Common use of Information Reports Clause in Contracts

Information Reports. (i) Seller will report to applicable taxing authorities and holders of Deposit Account Liabilities transferred on the Closing Date, with respect to all periods through the close of business on the Closing Date, all interest credited, withheld from and any early withdrawal penalties imposed upon the Deposit Account Liabilities and Purchaser will report to the applicable taxing authorities and holders of Deposit Account Liabilities, with respect to all periods commencing after the Closing Date all such interest credited to, withheld from and early withdrawal penalties imposed upon such Deposit Account Liabilities. Seller will continue backup withholding and remittance through the close of business on the Closing Date. Any amounts required by any governmental agencies to be withheld from any of the Deposit Account Liabilities through the close of business on the Closing Date will be withheld by Seller in accordance with applicable law or appropriate notice from any governmental agency and will be remitted by Seller to the appropriate agency on or prior to the applicable due date. Any such withholding required to be made subsequent to the Closing Date shall be withheld by Purchaser in accordance with applicable law or the appropriate notice from any governmental agency and will be remitted by Purchaser to the appropriate agency on or prior to the applicable due date. (ii) Unless otherwise agreed by the parties, Seller shall be responsible for delivering to payees all Form 1099s with respect to information reporting and tax identification numbers required to be delivered for all periods through the close of business on the Closing Date with respect to the Deposit Account Liabilities, including the payment of Accrued Interest through the Closing Date, and Purchaser shall be responsible for delivery to payees all such notices required to be delivered for all periods following the Closing Date with respect to the Deposit Account Liabilities. Purchaser and Seller shall, prior to the Closing Date, consult (and Seller shall reasonably cooperate) to permit Purchaser timely to deliver notices required to be delivered after the Closing Date.

Information Reports. (ia) Seller will report to applicable taxing authorities and holders of Deposit Account Liabilities Liability accounts transferred on the Closing Date, with respect to all periods through the close of business on the Closing Date, all interest credited, withheld from and any early withdrawal penalties imposed upon the Deposit Account Liabilities Liability accounts and Purchaser will report to the applicable taxing authorities and holders of Deposit Account LiabilitiesLiability accounts, with respect to all periods commencing after the Closing Date Date, all such interest credited to, withheld from from, and early withdrawal penalties imposed upon upon, such Deposit Account LiabilitiesLiability accounts. Seller will continue backup withholding and remittance through the close of business on the Closing Date. Any amounts required by any governmental agencies Governmental Entities to be withheld from any of the Deposit Account Liabilities Liability accounts through the close of business on the Closing Date will be withheld by Seller in accordance with applicable law Law or appropriate notice from any governmental agency Governmental Entity and will be remitted by Seller to the appropriate agency on or prior to the applicable due date. Any such withholding required to be made subsequent to the Closing Date shall be withheld by Purchaser in accordance with applicable law Law or the appropriate notice from any governmental agency Governmental Entity and will be remitted by Purchaser to the appropriate agency on or prior to the applicable due date. (iib) Unless otherwise agreed by the parties, Seller Purchaser shall be responsible for delivering to payees all Form 1099s IRS notices with respect to information reporting and tax identification numbers required to be delivered for all periods through the close of business on the Closing Date with respect to the Deposit Account Liabilities, including the payment of Accrued Interest through the Closing DateLiability accounts, and Purchaser shall be responsible for delivery to payees all such notices required to be delivered for all periods following the Closing Date with respect to the Deposit Account LiabilitiesLiability accounts. Purchaser and Seller shall, prior to the Closing Date, consult (and Seller shall reasonably cooperatetake such actions as are necessary) to permit Purchaser to timely to deliver notices required to be delivered after the Closing Date.

Information Reports. (i) Seller will report to applicable taxing authorities and holders of Deposit Account Liabilities Liability Accounts transferred on the Closing Date, with respect to all periods through the close of business on the Closing Date, all interest credited, withheld from and any early withdrawal penalties imposed upon the Deposit Account Liabilities and Purchaser will report to the applicable taxing authorities and holders of Deposit Account LiabilitiesLiability Accounts, with respect to all periods commencing after the Closing Date all such interest credited to, withheld from and early withdrawal penalties imposed upon such interest credited to, withheld from and early withdrawal penalties imposed upon such Deposit Account LiabilitiesLiability Accounts. Seller will continue backup withholding and remittance through the close of business on the Closing Date. Any amounts required by any governmental agencies to be withheld from any of the Deposit Account Liabilities Liability Accounts through the close of business on the Closing Date will be withheld by Seller in accordance with applicable law or appropriate notice from any governmental agency and will be remitted by Seller to the appropriate agency on or prior to the applicable due date. Any such withholding required to be made subsequent to the Closing Date shall be withheld by Purchaser in accordance with applicable law or the appropriate notice from any governmental agency and will be remitted by Purchaser to the appropriate agency on or prior to the applicable due date. (ii) Unless otherwise agreed by the parties, Seller shall be responsible for delivering to payees all Form 1099s 1098s with respect to information reporting and tax identification numbers required to be delivered for all periods through the close of business on the Closing Date with respect to the Deposit Account Liabilities, including the payment of Accrued Interest through the Closing DateLiability Accounts, and Purchaser shall be responsible for delivery to payees all such notices required to be delivered for all periods following the Closing Date with respect to the Deposit Account Liabilities. Purchaser and Seller shall, prior to the Closing Date, consult (and Seller shall reasonably cooperate) to permit Purchaser timely to deliver notices required to be delivered after the Closing Date.

Information Reports. (i) Seller will report to applicable taxing authorities and holders of Deposit Account Liabilities transferred on the Closing Date, with respect to all periods through the close of business on the Closing Date, all interest credited, withheld from and any early withdrawal penalties imposed upon the Deposit Account Liabilities and Purchaser will report to the applicable taxing authorities and holders of Deposit Account Liabilities, with respect to all periods commencing after the Closing Date all such interest credited to, withheld from and early withdrawal penalties imposed upon such interest credited to, withheld from and early withdrawal penalties imposed upon such Deposit Account Liabilities. Seller will continue backup withholding and remittance through the close of business on the Closing Date. Any amounts required by any governmental agencies to be withheld from any of the Deposit Account Liabilities through the close of business on the Closing Date will be withheld by Seller in accordance with applicable law or appropriate notice from any governmental agency and will be remitted by Seller to the appropriate agency on or prior to the applicable due date. Any such withholding required to be made subsequent to the Closing Date shall be withheld by Purchaser in accordance with applicable law or the appropriate notice from any governmental agency and will be remitted by Purchaser to the appropriate agency on or prior to the applicable due date. (ii) Unless otherwise agreed by the parties, Seller shall be responsible for delivering to payees all Form 1099s with respect to information reporting and tax identification numbers required to be delivered for all periods through the close of business on the Closing Date with respect to the Deposit Account Liabilities, including the payment of Accrued Interest through the Closing Date, and Purchaser shall be responsible for delivery to payees all such notices required to be delivered for all periods following the Closing Date with respect to the Deposit Account Liabilities. Purchaser and Seller shall, prior to the Closing Date, consult (and Seller shall reasonably cooperate) to permit Purchaser timely to deliver notices required to be delivered after the Closing Date.

Information Reports. (ia) Seller will report to applicable taxing authorities and holders of Deposit Account Liabilities Liability accounts transferred on the Closing Date, with respect to all periods through the close of business on the Closing Date, all interest credited, withheld from and any early withdrawal penalties imposed upon the Deposit Account Liabilities Liability accounts and Purchaser will report to the applicable taxing authorities and holders of Deposit Account LiabilitiesLiability accounts, with respect to all periods commencing after the Closing Date all such interest credited to, withheld from and early withdrawal penalties imposed upon such interest credited to, withheld from and early withdrawal penalties imposed upon such Deposit Account LiabilitiesLiability accounts. Seller will continue backup withholding and remittance through the close of business on the Closing Date. Any amounts required by any governmental agencies to be withheld from any of the Deposit Account Liabilities Liability accounts through the close of business on the Closing Date will be withheld by Seller in accordance with applicable law or appropriate notice from any governmental agency and will be remitted by Seller to the appropriate agency on or prior to the applicable due date. Any such withholding required to be made subsequent to the Closing Date shall be withheld by Purchaser in accordance with applicable law or the appropriate notice from any governmental agency and will be remitted by Purchaser to the appropriate agency on or prior to the applicable due date. (iib) Unless otherwise agreed by the parties, Seller shall be responsible for delivering to payees all Form 1099s IRS notices with respect to information reporting and tax identification numbers required to be delivered for all periods through the close of business on the Closing Date with respect to the Deposit Account Liabilities, including the payment of Accrued Interest through the Closing DateLiability accounts, and Purchaser shall be responsible for delivery to payees all such notices required to be delivered for all periods following the Closing Date with respect to the Deposit Account LiabilitiesLiability accounts. Purchaser and Seller shall, prior to the Closing Date, consult (and Seller shall reasonably cooperatetake such actions as are necessary) to permit Purchaser timely to deliver notices required to be delivered after the Closing Date. (c) Unless otherwise agreed by the parties, Seller will make all required reports to applicable tax authorities and to obligors on Loans purchased on the Closing Date, with respect to all periods through the close of business on the Closing Date, concerning all interest and points received by the Seller. Purchaser will make all required reports to applicable tax authorities and to obligors on Loans purchased on the Closing Date, with respect to all periods commencing after the Closing Date, concerning all such interest and points received. Seller shall bear the responsibility and liability for and pay all penalties associated with missing taxpayer identification numbers and U.S. Treasury reclamations, and any failures to comply with IRS regulations that occurred through the Closing Date.