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

Signature on Returns; Partnership Representative. (a) The Administrator shall sign on behalf of the Trust the tax returns of the Trust, if any, unless applicable law requires a Certificateholder to sign such documents. If the Trust is treated as a partnership for U.S. federal income tax purposes, the Certificateholder that is the “partnership representative” of the Trust under Section 5.05(b) shall sign on behalf of the Trust such documents.

Appears in 7 contracts

Samples: Amended and Restated Trust Agreement (BMW Vehicle Owner Trust 2024-A), Trust Agreement (BMW Vehicle Owner Trust 2024-A), Amended and Restated Trust Agreement (BMW Vehicle Owner Trust 2023-A)

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Signature on Returns; Partnership Representative. (a) The Administrator Certificateholder shall sign on behalf of the Trust the tax returns of the Trust on behalf of the Trust; provided, that if anythere is more than one Certificateholder, unless applicable law requires a Certificateholder to sign such documents. If the tax returns of the Trust is treated as a partnership for U.S. federal income tax purposes, shall be signed by the Certificateholder that is the “partnership representativetax matters partner” of the Trust under Section 5.05(b) shall sign on behalf of the Trust such documents).

Appears in 2 contracts

Samples: Trust Agreement (Toyota Auto Receivables 2018-D Owner Trust), Trust Agreement (Toyota Auto Receivables 2018-D Owner Trust)

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Signature on Returns; Partnership Representative. (a) The Administrator Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, if any, unless applicable law requires a Certificateholder to sign such documents. If the Trust is treated as a partnership for U.S. federal income tax purposes, the Certificateholder that is the “partnership representative” of the Trust under Section 5.05(b) shall sign on behalf of the Trust such documents.

Appears in 2 contracts

Samples: Trust Agreement (BMW Vehicle Owner Trust 2020-A), Trust Agreement (BMW Vehicle Owner Trust 2020-A)

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