Common use of Nature of Tax Positions Clause in Contracts

Nature of Tax Positions. The Depositor has notified the transferee of the Residual Interest of the tax positions previously taken by it, as holder of the Residual Interest, for U.S. federal and State income tax purposes and the transferee has agreed to take tax positions consistent with the tax positions previously taken by the Depositor;

Appears in 93 contracts

Samples: Trust Agreement (Ford Credit Auto Owner Trust 2024-C), Trust Agreement (Ford Credit Auto Owner Trust 2024-C), Trust Agreement (Ford Credit Auto Receivables Two LLC)

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