Common use of Corporate Transparency Act Clause in Contracts

Corporate Transparency Act. The Corporate Transparency Act (31 U.S.C § 5336) and its implementing regulations (collectively, the “CTA”) may require the Trust to file certain reports with FinCEN after the date of this Agreement. It shall be the Administrator’s and not the Owner Trustee’s duty to cause the Trust to make such filings and to cause the Trust to comply with its obligations under the CTA, if any. The parties hereto agree that for purposes of the CTA, the Certificateholder(s) are and shall be deemed to be the sole direct owners of the Trust, and one or more Controlling Parties of the Administrator are and shall be deemed to be the parties with the power and authority to exercise substantial control over the Trust.

Corporate Transparency Act. The Corporate Transparency Act (31 U.S.C U.S.C. § 5336) and its implementing regulations (collectively, the “CTA”) may require the Trust to file certain reports with FinCEN after the date of this Agreement. It shall be the Administrator’s and not the Owner Trustee’s duty to cause the Trust to make such filings and to cause the Trust to comply with its obligations under the CTA, if any. The parties hereto agree that for purposes of the CTA, the Certificateholder(s) are and shall be deemed to be the sole direct owners of the Trust, and one or more Controlling Parties of the Administrator are and shall be deemed to be the parties with the power and authority to exercise substantial control over the Trust.