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.
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Samples: Trust Agreement (Fund America Investors Corp Ii), Trust Agreement (HSBC Home Equity Loan Corp I), Trust Agreement (First Horizon Asset Sec HELOC Notes Ser 2007-He1)
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 by the Servicer to the TransferorCertificateholders, pro rata.
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