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 Trust for all purposes of the Code, and such Tax Matters Person will perform, or cause to be performed through agents, 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 Trust shall be First Alliance Portfolio Services, Inc. as long as it owns a Class R Certificate or, if First Alliance Portfolio Services, Inc. does not own a Class R Certificate, may be any other entity selected by First Alliance Portfolio Services, Inc. that owns a Class R Certificate.

Appointment of Tax Matters Person. A Tax Matters Person will be appointed for the Trust for all purposes of the Code, and such Tax Matters Person will perform, or cause to be performed through agents, 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 Trust shall be First Alliance Portfolio Services, Inc. Residual Holding Company as long as it owns a Class R Certificate or, if First Alliance Portfolio Services, Inc. Residual Holding Company does not own a Class R Certificate, may be any other entity selected by First Alliance Portfolio Services, Inc. Residual Holding Company that owns a Class R Certificate.