Common use of TAX RETURNS, 1934 ACT REPORTING, OTHER DATA Clause in Contracts

TAX RETURNS, 1934 ACT REPORTING, OTHER DATA. (a) The Trustee shall prepare or cause to be prepared on behalf of the Trust Fund, based upon the information furnished by the Master Servicer or calculated by the Trustee in accordance with this Agreement pursuant to instructions given by the Seller, and shall file federal tax returns and appropriate state income tax returns and such other returns as may be required by applicable law relating to the Trust Fund and shall forward copies to the Seller of all such returns and Form 1099 information and such other information within the control of the Trustee as the Seller may reasonably request in writing, and shall forward to each Certificateholder such forms and furnish such information within the control of the Trustee as are required by the Code and the REMIC Provisions to be furnished to them, and will prepare and disseminate to Certificateholders Form 1099s (or otherwise furnish information within the control of the Trustee) to the extent required by applicable law. (b) The Trustee shall prepare and file with the Internal Revenue Service ("IRS"), on behalf of the Trust Fund, an application on IRS Form SS-4. (c) Within 15 days after each Distribution Date, the Trustee shall, in accordance with industry standards, file with the Securities and Exchange Commission via the Electronic Data Gathering and Retrieval System ("XXXXX"), a Form 8-K with a copy of the statement to the Certificateholders for such Distribution Date as an exhibit thereto. The Trustee shall, in accordance with industry standards and only when instructed by the Seller, file a Form 15 Suspension Notice with respect to the Trust Fund, if applicable. Prior to March 31 of each calendar year commencing March 31, 2002, the Trustee shall file a Form 10-K, in substance conforming to industry standards, with respect to the Trust Fund. The Seller hereby grants to the Trustee a limited power of attorney to execute and file each such document on behalf of the Seller. Such power of attorney shall continue until either the earlier of (i) receipt by the Trustee from the Seller of written termination of such power of attorney and (ii) the termination of the Trust Fund. The Seller agrees to promptly furnish to the Trustee, from time to time upon request, such further information, reports and financial statements within its control related to this Agreement and the Mortgage Loans as the Trustee reasonably deems appropriate to prepare and file all necessary reports with the Securities and Exchange Commission. The Trustee shall have no responsibility to file any items other than those specified in this Section 9.12(c); provided, however, the Trustee will cooperate with the Seller in connection with any additional filings with respect to the Trust Fund as the Seller deems necessary under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Copies of all reports filed by the Trustee under the Exchange Act shall be sent to: the Seller c/o Bear, Xxxxxxx & Co. Inc., Attn: Managing Director-Analysis and Control, Xxx Xxxxxxxxx Xxxxxx Xxxxx, Xxxxxxxx, Xxx Xxxx 00000-0000. Fees and expenses incurred by the Trustee in connection with this Section 9.12(c) shall not be reimbursable from the Trust Fund. (d) The Trustee will provide all information to Bloomberg that is necessary to have the information regarding the Certificates and the transaction posted on Bloomberg and the Trustee will provide Bloomberg with all necessary information (including information regarding the Mortgage Loans) for Bloomberg to update information necessary regarding the Certificates and the transaction on Bloomberg. (e) The Trustee is hereby designated as agent for the majority interest Class R Holder, who shall be the "tax matters person" within the meaning of Treas. Reg.ss.1.860F-4(d) for the REMIC.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

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TAX RETURNS, 1934 ACT REPORTING, OTHER DATA. (a) The Trustee shall prepare or cause to be prepared on behalf of the Trust Fund, based upon the information furnished by the Master Servicer or calculated by the Trustee in accordance with this Agreement pursuant to instructions given by the Seller, and shall file federal tax returns and appropriate state income tax returns and such other returns as may be required by applicable law relating to the Trust Fund and shall forward copies to the Seller of all such returns and Form 1099 information and such other information within the control of the Trustee as the Seller may reasonably request in writing, and shall forward to each Certificateholder such forms and furnish such information within the control of the Trustee as are required by the Code and the REMIC Provisions to be furnished to them, and will prepare and disseminate to Certificateholders Form 1099s (or otherwise furnish information within the control of the Trustee) to the extent required by applicable law. (b) The Trustee shall prepare and file with the Internal Revenue Service ("IRS"), on behalf of the Trust Fund, an application on IRS Form SS-4. (c) Within 15 days after each Distribution Date, the Trustee shall, in accordance with industry standards, file with the Securities and Exchange Commission via the Electronic Data Gathering and Retrieval System ("XXXXXEDGAR"), a Form 8-K with a copy of the statement xxxxement to the Certificateholders for such Distribution Date as an exhibit thereto. The Trustee shall, in accordance with industry standards and only when instructed by the Seller, file a Form 15 Suspension Notice with respect to the Trust Fund, if applicable. Prior to March 31 of each calendar year commencing March 31, 20022001, the Trustee shall file a Form 10-K, in substance conforming to industry standards, with respect to the Trust Fund. The Seller hereby grants to the Trustee a limited power of attorney to execute and file each such document on behalf of the Seller. Such power of attorney shall continue until either the earlier of (i) receipt by the Trustee from the Seller of written termination of such power of attorney and (ii) the termination of the Trust Fund. The Seller agrees to promptly furnish to the Trustee, from time to time upon request, such further information, reports and financial statements within its control related to this Agreement and the Mortgage Loans as the Trustee reasonably deems appropriate to prepare and file all necessary reports with the Securities and Exchange Commission. The Trustee shall have no responsibility to file any items other than those specified in this Section 9.12(c); provided, however, the Trustee will cooperate with the Seller in connection with any additional filings with respect to the Trust Fund as the Seller deems necessary under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Copies of all reports filed by the Trustee under the Exchange Act shall be sent to: the Seller c/o Bear, Xxxxxxx Stearns & Co. Inc., Attn: Managing DirectorDirxxxxx-Analysis Xnalysis and Control, Xxx Xxxxxxxxx Xxxxxx XxxxxOne Metrotech Center North, XxxxxxxxBrooklyn, Xxx Xxxx 00000-0000. Fees and expenses incurred by the Trustee Xxxx xxx xxxxxxxx xxxxxxxx xx xxx Xxustee in connection with this Section 9.12(c) shall not be reimbursable from the Trust Fund. (d) The Trustee will provide all information to Bloomberg that is necessary to have the information regarding the Certificates and the transaction posted on Bloomberg and the Trustee will provide Bloomberg with all necessary information (including information regarding the Mortgage Loans) for Bloomberg to update information necessary regarding the Certificates and the transaction on Bloomberg. (e) The Trustee is hereby designated as agent for the majority interest Class R Holder, who shall be the "tax matters person" within the meaning of Treas. Reg.ss.1.860F-4(d) for the REMIC.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

TAX RETURNS, 1934 ACT REPORTING, OTHER DATA. (a) The Trustee shall prepare or cause to be prepared on behalf of the Trust Fund, based upon the information furnished by the Master Servicer or calculated by the Trustee in accordance with this Agreement pursuant to instructions given by the SellerDepositor, and shall file federal tax returns and appropriate state income tax returns and such other returns as may be required by applicable law relating to the Trust Fund and shall forward copies to the Seller Depositor of all such returns and Form 1099 information and such other information within the control of the Trustee as the Seller Depositor may reasonably request in writing, and shall forward to each Certificateholder such forms and furnish such information within the control of the Trustee as are required by the Code and the REMIC Provisions to be furnished to them, and will prepare and disseminate to Certificateholders Form 1099s (or otherwise furnish information within the control of the Trustee) to the extent required by applicable law. (b) The Trustee shall prepare and file with the Internal Revenue Service ("IRS"), on behalf of the Trust Fund, an application on IRS Form SS-4. (c) Within 15 days after each Distribution Date, The Depositor will prepare or cause to be prepared the initial current report on Form 8-K and thereafter the Trustee shallwill prepare or cause to be prepared Forms 10-K and 10-Q (if necessary), in accordance with industry standardsor monthly current reports on Form 8-K, on behalf of the Trust Fund, as may be required by applicable law or regulation, and will file such reports electronically with the Securities and Exchange Commission via (the Electronic Data Gathering and Retrieval System ("XXXXXSEC"), a Form 8-K with a copy of the statement to the Certificateholders for such Distribution Date as an exhibit thereto. The Trustee shall, in accordance with industry standards and only when instructed by the Seller, file a Form 15 Suspension Notice with respect to will sign each such report on behalf of the Trust Fund, if applicable. Prior to March 31 and will forward a copy of each calendar year commencing March 31, 2002, the Trustee shall file a Form 10-K, in substance conforming to industry standards, with respect such report to the Trust FundDepositor promptly after such report has been filed with the SEC. The Seller hereby grants to the Trustee a limited power of attorney to execute and file each such document on behalf of the Seller. Such power of attorney shall continue until either the earlier of (i) receipt by the Trustee from the Seller of written termination of such power of attorney and (ii) the termination of the Trust Fund. The Seller Depositor agrees to promptly furnish use its best efforts to seek to terminate such filing obligation after the Trustee, from time to time upon request, period during which such further information, reports and financial statements within its control related to this Agreement and the Mortgage Loans as the Trustee reasonably deems appropriate to prepare and file all necessary reports with the Securities and Exchange Commission. The Trustee shall have no responsibility to file any items other than those specified in this Section 9.12(c); provided, however, the Trustee will cooperate with the Seller in connection with any additional filings with respect to the Trust Fund as the Seller deems necessary are required under the Securities Exchange Act of 1934, as amended (the "Exchange 1934 Act"). Copies of all reports filed by the Trustee under the Exchange Act shall be sent to: the Seller c/o Bear, Xxxxxxx & Co. Inc., Attn: Managing Director-Analysis and Control, Xxx Xxxxxxxxx Xxxxxx Xxxxx, Xxxxxxxx, Xxx Xxxx 00000-0000. Fees and expenses incurred by the Trustee in connection with this Section 9.12(c) shall not be reimbursable from the Trust Fund. (d) The Trustee will provide all information to Bloomberg that is necessary to have the information regarding the Certificates and the transaction posted on Bloomberg and the Trustee will provide Bloomberg with all necessary information (including information regarding the Mortgage Loans) for Bloomberg to update information necessary regarding the Certificates and the transaction on Bloomberg. (e) The Trustee is hereby designated as agent for the majority interest Class R Holder, who shall be the "tax matters person" within the meaning of Treas. Reg.ss.1.860F-4(d) for the REMIC.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Securities Corp)

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TAX RETURNS, 1934 ACT REPORTING, OTHER DATA. (a) The Trustee shall prepare or cause to be prepared on behalf of the Trust Fund, based upon the information furnished by the Master Servicer or calculated by the Trustee in accordance with this Agreement pursuant to instructions given by the Seller, and shall file federal tax returns and appropriate state income tax returns and such other returns as may be required by applicable law relating to the Trust Fund and shall forward copies to the Seller of all such returns and Form 1099 information and such other information within the control of the Trustee as the Seller may reasonably request in writing, and shall forward to each Certificateholder such forms and furnish such information within the control of the Trustee as are required by the Code and the REMIC Provisions to be furnished to them, and will prepare and disseminate to Certificateholders Form 1099s (or otherwise furnish information within the control of the Trustee) to the extent required by applicable law. (b) The Trustee shall prepare and file with the Internal Revenue Service ("IRS"), on behalf of the Trust Fund, an application on IRS Form SS-4. (c) Within 15 days after each Distribution Date, the Trustee shall, in accordance with industry standards, file with the Securities and Exchange Commission via the Electronic Data Gathering and Retrieval System ("XXXXXEDGAR"), a Form 8-K with a copy of the statement xxxxement to the Certificateholders for such Distribution Date as an exhibit thereto. The Trustee shall, in accordance with industry standards and only when instructed by the Seller, file a Form 15 Suspension Notice with respect to the Trust Fund, if applicable. Prior to March 31 of each calendar year commencing March 31, 20022001, the Trustee shall file a Form 10-K, in substance conforming to industry standards, with respect to the Trust Fund. The Seller hereby grants to the Trustee a limited power of attorney to execute and file each such document on behalf of the Seller. Such power of attorney shall continue until either the earlier of (i) receipt by the Trustee from the Seller of written termination of such power of attorney and (ii) the termination of the Trust Fund. The Seller agrees to promptly furnish to the Trustee, from time to time upon request, such further information, reports and financial statements within its control related to this Agreement and the Mortgage Loans as the Trustee reasonably deems appropriate to prepare and file all necessary reports with the Securities and Exchange Commission. The Trustee shall have no responsibility to file any items other than those specified in this Section 9.12(c); provided, however, the Trustee will cooperate with the Seller in connection with any additional filings with respect to the Trust Fund as the Seller deems necessary under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Copies of all reports filed by the Trustee under the Exchange Act shall be sent to: the Seller c/o Bear, Xxxxxxx Stearns & Co. Inc., Attn: Managing DirectorDirxxxxx-Analysis Xnalysis and Control, Xxx Xxxxxxxxx Xxxxxx XxxxxOne Metrotech Center North, XxxxxxxxBrooklyn, Xxx Xxxx 00000-0000. Fees and expenses incurred by the Trustee Xxxx xxx xxxxxxxx xxxxxxxx xx xxx Xxustee in connection with this Section 9.12(c) shall not be reimbursable from the Trust Fund. (d) The Trustee will provide all information to Bloomberg that is necessary to have the information regarding the Certificates and the transaction posted on Bloomberg and the Trustee will provide Bloomberg with all necessary information (including information regarding the Mortgage Loans) for Bloomberg to update information necessary regarding the Certificates and the transaction on Bloomberg. (e) The Trustee is hereby designated as agent for the majority interest Class R Holder, who shall be the "tax matters person" within the meaning of Treas. Reg.ss.1.860F-4(d) for the REMIC.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

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