Common use of Statements to the Purchaser Clause in Contracts

Statements to the Purchaser. Upon Purchaser’s request, the Seller shall forward to the Purchaser or its designee a statement prepared by the Seller setting forth the status of the Custodial Account as of the close of business on the most recent Distribution Date and showing, for the period covered by such statement, the aggregate amount of deposits into and withdrawals from the Custodial Account of each category of deposit specified in Section 11.04 and each category of withdrawal specified in Section 11.05. In addition, not more than ninety days after the end of each calendar year, the Seller shall furnish to each Person who was the Purchaser at any time during such calendar year, as to the aggregate of remittances for the applicable portion of such year, a statement in accordance with the requirements of applicable federal income tax law. The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to any Purchaser pursuant to Accepted Servicing Practices or any applicable law with respect to the Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Loans as is necessary for the Purchaser to prepare its federal income tax return as any Purchaser may reasonably request from time to time.

Statements to the Purchaser. Upon Purchaser’s request, the Seller Servicer shall forward to the Purchaser or its designee a statement prepared by the Seller Servicer setting forth the status of the Custodial Account as of the close of business on the most recent Distribution Date and showing, for the period covered by such statement, the aggregate amount of deposits into and withdrawals from the Custodial Account of each category of deposit specified in Section 11.04 and each category of withdrawal specified in Section 11.05. In addition, not more than ninety days after the end of each calendar year, the Seller Servicer shall furnish to each Person who was the Purchaser at any time during such calendar year, as to the aggregate of remittances for the applicable portion of such year, a statement in accordance with the requirements of applicable federal income tax law. The Seller Servicer shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to any Purchaser pursuant to Accepted Servicing Practices or any applicable law with respect to the Loans and the transactions contemplated hereby. In addition, the Seller Servicer shall provide the Purchaser with such information concerning the Loans as is necessary for the Purchaser to prepare its federal income tax return as any Purchaser may reasonably request from time to time.

Statements to the Purchaser. Upon Purchaser’s 's request, the Seller shall forward to the Purchaser or its designee a statement prepared by the Seller setting forth the status of the Custodial Account as of the close of business on the most recent Distribution Date and showing, for the period covered by such statement, the aggregate amount of deposits into and withdrawals from the Custodial Account of each category of deposit specified in Section 11.04 and each category of withdrawal specified in Section 11.05. In addition, not more than ninety days after the end of each calendar year, the Seller shall furnish to each Person who was the Purchaser at any time during such calendar year, as to the aggregate of remittances for the applicable portion of such year, a statement in accordance with the requirements of applicable federal income tax law. The Seller shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to any Purchaser pursuant to Accepted Servicing Practices or any applicable law with respect to the Loans and the transactions contemplated hereby. In addition, the Seller shall provide the Purchaser with such information concerning the Loans as is necessary for the Purchaser to prepare its federal income tax return as any Purchaser may reasonably request from time to time.