Common use of TAX REPORTING AND TREATMENT Clause in Contracts

TAX REPORTING AND TREATMENT. (a) The Servicer shall furnish or cause to be furnished to each Noteholder, within a reasonable time after the end of each calendar year, to each Noteholder who was a Noteholder at any time during such year, a report setting forth the amount of principal and interest paid on the Notes during such year and indicating such other customary factual information as the Servicer deems necessary, or as any Noteholder reasonably requests, to enable Noteholders to prepare their respective tax returns. In addition, the Servicer shall provide, or cause to be provided to the Internal Revenue Service and each Noteholder, information statements required by the Code (and the regulations issued thereunder) or as such Noteholders may reasonably request from time to time with respect to in the case of any class of Notes that is issued with original issue discount within the meaning of section 1273 of the Code ("OID"), information statements with respect to OID. For purposes of consolidated federal and state income and franchise tax reporting, the Contributor will be treated (i) as the owner of the Contracts and the other Contributed Property and (ii) as the borrower under the Indenture. (b) The Transferor, the Issuer, the Managing Member, the Contributor, the Servicer, any subservicer and each Noteholder by acceptance of its Note (and any Person that is a beneficial owner of any interest in a Note, by virtue of such Person's acquisition of a beneficial interest therein) agrees to treat the Notes as indebtedness for purposes of federal, state and local income or franchise taxes (and any other tax imposed on or measured by income).

TAX REPORTING AND TREATMENT. (a) The Servicer shall furnish or cause to be furnished to each Noteholder, within a reasonable time after the end of each calendar year, to each Noteholder who was a Noteholder at any time during such year, a report setting forth the amount of principal and interest paid on the Notes during such year and indicating such other customary factual information as the Servicer deems necessary, or as any Noteholder reasonably requests, to enable Noteholders to prepare their respective tax returns. In addition, the Servicer shall provide, or cause to be provided to the Internal Revenue Service and each Noteholder, information statements required by the Code (and the regulations issued thereunder) or as such Noteholders may reasonably request from time to time with respect to in the case of any class of Notes that is issued with original issue discount within the meaning of section 1273 of the Code ("OID"), information statements with respect to OID. For purposes of consolidated federal and state income and franchise tax reporting, the Contributor will be treated (i) as the owner of the Contracts and the other Contributed Property and (ii) as the borrower under the Amended and Restated Indenture. (b) The Transferor, the Issuer, the Managing Member, the Contributor, the Servicer, any subservicer and each Noteholder by acceptance of its Note (and any Person that is a beneficial owner of any interest in a Note, by virtue of such Person's acquisition of a beneficial interest therein) agrees to treat the Notes as indebtedness for purposes of federal, state and local income or franchise taxes (and any other tax imposed on or measured by income).

TAX REPORTING AND TREATMENT. (a) The Servicer shall furnish or cause to be furnished to each Noteholder, within a reasonable time after the end of each calendar year, to each Noteholder who was a Noteholder at any time during such year, a report setting forth the amount of principal and interest paid on the Notes during such year and indicating such other customary factual information as the Servicer deems necessary, or as any Noteholder reasonably requests, to enable Noteholders to prepare their respective tax returns. In addition, the Servicer shall provide, or cause to be provided to the Internal Revenue Service and each Noteholder, information statements required by the Code (and the regulations issued thereunder) or as such Noteholders may reasonably request from time to time with respect to in the case of any class of Notes that is issued with original issue discount within the meaning of section 1273 of the Code ("OID"), information statements with respect to OID. For purposes of consolidated federal and state income and franchise tax reporting, the Contributor will be treated (i) as the owner of the Contracts and the other Contributed Property and (ii) as the borrower under the Indenture. (b) The Transferor, the Issuer, the Managing Member, the Contributor, the Servicer, any subservicer and each Noteholder by acceptance of its Note (and any Person that is a beneficial owner of any interest in a Note, by virtue of such Person's acquisition of a beneficial interest therein) agrees to treat the Notes as indebtedness for purposes of federal, state and local income or franchise taxes (and any other tax imposed on or measured by income).

TAX REPORTING AND TREATMENT. (a) The Servicer shall furnish or cause to be furnished to each Noteholder, within a reasonable time after the end of each calendar year, to each Noteholder who was a Noteholder at any time during such year, a report setting forth the amount of principal and interest paid on the Notes during such year and indicating such other customary factual information as the Servicer deems necessary, or as any Noteholder reasonably requests, to enable Noteholders Securityholders to prepare their respective tax returns. In addition, the Servicer shall provide, or cause to be provided to the Internal Revenue Service and each Noteholder, information statements required by the Code (and the regulations issued thereunder) or as such Noteholders Securityholders may reasonably request from time to time with respect to in the case of any class of Notes that is issued with original issue discount within the meaning of section 1273 of the Code ("OID"), information statements with respect to OID. For purposes of consolidated federal and state income and franchise tax reporting, the Contributor will be treated (i) as the owner of the Contracts and the other Contributed Property and (ii) as the borrower under the Indenture. (b) The Transferor, the Issuer, the Managing Member, the Contributor, the Servicer, any subservicer and each Noteholder by acceptance of its Note (and any Person that is a beneficial owner of any interest in a Note, by virtue of such Person's acquisition of a beneficial interest therein) agrees to treat the Notes as indebtedness for purposes of federal, state and local income or franchise taxes (and any other tax imposed on or measured by income).