TAX REPORTING AND WITHHOLDING OBLIGATIONS. For any Notes, Talons or Coupons in respect of which AFS is the Issuer:
Tax Reporting (1) Prepare and file on a timely basis appropriate federal and state tax returns including, without limitation, Forms 1120/8613, with any necessary schedules.
Tax Withholding The Company shall withhold any taxes that are required to be withheld from the benefits provided under this Agreement.
Withholding Taxes The Company may withhold from any amounts payable under this Agreement such Federal, state and local taxes as may be required to be withheld pursuant to any applicable law or regulation.