Common use of Information Reports Clause in Contracts

Information Reports. With respect to the calendar year in which the Closing occurs, for Federal or state income tax reporting purposes Seller will report all interest accrued and paid with respect to all Deposit Liabilities and all interest received with respect to Loans up to the close of business on the Closing Date. Purchaser will report all interest accrued and paid with respect to all Deposit Liabilities and all interest received with respect to Loans from and after the Closing Date (except that all interest accrued and paid on tax-deferred certificates of deposit shall be reported by Purchaser).

Information Reports. With respect to the calendar year in which the Closing Date occurs, for Federal or state federal income tax reporting purposes purposes, Seller will shall report all interest accrued and paid with respect to all Deposit Assumed Liabilities and all interest received with respect to Loans up to the close of business on through the Closing Date. Purchaser will , and Buyer shall report all interest accrued and paid with respect to all Deposit Assumed Liabilities and all interest received with respect to Loans from and after the Closing Date (except that all interest accrued and paid on tax-deferred certificates of deposit shall be reported by Purchaser)Date.

Information Reports. With respect to the calendar year in which the Closing Date occurs, for Federal or state income tax Income Tax reporting purposes Seller will report all interest accrued and paid with respect to all Deposit Liabilities and all interest received with respect to Loans Assumed Deposits up to the close of business on the Closing Date. Purchaser will report all interest accrued and paid with respect to all Deposit Liabilities and all interest received with respect to Loans from and Assumed Deposits after the Closing Date (except that all interest accrued and paid on tax-deferred certificates of deposit shall be reported by Purchaser)Date.