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

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. 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.

Appears in 3 contracts

Samples: Trust Agreement (Advanta Automobile Receivables 1998-1), Trust Agreement (Household Auto Receivables Corp), Trust Agreement (Advanta Automobile Receivables Trust 1997-2)

AutoNDA by SimpleDocs

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. 5.1 and in the event that the Trust is characterized as a partnershipSection 5.1, 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.

Appears in 2 contracts

Samples: Trust Agreement (Americredit Financial Services Inc), Trust Agreement (Americredit Financial Services Inc)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. 5.1 and in the event that the Trust is characterized as a partnership, the The 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, in which case case, as provided in Section 5.1 such documents shall be signed by the DepositorBank as "tax matter partner".

Appears in 2 contracts

Samples: Trust Agreement (United Fidelity Finance LLC), Trust Agreement (United Fidelity Auto Receivables Trust 2002-A)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. 5.1 Section 5.01 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 TrustTrust presented to it in final execution form, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the DepositorSponsor, as agent, on behalf of the Certificateholders.

Appears in 1 contract

Samples: Trust Agreement (Advanta Conduit Receivables Inc)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. 5.1 and in the event that the Trust is characterized as a partnershipSection 5.1, 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 Depositor.

Appears in 1 contract

Samples: Trust Agreement (Consumer Portfolio Services Inc)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. 5.1 and in the event that the Trust is characterized as a partnershipSection 5.6, the Owner Trustee or its attorney-in-fact shall sign on behalf of the Trust the any 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 DepositorHolder of a majority of the Outstanding Amount of the Trust Certificates.

Appears in 1 contract

Samples: Trust Agreement (Ml Asset Backed Corp)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. 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 TrustTrust presented to it in final execution form, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the DepositorSeller, as agent, on behalf of the Certificateholders.

Appears in 1 contract

Samples: Trust Agreement (J P Morgan Acceptance Corp I)

AutoNDA by SimpleDocs

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. Section 5.1 and in the event that the Trust is characterized as a partnership, the Owner Trustee shall pursuant to an instruction sign on behalf of the Trust the tax returns of the TrustTrust provided to it in execution form, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the Depositor.

Appears in 1 contract

Samples: Trust Agreement (National Auto Finance Co Inc)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. Section 5.1 and in the event that the Trust B is characterized as a partnership, the Owner Trustee shall sign on behalf of the Trust B the tax returns of the TrustTrust B presented to it in final execution form, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the DepositorSponsor, as agent, on behalf of the Certificateholders.

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. Section 5.1 and in the event that the Trust A is characterized as a partnership, the Owner Trustee shall sign on behalf of the Trust A the tax returns of the TrustTrust A presented to it in final execution form, unless applicable law requires a Certificateholder to sign such documents, in which case such documents shall be signed by the DepositorSponsor, as agent, on behalf of the Certificateholders.

Appears in 1 contract

Samples: Trust Agreement (Advanta Mortgage Loan Trust 1998-4c)

Signature on Returns; Tax Matters Partner. (a) Notwithstanding the provisions of ss. 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. 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 (National Auto Finance Co Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!