Federal Income Tax Allocations. Net income of the Trust for any month, as determined for Federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof), shall be allocated to the Transferor.
Appears in 26 contracts
Samples: Trust Agreement (HSBC Home Equity Loan Trust (USA) 2006-2), Trust Agreement (First Horizon Asset Securities Inc), Trust Agreement (HSBC Home Equity Loan Corp I)