IRS Reporting. Buyer shall submit Internal Revenue Service Form 1098 and 1099 Information Returns for the Loan for the entire year of the year in which the Closing Date occurs, and Seller will make commercially reasonable efforts to provide necessary data for same.
Appears in 2 contracts
Samples: Agreement for Sale and Purchase (Resource Real Estate Opportunity REIT, Inc.), Assignment Agreement (Resource Real Estate Opportunity REIT, Inc.)
IRS Reporting. Buyer Purchaser shall submit Internal Revenue Service Form 1098 and 1099 Information Returns for the Loan for the entire year of the year in which the Closing Date occurs, and Seller will make commercially reasonable efforts to provide necessary data for same.
Appears in 1 contract
Samples: Mezzanine Loan Sale and Purchase Agreement (NorthStar/RXR New York Metro Real Estate, Inc.)
IRS Reporting. Buyer Purchaser shall submit Internal Revenue Service Form 1098 and 1099 Information Returns for the Loan Mortgage Loans for the entire year of the year in which the Closing Date occurs, and Seller will make commercially reasonable efforts to provide necessary data for samesame provided that Purchaser will have no liability to Seller for Seller’s failure to timely provide such data. Seller may issue a Form 1099 in connection with the sale of the Mortgage Loans.
Appears in 1 contract
Samples: Mortgage Loan Sale and Purchase Agreement (Exantas Capital Corp.)
IRS Reporting. Buyer shall submit Internal Revenue Service Form 1098 and 1099 Information Returns for the Loan for the entire year of the year in which the Closing Date occurs, and Seller will make commercially reasonable efforts to provide necessary data for same.. Non-Negotiable
Appears in 1 contract
Samples: Agreement for Sale and Purchase
