Federal Income Tax Allocations. Net income of the Trust for any month, as determined for Federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof), shall be allocated to the Transferor.
Appears in 26 contracts
Samples: Trust Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1), Trust Agreement (First Horizon Asset Sec HELOC Notes Ser 2006-He1), Trust Agreement (First Horizon Asset Securities Inc)
Federal Income Tax Allocations. Net income of the Trust for any month, as determined for Federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof), shall be allocated to the TransferorCertificateholders, pro rata.
Appears in 14 contracts
Samples: Trust Agreement (First Alliance Mortgage Co /De/), Trust Agreement (Oakwood Homes Corp), Trust Agreement (Imc Securities Inc)
Federal Income Tax Allocations. Net income of the Trust for any month, month as determined for Federal federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof), ) shall be allocated to the TransferorCertificateholder, as of the Record Date for such month, in an amount equal to the amount distributable for such month to such Certificateholder.
Appears in 6 contracts
Samples: Trust Agreement (Education Capital I LLC), Trust Agreement (Education Capital I LLC), Trust Agreement (Education Capital I LLC)
Federal Income Tax Allocations. Net income of the Trust for any month, as determined for Federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof), shall be allocated to the Transferorholders of the Certificates.
Appears in 6 contracts
Samples: Trust Agreement (MSCC HELOC Trust 2007-1), Trust Agreement (Heloc Asset-Backed Notes Series 2003-2), Trust Agreement (Morgan Stanley Abs Capital I Inc)
Federal Income Tax Allocations. Net income of the Trust for any month, month as determined for Federal federal income tax purposes (and each item of income, gain, loss loss, credit and deduction entering into the computation thereof), ) shall be allocated to taken into account by the TransferorDepositor as the Holder of the Equity Certificate.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Household Mortgage Funding Corp Iii), Pooling and Servicing Agreement (HFC Revolving Corp), Pooling and Servicing Agreement (HFC Revolving Corp)
Federal Income Tax Allocations. Net income of the Trust for any month, month as determined for Federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof), ) shall be allocated to the TransferorCertificateholder, as of the Record Date for such month, in an amount equal to the amount distributable for such month to such Certificateholder.
Appears in 4 contracts
Samples: Trust Agreement (Student Loan Funding LLC), Trust Agreement (Student Loan Funding LLC), Trust Agreement (Student Loan Funding LLC)
Federal Income Tax Allocations. Net income of the Trust for any month, as determined for Federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof), shall be allocated to the Transferorholders of the Residual Certificates, on a pro rata basis.
Appears in 2 contracts
Samples: Trust Agreement (Mego Financial Corp), Trust Agreement (Mego Mortgage Corp)
