Federal Income Tax Purposes. The Seller intends to treat the transactions contemplated under this Agreement as a sale of the Receivables to the Trust for federal income tax purposes. The Trustee intends to cause to be filed all returns or reports on behalf of the Trust in a manner consistent with such treatment.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Asta Funding Inc), Pooling and Servicing Agreement (Asta Funding Inc)
Federal Income Tax Purposes. The Seller intends to treat the transactions contemplated under this Agreement as a sale of the Receivables to the Trust for federal income tax purposes, subject to the retention by the Seller of a stripped coupon therein as described in Section 1286 of the Code. The Seller and the Trustee intends intend to cause to be filed all returns or reports on behalf of the Trust in a manner consistent with such treatment.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Aegis Consumer Funding Group Inc), Pooling and Servicing Agreement (Aegis Consumer Funding Group Inc)
Federal Income Tax Purposes. The Seller intends to treat the transactions contemplated under this Agreement as a sale of the Receivables to the Trust Purchaser for federal income tax purposes. The Purchaser and the Trustee intends intend to cause to be filed all returns or reports on behalf of the Trust in a manner consistent with such treatment.
Appears in 2 contracts
Samples: Purchase Agreement (Asta Funding Inc), Purchase Agreement (Asta Funding Inc)
