Common use of Tax Treatment and Tax Structure Clause in Contracts

Tax Treatment and Tax Structure. Notwithstanding any other provision of this Term Sheet or the Agreement (including any confidentiality provision) or the terms of any confidentiality provisions in any other agreements between the parties relevant to the Mortgage Loans, each Seller, the Purchaser and the Servicer (and each employee, representative or other agent of any of the foregoing) may disclose to any and all persons, without limitation of any kind, (i) the "tax treatment" and "tax structure" (as those terms are defined in Treasury Regulations Section 1.6011-4(c)) of all transactions covered by this Term Sheet, the Agreement or any other agreements between the parties relevant to the Mortgage Loans and (ii) all materials of any kind (including opinions or other tax analyses) that are provided to any of the foregoing parties relating to such tax treatment and tax structure. TO WITNESS THIS, the parties have caused their names to be signed by their respective duly authorized officers as of the date first written above. WASHINGTON MUTUAL BANK, FA a federally chartered savings association By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- WASHINGTON MUTUAL BANK FSB a federal savings bank By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- WASHINGTON MUTUAL BANK a Washington state chartered stock savings bank By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- BANC OF AMERICA MORTGAGE CAPITAL CORPORATION a North Carolina corporation By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- TERM SHEET SCHEDULE I MORTGAGE LOAN SCHEDULE(S) * * To be attached as diskette in "read-only" format. EXHIBIT C ASSIGNMENT, ASSUMPTION AND RECOGNITION AGREEMENT