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

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.1 and in the event that the Trust is characterized as a partnership, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor. (b) In the event that the Trust is characterized as a partnership, the Depositor shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 9 contracts

Samples: Trust Agreement (Household Auto Receivables Corp), Trust Agreement (Household Auto Receivables Corp), Trust Agreement (Household Auto Receivables Corp)

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Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.1 6.1 and in the event that the Trust is characterized as a partnership, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, unless applicable law requires a Residual Certificateholder to sign such documents, in which case such documents shall be signed by the DepositorSponsor. (b) In the event that the Trust is characterized as a partnership, the Depositor Sponsor shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 8 contracts

Samples: Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.1 and in the event that the Trust is characterized as a partnershippartnership for federal income tax purposes, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor. (b) In the event that the Trust is characterized as a partnershippartnership for federal income tax purposes, the Depositor shall be the "β€œtax matters partner" ” of the Trust pursuant to the Code.

Appears in 8 contracts

Samples: Trust Agreement (HSBC Automotive Trust (USA) 2006-3), Trust Agreement (HSBC Automotive Trust 2005-1), Trust Agreement (HSBC Auto Receivables Corp)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.1 and in the event that the Trust is characterized as a partnership, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor. (b) In the event that the Trust is characterized as a partnership, the Depositor shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 4 contracts

Samples: Trust Agreement (Household Automotive Trust Iv Series 2000-1), Trust Agreement (Household Automobile Revolving Trust I), Trust Agreement (Household Automotive Trust Vi Series 2000 3)

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Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.1 and in the event that the Trust is characterized as a partnership5.6, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, unless applicable law requires a Certificateholder or an Owner to sign such documents, in which case such documents shall be signed by the DepositorGeneral Partner. (b) In the event that the Trust is characterized as a partnership, the Depositor The General Partner shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 4 contracts

Samples: Trust Agreement (TMS Auto Holdings Inc), Trust Agreement (Money Store Auto Trust 1996-2), Trust Agreement (TMS Auto Holdings Inc)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of Section 5.1 and in the event that the Trust is characterized as a partnership, the Owner Trustee shall sign on behalf of the Trust the tax returns of the Trust, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor. (b) In the event that the Trust is characterized as a partnership, the Depositor shall be the "tax matters partner" of the Trust pursuant to the Code.

Appears in 1 contract

Samples: Trust Agreement (Household Auto Receivables Corp)

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