Common use of Signature on Returns; Partnership Representative Clause in Contracts

Signature on Returns; Partnership Representative. (a) In the event that the Issuer is classified as a partnership for United States federal income tax purposes, the Person that holds, or is deemed to hold under the Code, the Depositor, for as long as it is a Holder of a Certificate, and thereafter, the Holder of the Certificate with the largest Certificate Percentage Interest, will prepare and sign, on behalf of the Issuer, the tax returns of the Issuer.

Appears in 25 contracts

Samples: Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Daimler Trucks Retail Trust 2024-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2024-1)

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Signature on Returns; Partnership Representative. (a) In the event that If at any time the Issuer is classified not treated as a partnership an entity disregarded as separate from the Certificateholder for United States federal income tax purposes, the Person that holds, or is deemed to hold under the Code, the DepositorTransferor, for as long as it is a Holder holder of a Certificate, and thereafter, the Holder holder of the Certificate with the largest Certificate Percentage Interest, will prepare and sign, on behalf of the Issuer, the tax returns of the Issuer.

Appears in 22 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Trust Agreement (Mercedes-Benz Auto Lease Trust 2024-A), Trust Agreement (Mercedes-Benz Auto Lease Trust 2023-A)

Signature on Returns; Partnership Representative. (a) In the event that the Issuer is classified shall be required to file federal or other income tax returns as a partnership partnership, such returns shall be signed by an authorized signatory for United States federal income tax purposes, the Person that holds, or is deemed to hold under the Code, the DepositorTransferor, for as long as it is a Holder holder of a Trust Certificate, and thereafter, the Holder largest percentage holder of the Certificate with the largest Certificate Percentage InterestTrust Certificate, will prepare and sign, on behalf of the Issuer, the tax or such other Person as shall be required by law to sign such returns of the Issuer.

Appears in 15 contracts

Samples: Trust Agreement (BMW Vehicle Lease Trust 2024-1), Trust Agreement (BMW Vehicle Lease Trust 2024-1), Trust Agreement (BMW Vehicle Lease Trust 2023-2)

Signature on Returns; Partnership Representative. (a) In the event that the Issuer is classified as a partnership for United States federal income tax purposes, the Person that holds, or is deemed to hold under the Code, the Depositor, for as long as it is a Holder of a Certificate, and thereafter, the Holder of the Certificate with the largest Certificate Percentage Interest, will prepare and sign, on behalf of the Issuer, the tax returns of the Issuer.

Appears in 3 contracts

Samples: Trust Agreement (California Republic Funding LLC), Trust Agreement (California Republic Auto Receivables Trust 2018-1), Trust Agreement (California Republic Auto Receivables Trust 2018-1)

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Signature on Returns; Partnership Representative. (a) In the event that the Issuer is classified as a partnership for United States federal income tax purposes, the Person that holds, or is deemed to hold under the Code, the Depositor, for as long as it is a Holder holder of a Certificate, and thereafter, the Holder holder of the Certificate with the largest Certificate Percentage Interest, will prepare and sign, on behalf of the Issuer, the tax returns of the Issuer.

Appears in 2 contracts

Samples: Trust Agreement (Mercedes-Benz Auto Receivables Trust 2018-1), Trust Agreement (Mercedes-Benz Auto Receivables Trust 2018-1)

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