Tax Returns and Reports to Certificateholders. (a) For federal income tax purposes, each REMIC shall have a calendar year taxable year and shall maintain its books on the accrual method of accounting.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mort Sec Inc Mort Pass THR Certs Ser 2003-5), Pooling and Servicing Agreement (Banc of America Mortgage Securities Pass Thru Cert 2003-6)
Tax Returns and Reports to Certificateholders. (a) For federal income tax purposes, each REMIC the REMICs comprising the Trust shall have a calendar year taxable year and shall maintain its books on the accrual method of accounting.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Delta Funding Corp /De/)
Tax Returns and Reports to Certificateholders. (a) For federal income tax purposes, each REMIC shall have a calendar year taxable year and shall maintain its books on the accrual method of accounting.
Appears in 1 contract
Tax Returns and Reports to Certificateholders. (a) For federal income tax purposes, each the REMIC shall have a calendar year taxable year and shall maintain its books on the accrual method of accounting.
(b) The Trustee shall prepare or cause to be prepared and shall file or cause to be filed with the Internal Revenue Service and applicable state or local tax authorities income tax
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nationsbanc Montgomery Funding Corp)
Tax Returns and Reports to Certificateholders. (a) For federal income tax purposes, each the REMIC shall have a calendar year taxable year and shall maintain its books on the accrual method of accounting.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Mort Sec Inc Mort Pass THR Certs Ser 2003-8)
