Common use of Certification and Tax Reporting Clause in Contracts

Certification and Tax Reporting. The Co-Issuers have provided the Escrow Agent with their respective fully executed Internal Revenue Service (“IRS”) Form W-8, or W-9 and/or other required documentation. All interest or other income earned under this Agreement shall be allocated to Sponsor and reported, as and to the extent required by law, by the Escrow Agent to the IRS, or any other taxing authority, on IRS Form 1099 or 1042S (or other appropriate form) as income earned from the Escrow Deposit by Sponsor whether or not said income has been distributed during such year. Escrow Agent shall withhold any taxes it deems appropriate in the absence of proper tax documentation or as required by law, and shall remit such taxes to the appropriate authorities..

Appears in 3 contracts

Samples: Escrow Agreement (Solis Seattle, LLC), Escrow Agreement (Regal 286 Lenox LLC), Escrow Agreement (181 High Street LLC)

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Certification and Tax Reporting. The Co-Issuers have provided the Escrow Agent with their respective fully executed Internal Revenue Service (“IRS”) Form W-8, or W-9 and/or other required documentation. All Any interest or other income earned under this Agreement shall be allocated to Sponsor and reported, as and to the extent required by law, by the Escrow Agent to the IRS, or any other taxing authority, on IRS Form 1099 or 1042S (or other appropriate form) as income earned from the Escrow Deposit by Sponsor whether or not said income has been distributed during such year. Escrow Agent shall withhold any taxes it deems appropriate in the absence of proper tax documentation or as required by law, and shall remit such taxes to the appropriate authorities..

Appears in 1 contract

Samples: Escrow Agreement (One Chestnut Realty LLC)

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