Common use of IRS Forms Clause in Contracts

IRS Forms. The Servicer shall or shall file all IRS forms 1099, 1099A, 1098 or 1041 and K-1 which are required to be filed on or before the related Transfer Date in relation to the servicing and ownership of the related Mortgage Loans. The Servicer shall provide copies of such forms to the Purchaser upon request and shall reimburse the Purchaser for any costs or penalties incurred by the Purchaser due to the Servicer's failure to comply with this paragraph.

Appears in 7 contracts

Samples: Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs), Mortgage Loan Flow Purchase, Sale & Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-7)

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IRS Forms. The Servicer shall or shall file all IRS forms Forms 1099, 1099A, 1098 or 1041 and K-1 which are required to be filed on or before the related Servicing Transfer Date in relation to the servicing and ownership of the related Mortgage Loans. The Servicer shall provide copies of such forms to the Purchaser upon reasonable request and shall reimburse the Purchaser for any penalties or reasonable costs or penalties incurred by the Purchaser due to the Servicer's ’s failure to comply with this paragraph.;

Appears in 1 contract

Samples: Purchase Agreement (Terwin Securitization LLC)

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