Income Taxes. Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * EXHIBIT G-2 FORM OF TRANSFEROR CERTIFICATE __________ , 20__ Residential Funding Mortgage Securities I, Inc. 8400 Normandale Xxxx Xxxxxxxxx Xxxxx 000 Xxxxxxxxxxx, Xxxxxxxxx 00000 [Trustee] Attention: Residential Funding Corporation Series _______ Re: Mortgage Pass-Through Certificates, Series ________, Class R[-__] Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by _____________________ (the "Seller") to _____________________(the "Purchaser") of $______________ Initial Certificate Principal Balance of Mortgage Pass-Through Certificates, Series ________, Class R[-__] (the "Certificates"), pursuant to Section 5.02 of the Series Supplement, dated as of ________________, to the Standard Terms of Pooling and Servicing Agreement dated as of ________________ (together, the "Pooling and Servicing Agreement") among Residential Funding Mortgage Securities I, Inc., as seller (the "Company"), Residential Funding Corporation, as master servicer, and __________, as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:
Income Taxes. Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * Exhibit K Exhibit L [FORM OF RULE 144A INVESTMENT REPRESENTATION] Description of Rule 144A Securities, including numbers: ___________________________________ ___________________________________ ___________________________________ ___________________________________ The undersigned seller, as registered holder (the “Seller”), intends to transfer the Rule 144A Securities described above to the undersigned buyer (the “Buyer”).
Income Taxes. The provision for income taxes consists of the following: DECEMBER 31, 1999 1998 1997 (IN THOUSANDS) Current: Federal................................................... $11,611 $-- $168 Foreign................................................... 351 -- 90 State..................................................... 1,409 -- 1 13,371 -- 259 Deferred: Federal................................................... (4,143) -- -- Foreign................................................... -- -- -- State..................................................... (1,335) -- -- (5,478) -- -- $ 7,893 $-- $259 ======= === ==== 44 HARMONIC INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) The Company's (benefit) provision for income taxes differed from the amount computed by applying the statutory U.S. federal income tax rate to income (loss) before income taxes as follows: DECEMBER 31, 1999 1998 1997 (IN THOUSANDS) Provision at statutory rate........................... $11,051 $(7,294) $ 1,764 Differential (benefit) in rates on foreign earnings... (20) 774 (111) State taxes, net of federal benefit................... 48 -- 1 Foreign sales corporation benefit..................... (307) -- (176) Acquired in-process technology and non-deductible goodwill............................................ 106 4,863 -- Utilization of net operating loss carryovers.......... (597) -- (1,661) Utilization of research credits....................... (548) -- -- Future benefits not currently recognized.............. 508 2,116 364 Realized deferred tax assets previously reserved...... (3,249) -- -- Alternative minimum tax............................... -- -- 51 Others, net........................................... 901 (459) 27 $ 7,893======= $ --======= $ 259======= Deferred tax assets (liabilities) comprise the following: DECEMBER 31, 1999 1998 1997 (IN THOUSANDS) Net operating loss carryovers.......................... $ -- $ 845 $ 303 Research and development credit carryovers............. -- 3,285 2,452 Capitalized research and development costs............. 283 71 234 Reserves not currently deductible...................... 4,863 2,814 1,657 Other.................................................. 332 419 96 Total deferred tax assets.................... 5,478 7,434 4,742 Valuation allowance.................................... -- (7,434) (4,742) Net deferred tax assets................................ $5,478====== $ -- ======= $ --======= The valuation allowance at December 31, 1998 and 19...
Income Taxes. Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * [Reserved] Exhibit L [FORM OF RULE 144A INVESTMENT REPRESENTATION] Description of Rule 144A Securities, including numbers: The undersigned seller, as registered holder (the “Seller”), intends to transfer the Rule 144A Securities described above to the undersigned buyer (the “Buyer”).
Income Taxes. Borrower shall report on its federal, state and local income tax returns all interest or income accrued on the Reserve Funds.
Income Taxes. Each Party shall be responsible for its own Income Taxes.
Income Taxes. Except as provided in the next sentence, the Company shall withhold and/or reacquire a number of Shares issued in payment of (or otherwise issuable in payment of, as the case may be) the Restricted Stock Units having a Fair Market Value equal to the taxes that the Company determines it or the Employer is required to withhold under applicable tax laws with respect to the Restricted Stock Units (with such withholding obligation determined based on any applicable minimum statutory withholding rates). In the event the Company cannot (under applicable legal, regulatory, listing or other requirements, or otherwise) satisfy such tax withholding obligation in such method, the Company may satisfy such withholding by any one or combination of the following methods: (i) by requiring the Grantee to pay such amount in cash or check; (ii) by deducting such amount out of any other compensation otherwise payable to the Grantee; and/or (iii) by allowing the Grantee to surrender shares of Common Stock of the Company which (a) in the case of shares initially acquired from the Company (upon exercise of a stock option or otherwise), have been owned by the Grantee for such period (if any) as may be required to avoid a charge to the Company’s earnings, and (b) have a Fair Market Value on the date of surrender equal to the amount required to be withheld. For these purposes, the Fair Market Value of the Shares to be withheld or repurchased, as applicable, shall be determined on the date that the amount of tax to be withheld is to be determined.
Income Taxes. Each Party is responsible for its own income taxes or taxes based on gross revenues or gross receipts.
Income Taxes. Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * EXHIBIT I-2 FORM OF TRANSFEROR CERTIFICATE __________________, 200__ Residential Asset Mortgage Products, Inc. 8400 Normandale Lake Boulevard Suite 250 Minnexxxxxx, Xxxxxxxxx 00000 X.X. Xxxx Xxxxxxxx Xxxxxxxxxxx XX-XX-XX0X 00 Livingston Avenue St. Paul, MN 55107 Attn: Xxxxxxxxxx Xxxxxxx/RAMP Xxxxes 2006-EFC2 Re: Mortgage Asset-Backed Pass-Through Certificates, Series 2006-EFC2, Class R-[ ] Ladies and Gentlemen: This letter is delivered to you in connection with the transfer by _______________________________ (the "Seller") to _______________________________ (the "Purchaser") of $_____________ Initial Certificate Principal Balance of Mortgage Asset-Backed Pass-Through Certificates, Series 2006-EFC2, Class R-[__] (the "Certificates"), pursuant to Section 5.02 of the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of November 1, 2006 among Residential Asset Mortgage Products, Inc., as seller (the "Company"), Residential Funding Company, LLC, as master servicer, and U.S. Bank National Association, as trustee and supplemental interest trust trustee (the "Trustee" and "Supplemental Interest Trust Trustee," respectively). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Seller hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:
