment of the Series 1998-3 Securities as debt) as the Trustee or the Servicer deems necessary or desirable to enable the Series 1998-3 Securityholders to prepare their tax returns. Such obligations of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 2 contracts

Samples: Series 1998 (Metris Master Trust), Pooling and Servicing Agreement (Metris Receivables Inc)

AutoNDA by SimpleDocs

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 1999, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 1998-3 2 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 1998-3 2 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 1998-3 2 Securityholder, together with, on or before January 31 of each year, beginning in 1999, such other customary information (consistent with the treatment of the Series 1998-3 2 Securities as debt) as the Trustee or the Servicer deems necessary or desirable to enable the Series 1998-3 2 Securityholders to prepare their tax returns. Such obligations of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Metris Receivables Inc), Series 1998 (Metris Master Trust)

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 19992000, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 19981999-3 1 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 19981999-3 1 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 19981999-3 1 Securityholder, together with, on or before January 31 of each year, beginning in 19992000, such other customary information (consistent with the treatment of the Series 19981999-3 1 Securities as debt) as the Trustee or the Servicer deems necessary or desirable to enable the Series 19981999-3 1 Securityholders to prepare their tax returns. Such obligations of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 19992000, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 19981999-3 2 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 19981999-3 2 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 19981999-3 2 Securityholder, together with, on or before January 31 of each year, beginning in 19992000, such other customary information (consistent with the treatment of the Series 19981999-3 2 Securities as debt) as the Trustee or the Servicer deems necessary or desirable to enable the Series 19981999-3 2 Securityholders to prepare their tax returns. Such obligations of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 19992003, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 19982002-3 4 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 19982002-3 4 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 19982002-3 4 Securityholder, together with, on or before January 31 of each year, beginning in 19992003, such other customary information (consistent with the treatment of the Series 19982002-3 4 Securities as debt) as the Trustee Trustee, the Transferor or the Servicer deems necessary or desirable to enable the Series 19982002-3 4 Securityholders to prepare their tax returns. Such obligations of the Trustee Paying Agent shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Transferor pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 19992005, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 19982004-3 2 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 19982004-3 2 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 19982004-3 2 Securityholder, together with, on or before January 31 of each year, beginning in 19992005, such other customary information (consistent with the treatment of the Series 19982004-3 2 Securities as debt) as the Trustee or the Servicer deems necessary or desirable to enable the Series 19982004-3 2 Securityholders to prepare their tax returns. Such obligations of the Trustee Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Receivables Inc)

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 1999, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 1998-3 2 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 1998-3 2 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 1998-3 2 Securityholder, together with, on or before January 31 of each year, beginning in 1999, such other customary information (consistent with the treatment of the Series 1998-3 Securities as debt) as the Trustee or the Servicer deems necessary or desirable to enable the Series 1998-3 2 Securityholders to prepare their tax returns. Such obligations of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fingerhut Receivables Inc)

AutoNDA by SimpleDocs

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 19992002, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 19982001-3 1 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 19982001-3 1 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 19982001-3 1 Securityholder, together with, on or before January 31 of each year, beginning in 19992002, such other customary information (consistent with the treatment of the Series 19982001-3 1 Securities as debt) as the Trustee or the Servicer deems necessary or desirable to enable the Series 19982001-3 1 Securityholders to prepare their tax returns. Such obligations of the Trustee Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 1999, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 1998-3 1 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 1998-3 1 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 1998-3 1 Securityholder, together with, on or before January 31 of each year, beginning in 1999, such other customary information (consistent with the treatment of the Series 1998-3 Securities as debt) as the Trustee or the Servicer deems necessary or desirable to enable the Series 1998-3 1 Securityholders to prepare their tax returns. Such obligations of the Trustee shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Fingerhut Receivables Inc)

Annual Securityholders' Tax Statement. On or before January 31 of each calendar year, beginning with calendar year 19992003, the Paying Agent shall distribute to each Person who at any time during the preceding calendar year was a Series 19982002-3 Securityholder, a statement prepared by the Servicer containing the information required to be contained in the regular report to Series 19982002-3 Securityholders, as set forth in subclauses (i), (ii) and (iii) above, aggregated for such calendar year or the applicable portion thereof during which such Person was a Series 19982002-3 Securityholder, together with, on or before January 31 of each year, beginning in 19992003, such other customary information (consistent with the treatment of the Series 19982002-3 Securities as debt) as the Trustee Trustee, the Transferor or the Servicer deems necessary or desirable to enable the Series 19982002-3 Securityholders to prepare their tax returns. Such obligations of the Trustee Paying Agent shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Trustee or the Transferor pursuant to any requirements of the Internal Revenue Code as from time to time in effect.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Metris Master Trust)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!