Common use of WHFIT Regulation Compliance Clause in Contracts

WHFIT Regulation Compliance. (a) The Securities Administrator shall treat the ES Trust as a WHMT. The Securities Administrator will report to the Holders of the Certificates (other than the Class A-R Certificates), as the beneficial owners of the ES Trust, as required under the WHFIT Regulations to the extent such information as is reasonably necessary to enable Securities Administrator to do so is provided to Securities Administrator on a timely basis. The Securities Administrator will not be liable for any tax reporting penalties that may arise under the WHFIT Regulations as a result of the incorrect determination of the status of the ES Trust as a WHFIT or failing to identify whether or not the ES Trust is a WHFIT.

WHFIT Regulation Compliance. (a) The Securities Administrator shall treat the ES Trust as a WHMT. The Securities Administrator will report to the Holders of the Certificates (other than the Class A-R Certificates), as the beneficial owners of the ES Trust, as required under the WHFIT Regulations to the extent such information as is reasonably necessary to enable Securities Administrator to do so is provided to Securities Administrator on a timely basis. The Securities Administrator will not be liable for any tax reporting penalties that may arise under the WHFIT Regulations as a result of the incorrect determination of the status of the ES Trust as a WHFIT or failing to identify whether or not the ES Trust is a WHFIT.. 121