Common use of Appointment of Tax Matters Person Clause in Contracts

Appointment of Tax Matters Person. A Tax Matters Person will be appointed for the REMIC created hereunder for all purposes of the Code and such Tax Matters Person will perform, or cause to be performed, such duties and take, or cause to be taken, such actions as are required to be performed or taken by the Tax Matters Person under the Code. The Tax Matters Person for the REMIC created hereunder shall be the Trustee as long as it owns a Class R Certificate. If the Trustee does not own a Class R Certificate, the Tax Matters Person may be any other entity that owns a Class R Certificate and accepts a designation hereunder as Tax Matters person by delivering an affidavit in the form of Exhibit I.

Appointment of Tax Matters Person. A Tax Matters Person will be appointed for the each REMIC created hereunder for all purposes of the Code and such Tax Matters Person will perform, or cause to be performed, such duties and take, or cause to be taken, such actions as are required to be performed or taken by the Tax Matters Person under the Code. The Tax Matters Person for the each REMIC created hereunder shall be the Trustee as long as it owns a Class R Certificate. If the Trustee does not own a Class R Certificate, the Tax Matters Person may be any other entity that owns a Class R Certificate and accepts a designation hereunder as Tax Matters person by delivering an affidavit in the form of Exhibit I.

Appointment of Tax Matters Person. A Tax Matters Person will be appointed for the REMIC created hereunder Trust for all purposes of the Code and such Tax Matters Person will perform, or cause to be performed, such duties and take, or cause to be taken, such actions as are required to be performed or taken by the Tax Matters Person under the Code. The Tax Matters Person for the REMIC created hereunder Trust shall be the Trustee [Trustee] as long as it owns a Class R Certificate. If the Trustee [Trustee] does not own a Class R Certificate, the Tax Matters Person may be any other entity that owns a Class R Certificate and accepts a designation hereunder as Tax Matters person by delivering an affidavit in the form of Exhibit I.1. [Trustee] shall notify the Trustee in writing of the name and address of another person who accepts a designation as Tax Matters Person hereunder.

Appointment of Tax Matters Person. A Tax Matters Person will be appointed for the REMIC created hereunder Estate for all purposes of the Code and such Tax Matters Person will perform, or cause to be performed, such duties and take, or cause to be taken, such actions as are required to be performed or taken by the Tax Matters Person under the Code. The Tax Matters Person for the REMIC created hereunder Estate shall be the Trustee The Bank of New York as long as it owns a Class R Certificate. If the Trustee The Bank of New York does not own a Class R Certificate, the Tax Matters Person may be any other entity that owns a Class R Certificate and accepts a designation hereunder as Tax Matters person by delivering an affidavit in the form of Exhibit I.I. The Seller shall notify the Trustee in writing of the name and address of another person who accepts a designation as Tax Matters Person hereunder.

Appointment of Tax Matters Person. A Tax Matters Person will be appointed for the REMIC created hereunder for all purposes of the Code and such Tax Matters Person will perform, or cause to be performed, such duties and take, or cause to be taken, such actions as are required to be performed or taken by the Tax Matters Person under the Code. The Tax Matters Person for the REMIC created hereunder shall be the Trustee ContiFunding Corporation as long as it owns a Class R Certificate. If the Trustee ContiFunding Corporation does not own a Class R Certificate, as the case may be, the Tax Matters Person may be any other entity that owns such a Class R Certificate and accepts a designation hereunder as Tax Matters person by delivering an affidavit in the form of Exhibit I.I. ContiFunding Corporation shall notify the Trustee in writing of the name and address of another person who accepts a designation as Tax Matters Person hereunder.

Appointment of Tax Matters Person. A Tax Matters Person will be appointed for the REMIC created hereunder Estate for all purposes of the Code and such Tax Matters Person will perform, or cause to be performed, such duties and take, or cause to be taken, such actions as are required to be performed or taken by the Tax Matters Person under the Code. The Tax Matters Person for the REMIC created hereunder Estate shall be the Trustee The Chase Manhattan Bank as long as it owns a Class R Certificate. If the Trustee The Chase Manhattan Bank does not own a Class R Certificate, the Tax Matters Person may be any other entity that owns a Class R Certificate and accepts a designation hereunder as Tax Matters person by delivering an affidavit in the form of Exhibit I.I. The Seller shall notify the Trustee in writing of the name and address of another person who accepts a designation as Tax Matters Person hereunder.