Common use of Tax Returns and Compliance Clause in Contracts

Tax Returns and Compliance. (a) In the event the Trust shall be required to file tax returns, the Servicer shall prepare or cause to be prepared and is authorized hereunder to sign any tax returns required to be filed by the Trust and, to the extent possible, shall file such returns at least five days before such returns are due to be filed. The Servicer shall prepare or shall cause to be prepared all tax information required by law to be distributed to Certificateholders and Certificate Owners and shall deliver such information to the Paying Agent at least five days prior to the date it is required by law to be distributed to Certificateholders and Certificate Owners. The Trustee shall, upon request, furnish the Servicer with all such information known to the Trustee as may be reasonably required in connection with the preparation of such tax returns and shall, upon request, execute such tax returns. In no event shall the Trustee, the Paying Agent, the Servicer or the Transferor be liable for any liabilities, costs or expenses of the Trust, the Investor Certificateholders or the Certificate Owners arising under any tax law, including, without limitation, Federal, state or local income or excise taxes or any other tax imposed on or measured by income (or any interest or penalty with respect thereto or arising from a failure to comply therewith), except to the extent that such tax is imposed as a result of a violation by such Person of the provisions of this Agreement or any Supplement.

Tax Returns and Compliance. (a) In the event the Trust shall be required to file tax returns, the Servicer shall prepare or cause to be prepared and is authorized hereunder to sign any tax returns required to be filed by the Trust and, to the extent possible, shall file such returns at least five (5) days before such returns are due to be filed. The Servicer shall prepare or shall cause to be prepared all tax information required by law to be distributed to Certificateholders and Certificate Owners and shall deliver such information to the Paying Agent at least five (5) days prior to the date it is required by law to be distributed to Certificateholders and Certificate Owners. The Trustee shall, upon request, furnish the Servicer with all such information known to the Trustee as may be reasonably required in connection with the preparation of such tax returns and shall, upon request, execute such tax returns. In no event shall the Trustee, the Paying Agent, Agent or the Servicer or the Transferor be liable for any liabilities, costs or expenses of the Trust, the Investor Certificateholders or the Certificate Owners arising under any tax law, including, including without limitation, Federal, state state, local or local foreign income or excise taxes or any other tax imposed on or measured by income (or any interest or penalty with respect thereto or arising from a failure to comply therewith), except to the extent that such tax is imposed as a result of a violation by such Person of the provisions of this Agreement or any Supplement.

Tax Returns and Compliance. (a) In the event the Trust shall be required to file tax returns, the Servicer shall prepare or cause to be prepared and is authorized hereunder to sign any tax returns 100 required to be filed by the Trust and, to the extent possible, shall file such returns at least five (5) days before such returns are due to be filed. The Servicer shall prepare or shall cause to be prepared all tax information required by law to be distributed to Certificateholders and Certificate Owners and shall deliver such information to the Paying Agent at least five (5) days prior to the date it is required by law to be distributed to Certificateholders and Certificate Owners. The Trustee shall, upon request, furnish the Servicer with all such information known to the Trustee as may be reasonably required in connection with the preparation of such tax returns and shall, upon request, execute such tax returns. In no event shall the Trustee, the Paying Agent, Agent or the Servicer or the Transferor be liable for any liabilities, costs or expenses of the Trust, the Investor Certificateholders or the Certificate Owners arising under any tax law, including, including without limitation, Federal, state state, local or local foreign income or excise taxes or any other tax imposed on or measured by income (or any interest or penalty with respect thereto or arising from a failure to comply therewith), except to the extent that such tax is imposed as a result of a violation by such Person of the provisions of this Agreement or any Supplement.