Common use of Federal Information Returns and Reports to Certificateholders; REMIC Administration Clause in Contracts

Federal Information Returns and Reports to Certificateholders; REMIC Administration. (a) For federal income tax purposes, the taxable year of each Series REMIC shall be a calendar year and the Master Servicer shall maintain or cause the maintenance of the books of each Series REMIC on the accrual method of accounting.

Federal Information Returns and Reports to Certificateholders; REMIC Administration. (a) For federal income tax purposes, the taxable year of each Series of REMIC X, REMIC I and REMIC II shall be a calendar year and the Master Servicer Trustee shall maintain or cause the maintenance of the books of each Series such REMIC on the accrual method of accounting.

Federal Information Returns and Reports to Certificateholders; REMIC Administration. (a) For federal income tax purposes, the taxable year of each Series REMIC shall be a calendar year and the Master Servicer shall maintain or cause the maintenance of the books of each Series such REMIC on the accrual method of accounting.