Common use of Reports by Securities Administrator to Holders and Tax Administration Clause in Contracts

Reports by Securities Administrator to Holders and Tax Administration. The Securities Administrator shall deliver to each Noteholder such information as may be required to enable such holder to prepare its federal and state income tax returns. Pursuant to the Mortgage Loan Sale and Contribution Agreement, the Administrator will prepare and file (or cause to be prepared and filed), on behalf of the Owner Trustee or the Issuer, all tax returns (if any) and information reports, tax elections and such annual or other reports of the Issuer as are necessary for preparation of tax returns and information reports as required by the Code. In addition, the Securities Administrator shall prepare a Form 1099 with respect to each calendar year.