Common use of Reporting; Withholding Clause in Contracts

Reporting; Withholding. With respect to each of the REMIC Trusts and the Non-REMIC Estate, the Trustee shall timely provide to the Owners (or other Persons entitled thereto) the Internal Revenue Service's Form 1099 and any other statement required by applicable Treasury regulations or analogous provisions of state or local law as determined by the Sponsor, and shall withhold, as required by applicable law, federal, state or local taxes, if any, applicable to distributions to the Owners, including, but not limited to, backup withholding under Section 3406 of the Code, the withholding tax on distributions to foreign investors under Sections 1441 and 1442 of the Code and beginning after December 31, 2000, shall report as effectively connected income distributions with respect to Supplemental Interest Rights held by foreign holders if such holders have not provided certification that such distributions are not effectively connected income.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 2000 2), Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 1999-3), Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 2000-1)

AutoNDA by SimpleDocs

Reporting; Withholding. With respect to each of the REMIC Trusts and the Non-REMIC Estate, the Trustee shall timely provide to the Owners (or other Persons entitled thereto) the Internal Revenue Service's Form 1099 and any other statement required by applicable Treasury regulations or analogous provisions of state or local law as determined by the Sponsor, and shall withhold, as required by applicable law, federal, state or local taxes, if any, applicable to distributions to the Owners, including, but not limited to, backup withholding under Section 3406 of the Code, the withholding tax on distributions to foreign investors under Sections 1441 and 1442 of the Code and beginning after December 31[__________, 2000_____], shall report as effectively connected income distributions with respect to Supplemental Interest Rights held by foreign holders if such holders have not provided certification that such distributions are not effectively connected income.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Conduit Receivables Inc)

Reporting; Withholding. With respect to each of the REMIC Trusts and the Non-REMIC Estate, the Trustee shall timely provide to the Owners (or other Persons entitled thereto) the Internal Revenue Service's Form 1099 and any other statement required by applicable Treasury regulations or analogous provisions of state or local law as determined by the Sponsor, and shall withhold, as required by applicable law, federal, state or local taxes, if any, applicable to distributions to the Owners, including, but not limited to, backup withholding under Section 3406 of the Code, the withholding tax on distributions to foreign investors under Sections 1441 and 1442 of the Code and beginning after December 31, 20001999, shall report as effectively connected income distributions with respect to Supplemental Interest Rights held by foreign holders if such holders have not provided certification that such distributions are not effectively connected income.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Mortgage Conduit Services Inc)

AutoNDA by SimpleDocs

Reporting; Withholding. With respect to each of the REMIC Trusts and the Non-REMIC Estate, the Trustee shall timely provide to the Owners (or other Persons entitled thereto) the Internal Revenue Service's Form 1099 and any other statement required by applicable Treasury regulations or analogous provisions of state or local law as determined by the Sponsor, and shall withhold, as required by applicable law, federal, state or local taxes, if any, applicable to distributions to the Owners, including, but not limited to, backup withholding under Section 3406 of the Code, the withholding tax on distributions to foreign investors under Sections 1441 and 1442 of the Code and beginning after December 31, 2000, 108 110 shall report as effectively connected income distributions with respect to Supplemental Interest Rights held by foreign holders if such holders have not provided certification that such distributions are not effectively connected income.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Advanta Mortgage Conduit Services Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.