Reporting to or for the Applicable Taxing Authorities. With respect to each Loan, the Initial Member shall be responsible for submitting all tax information returns with all applicable Governmental Authorities for all applicable periods prior to the respective Servicing Transfer Date, and the Company shall be responsible for submitting all tax information returns with all applicable Governmental Authorities for all applicable periods commencing with the respective Servicing Transfer Date. Information returns include reports on Internal Revenue Service Forms 1098 and 1099. The Company shall be responsible for submitting all information returns required under applicable Law of any Foreign Jurisdiction, to the extent such information returns are required to be filed by the Company or the Initial Member under such Law, relating to the Loans, for the calendar or tax year in which the Closing Date falls and thereafter.
Reporting to or for the Applicable Taxing Authorities. The Initial Member shall be responsible for submitting all Internal Revenue Service information returns related to the Loans for all applicable periods prior to the Servicing Transfer Date. The Company shall be responsible for submitting all Internal Revenue Service information returns related to the Loans for all applicable periods commencing with the Servicing Transfer Date. Information returns include reports on Forms 1098 and 1099. The Company shall be responsible for submitting all information returns required under applicable Law of any Foreign Jurisdiction, to the extent such are required to be filed by the Company or the Initial Member under such Law, relating to the Loans, for the calendar or tax year in which the Effective Date falls and thereafter.
Reporting to or for the Applicable Taxing Authorities. The Initial Member shall be responsible for providing to customers and submitting to the Internal Revenue Service all Internal Revenue Service information returns related to the Loans for all applicable periods ending on or prior to December 31, 2008. The Company shall be responsible for submitting all Internal Revenue Service information returns related to such Loans for all applicable periods commencing thereafter. Internal Revenue Service information returns include reports on Forms 1098 and 1099. The Company shall be responsible for submitting all information returns required under applicable Law of any Foreign Jurisdiction, to the extent such are required to be filed by the Company or the Initial Member under such Law, relating to such Loans, for the calendar or tax year beginning January 1, 2009 and thereafter. The Initial Member shall provide the Company with any information that is required to comply with any of the Company’s Tax reporting responsibilities, including the responsibilities described herein; provided that, such information is in the possession of the Initial Member and not in the possession of the Company, IMB HoldCo LLC or OneWest Bank Group LLC.
Reporting to or for the Applicable Taxing Authorities. Seller is responsible for submitting all Internal Revenue Service information returns related to the Loans sold hereunder for all applicable periods prior to the Deconversion Date. Xxxxx is responsible for submitting all Internal Revenue Service information returns related to the Loans sold hereunder for all applicable periods commencing with the Deconversion Date. Information returns include 1098 and 1099 reporting.
Reporting to or for the Applicable Taxing Authorities. With respect to each Asset, the Transferor will be responsible for submitting all tax information returns with all applicable Governmental Authorities for all applicable periods prior to the respective Servicing Transfer Date, and the Company will be responsible for submitting all tax information returns with all applicable Governmental Authorities for all applicable periods commencing with the respective Servicing Transfer Date. Information returns include reports on Internal Revenue Service Forms 1098 and 1099. The Company will be responsible for submitting all information returns required under applicable Law of any Foreign Jurisdiction, to the extent such information returns are required to be filed by the Company or the Transferor under such Law, relating to the Assets, for the calendar or tax year in which the Closing Date falls and thereafter.
Reporting to or for the Applicable Taxing Authorities. The Seller shall be responsible for submitting all Internal Revenue Service information returns related to the Loans sold hereunder for all applicable periods prior to the Deconversion Date. The Buyer shall be responsible for submitting all Internal Revenue Service information returns related to the Loans sold hereunder for all applicable periods commencing with the Deconversion Date. Information returns include 1098 and 1099 reporting. Buyer shall be responsible for submitting all information returns required under applicable laws of any Foreign Jurisdiction, to the extent such are required to be filed by Buyer or Seller under such laws, relating to the loans sold hereunder, for the calendar or tax year in which the Closing occurs and thereafter.
Reporting to or for the Applicable Taxing Authorities. The Buyer of Loan Pool NBF-1-07-010 or NBF-1-07-020 will be responsible for submitting all Internal Revenue Service information returns related to the Loans sold hereunder for all of 2007. The Buyer of Loan Pool NBF-1-07-010 will prepare and submit those returns at its own expense. The Buyer of Loan Pool NBF-1-07-020 will be reimbursed by the Seller for the Buyer’s reasonable costs attributable to preparing and submitting the returns for 2007 on the following basis: the Seller will reimburse Buyer for expenses which the Seller reasonably determines are actual, reasonable and necessary, including expenses of photocopying, postage and express mail, data processing and employee services (based upon the number of hours spent performing such duties) but not including overhead or other administrative expenses related to such employee services. All of such expenses submitted to Seller for reimbursement must be documented by evidence, satisfactory to Seller, supporting the basis for such expenses. Promptly upon request by Seller, Buyer shall supply Seller with any additional evidence that Seller may request. Buyer shall be responsible for submitting all information returns required under applicable laws of any Foreign Jurisdiction, to the extent such are required to be filed by Buyer or Seller under such laws, relating to the Loans, for the calendar or tax year in which the Closing occurs and thereafter.
