Federal Information Returns and Reports to Certificateholders. (a) For Federal income tax purposes, the taxable year of each of REMIC I and REMIC II shall be a calendar year and the Trustee shall maintain or cause the maintenance of the books of each of REMIC I and REMIC II Assets on the accrual method of accounting.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc), Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc), Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc)
Federal Information Returns and Reports to Certificateholders. (a) For Federal federal income tax purposes, the taxable year of each of REMIC I and REMIC II shall be a calendar year and the Trustee Master Servicer shall maintain or cause the maintenance of the books of each of Series REMIC I and REMIC II Assets on the accrual method of accounting.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc), Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc)
Federal Information Returns and Reports to Certificateholders. (a) For Federal income tax purposes, the taxable year of each of the REMIC I and REMIC II Trust shall be a calendar year and the Trustee shall maintain or cause the maintenance of the books of each of the REMIC I and REMIC II Assets Trust assets on the accrual method of accounting.
Appears in 3 contracts
Samples: Pooling Agreement (Bear Stearns Mortgage Securities Inc), Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc), Pooling Agreement (Bear Stearns Mortgage Securities Inc)
Federal Information Returns and Reports to Certificateholders. (a) For Federal income tax purposes, the taxable year of each of the REMIC I and REMIC II Assets shall be a calendar year and the Trustee shall maintain or cause the maintenance of the books of each of the REMIC I and REMIC II Assets on the accrual method of accounting.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Samco Mortgage Securities Corp)
Federal Information Returns and Reports to Certificateholders. (a) For Federal federal income tax purposes, the taxable year of each of REMIC I 1 and REMIC II 2 shall be a calendar year and the Trustee shall maintain or cause the maintenance of the books of each of REMIC I 1 and REMIC II Assets 2 on the accrual method of accounting.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Federal Information Returns and Reports to Certificateholders. (a) For Federal federal income tax purposes, the taxable year of each of the REMIC I and REMIC II shall be a calendar year and the Trustee shall maintain or cause the maintenance of the books of each of the REMIC I and REMIC II Assets on the accrual method of accounting.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Federal Information Returns and Reports to Certificateholders. (a) For Federal income tax purposes, the taxable year of each of the REMIC I and REMIC II Assets shall be a calendar year and the Trustee shall maintain or cause the maintenance of the books of each of the REMIC I and REMIC II Assets on the accrual method of accounting.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc)
