Common use of Signature on Returns; Tax Matters Partner Clause in Contracts

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.6, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, if any, furnished to it in execution form by the Servicer, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor so long as it is a Certificateholder, in its capacity as “tax matters partner.” (b) In the event the Trust is characterized as a partnership for federal income tax purposes, and the Depositor is a Certificateholder, the Depositor shall be the “tax matters partner” of the Trust pursuant to the Code.

Appears in 5 contracts

Samples: Trust Agreement (Franklin Auto Trust 2005-1), Trust Agreement (Franklin Auto Trust 2008-A), Trust Agreement (Franklin Auto Trust 2006-1)

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Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.6, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, if any, furnished to it in execution form by the Servicer, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor Seller so long as it is a Certificateholder, in its capacity as “tax matters partner.” (b) In the event the Trust is characterized as a partnership for federal income tax purposes, and the Depositor Seller is a Certificateholder, the Depositor Seller shall be the “tax matters partner” of the Trust pursuant to the Code.

Appears in 4 contracts

Samples: Trust Agreement (Franklin Auto Trust 2004-1), Trust Agreement (Franklin Auto Trust 2003-2), Trust Agreement (Franklin Auto Trust 2004-2)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.6, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, if any, furnished to it in execution form by the Servicer, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor Seller so long as it is a Certificateholder, in its capacity as "tax matters partner." (b) In the event the Trust is characterized as a partnership for federal income tax purposes, and the Depositor Seller is a Certificateholder, the Depositor Seller shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 4 contracts

Samples: Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC), Trust Agreement (Franklin Receivables LLC)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.6, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, if any, furnished to it in execution form by the ServicerDepositor, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor so long as it is a Certificateholder, in its capacity as "tax matters partner." (b) In the event the Trust is characterized as a partnership for federal income tax purposes, and the Depositor is a Certificateholder, the Depositor shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 2 contracts

Samples: Trust Agreement (Barnett Auto Receivables Corp), Trust Agreement (Ace Securities Corp)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.6, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, if any, furnished to it in execution form by the ServicerSeller, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor Seller so long as it is a Certificateholder, in its capacity as "tax matters partner." (b) In the event the Trust is characterized as a partnership for federal income tax purposes, and the Depositor Seller is a Certificateholder, the Depositor Seller shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 1 contract

Samples: Trust Agreement (FCC Receivables Corp)

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Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.6, the The Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, if any, furnished to it in execution form by the ServicerDepositor, unless applicable law requires a Certificateholder an Owner to sign such documents, in which case such documents shall be signed by the Depositor so long as it is a Certificateholderan Owner, in its capacity as "tax matters partner." (b) In the event the Trust is characterized as a partnership for federal income tax purposes, and the Depositor is a Certificateholder, the Depositor shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 1 contract

Samples: Trust Agreement (Ucfc Acceptance Corp)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.6, the Owner Trustee or its attorney-in-fact shall sign on behalf of the Trust the any tax returns of the Trust, if any, furnished to it in execution form by the Servicer, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor so long as it is Holder of a Certificateholder, in its capacity as “tax matters partnermajority of the Outstanding Amount of the Trust Certificates. (b) In the event If the Trust is characterized as a partnership for federal U.S. Federal income tax purposes, and the Depositor is Holder of a Certificateholder, majority of the Depositor Outstanding Amount of the Trust Certificates shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 1 contract

Samples: Trust Agreement (Ml Asset Backed Corp)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.65.5 and subject to Section 2.6, the Owner Trustee Seller shall sign on behalf of the Trust Issuer the tax returns of the TrustIssuer, if any, furnished to it in execution form by the Servicer, unless applicable law requires a the Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor Seller so long as it is a Certificateholder, in its capacity as “tax matters partner.” (b) In the event the Trust is characterized as a partnership for federal income tax purposes, and the Depositor Seller is a Certificateholder, the Depositor Seller shall be the “tax matters partner” of the Trust pursuant to the Code.

Appears in 1 contract

Samples: Trust Agreement (Bank One Auto Securitization LLC)

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