Definition of Tax Matters Partner Amount


Tax Matters Partner Amount means an interest in the Class R Notes that is equal to $0.02 (which will be deemed to be the equivalent of 2 units) of the nominal principal balance that will at all times be retained by the Depositor.
Sample 1

Examples of Tax Matters Partner Amount in a sentence

The Depositor shall at all times retain an interest in the Class R Notes that is no less than $0.02 (which will be deemed to be the equivalent of 2 units) of the nominal principal balance (the "Tax Matters Partner Amount") of the Class R Notes, and shall agree to be the "Tax Matters Partner" for the Issuer as defined in Code section 6231(a)(7), which duties shall include signing the Issuer's tax returns.SECTION 3.
The Depositor shall at all times retain an interest in the Class R Notes that is no less than $0.02 (which will be deemed to be the equivalent of 2 units) of the nominal principal balance (the Tax Matters Partner Amount) of the Class R Notes, and shall agree to be the Tax Matters Partner for the Issuer as defined in Code section 6231(a)(7), which duties shall include signing the Issuers tax returns.