Common use of Reports to IRS Clause in Contracts

Reports to IRS. The Lender hereby agrees to submit to the Internal Revenue Service Center, Xxxxx, Xxxx 00000 (or such other location as is specified to the Lender by the Internal Revenue Service) (with copies to the Corporation), not later than January 31 of each year following the calendar year in which the Lender closes a Loan in connection with which an MCC is issued, the report required by Treasury Regulation Section 1.25-8T(a), in the form and format (currently Form 8329) required or permitted by Treasury Regulation Section 1.25-8T(a) as forth on Exhibit D attached hereto. The Lender may use and rely on the Affidavit of Applicant in the preparation of such report. In the event that Treasury Regulation Section 1.25-8T(a) is amended following the Closing Date, such amendments shall be deemed to be incorporated into this Section 4.01 and Exhibit D shall be deemed to be revised accordingly (upon receipt by the Lender of written notice to such effect). The Lender may obtain and rely on the advice of certified public accountants or nationally recognized bond counsel in carrying out its duties under this Section 4.01.

Appears in 3 contracts

Samples: Lender Participation Agreement, Lender Participation Agreement, Lender Participation Agreement

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Reports to IRS. The Lender hereby agrees to submit to the Internal Revenue Service Center, Xxxxx, Xxxx 00000 (or such other location as is specified to the Lender by the Internal Revenue Service) (with copies to the CorporationDivision), not later than January 31 of each year following the calendar year in which the Lender closes a Loan in connection with which an MCC is issued, the report required by Treasury Regulation Section 1.25-8T(a), in the form and format (currently Form 8329) required or permitted by Treasury Regulation Section 1.25-8T(a) as forth on Exhibit D C attached hereto. The Lender may use and rely on the Affidavit of Applicant in the preparation of such report. In the event that If Treasury Regulation Section 1.25-8T(a) is amended following the Closing Date, such amendments shall be deemed to be incorporated into this Section 4.01 and Exhibit D C shall be deemed to be revised accordingly (upon receipt by the Lender of written notice to such effect). The Lender may obtain and rely on the advice of certified public accountants or nationally recognized bond counsel in carrying out its duties under this Section 4.01.

Appears in 3 contracts

Samples: Lender Participation Agreement, Lender Participation Agreement, Lender Participation Agreement

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Reports to IRS. The Lender hereby agrees to submit to the Internal Revenue Service Center, Xxxxx, Xxxx 00000 (or such other location as is specified to the Lender by the Internal Revenue Service) (with copies to the CorporationAuthority), not later than January 31 of each year following the calendar year in which the Lender closes a Loan in connection with which an MCC is issued, the report required by Treasury Regulation Section 1.25-8T(a), in the form and format (currently Form 8329) required or permitted by Treasury Regulation Section 1.25-8T(a) as forth on Exhibit D C attached hereto. The Lender may use and rely on the Affidavit of Applicant in the preparation of such report. In the event that Treasury Regulation Section 1.25-8T(a) is amended following the Closing Date, such amendments shall be deemed to be incorporated into this Section 4.01 and Exhibit D C shall be deemed to be revised accordingly (upon receipt by the Lender of written notice to such effect). The Lender may obtain and rely on the advice of certified public accountants or nationally recognized bond counsel in carrying out its duties under this Section 4.01.

Appears in 1 contract

Samples: Master Lender Participation Agreement

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