Interest Reporting Sample Clauses
The Interest Reporting clause requires parties to document and disclose any interest amounts that accrue under the agreement. Typically, this involves providing regular statements or reports detailing the calculation, rate, and payment of interest on outstanding amounts, such as late payments or overdue balances. By mandating transparent reporting, this clause ensures both parties are aware of interest obligations, reducing the risk of disputes and promoting financial clarity.
Interest Reporting. From January 1 of the current calendar year through the Closing Date, Seller shall report all interest credited to, interest withheld from, and early withdrawal penalties charged to the Deposits. After the Closing Date and through the end of the calendar year in which the Closing occurs, Purchaser shall report all interest credited to, interest withheld from, and early withdrawal penalties charged to the Deposits. Said reports shall be made to the holders of the Deposits and to the applicable federal and state regulatory agencies.
Interest Reporting. Servicer agrees that interest paid on a mortgage note(s) by mortgagors will be reported to the Internal Revenue Service on Form 1099 (Interest Reporting Form). Servicer understands that failure to report interest paid may result in a $50.00 penalty to Servicer by the IRS.
Interest Reporting. Each Legal Entity and the QI acknowledge and agree (i) that the income earned on funds invested pursuant to the Escrow Agreement will be attributed to Exchangor for income tax purposes and (ii) for US tax withholding and information reporting purposes, all earnings in any Account will be reported and, as appropriate, taxes will be withheld upon and remitted on an annual basis whether such earnings are distributed or not.
Interest Reporting. You are hereby instructed to report interest on our Long Term Escrow as follows: Print Name % of Interest Signature Print Name % of Interest Signature
Interest Reporting. 28 13.12 Withholding.................................................28 13.13 Taxpayer Information........................................28 13.14 Seller's Cooperation........................................29 TABLE OF CONTENTS (CONTINUED) PAGE
Interest Reporting. With respect to the reporting requirements of federal and state tax laws, Seller shall report through the Closing Date, and Buyer shall report from the day after the Closing Date through the end of the calendar year, all interest credited to, interest withheld from and early withdrawal penalties charged to Deposits assumed by Buyer pursuant to this Agreement and all interest paid on Loans purchased by Buyer pursuant to this Agreement. Such reports shall be made to the Customers to whose accounts such reports relate and to the applicable federal and state tax and/or regulatory authorities.
Interest Reporting. Buyer shall report for 2010 all interest credited to, interest withheld from, and early withdrawal penalties charged to the Deposits which are assumed by Buyer under this Agreement. Seller agrees to cooperate with Buyer to permit Buyer to retain Seller’s current reporting service provider (and assume any such contract) (if Buyer elects to do so) and to assist Buyer in the preparation of any such reports or background materials needed for the preparation of any such reports. Said reports shall be made to the holders of these accounts and to the applicable federal and state regulatory agencies.
Interest Reporting. Seller shall report through and including the Closing Date, all interest credited to, interest paid by, interest withheld from, and early withdrawal penalties charged to the Deposit Liabilities. The Bank shall report all such information beginning on the day following the Closing Date. Said reports shall be made to the Depositors and to the applicable federal and state regulatory agencies. Seller and the Bank shall each provide to the other information in its possession reasonably requested by the other to satisfy its obligations hereunder. PAGE
Interest Reporting. SELLER shall report from January 1, 2007, through the Closing Date, and BUYER shall report from the Closing Date through December 31, 2007, all interest credited to, interest premiums paid on, interest withheld from and early withdrawal penalties charged to the Deposit Accounts. Such reports shall be made to the holders of Deposit Liabilities and to the applicable federal and state regulatory agencies.
Interest Reporting. Buyer will report from January 1, 2001 through December 31, 2001, all interest credited to, interest premiums paid on, interest withheld from and early withdrawal penalties charged to the Deposits. Seller warrants that the information that it provides to Buyer with respect to the aforementioned interest reporting is accurate. Such reports will be made to the holders of accounts relating to Deposits and to the applicable federal and state regulatory agencies. Buyer shall also be responsible for reporting any interest received on the outstanding Loans.