Common use of IRS Examination Clause in Contracts

IRS Examination. Buyer and Seller shall cooperate fully with each other in connection with any examination conducted by any tax authority after each Settlement Date, provided that nothing herein shall be construed as obligating Buyer or Seller to disclose or furnish any tax information not related to the transfer of the Loans. Buyer and Seller shall inform each other promptly of any material developments in the course of any such examination, the results of any such examination, and any proceeding related thereto.

Appears in 2 contracts

Samples: Continuing Loan Purchase Agreement (Austin Funding Com Corp), Continuing Loan Purchase Agreement (Westmark Group Holdings Inc)

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IRS Examination. Buyer and Seller shall cooperate fully with --------------- each other in connection with any examination conducted by any tax authority after each Settlement Date, provided that nothing herein shall be construed as obligating Buyer or Seller to disclose or furnish any tax information not related to the transfer of the Loans. Buyer and Seller shall inform each other promptly of any material developments in the course of any such examination, the results of any such examination, and any proceeding related thereto.

Appears in 1 contract

Samples: Continuing Loan Purchase Agreement (United Panam Financial Corp)

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IRS Examination. Buyer and Seller shall cooperate fully with each other in connection with any examination conducted by any tax authority after each the Settlement Date, provided that nothing herein shall be construed as obligating Buyer or Seller to disclose or furnish any tax information not related to the transfer of the Mortgage Loans. Buyer and Seller shall inform each other promptly of any material developments in the course of any such examination, the results of any such examination, and any proceeding related thereto.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Warranties Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2003-Sea)

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