Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement to the contrary, the Certificate Administrator on behalf of the Trustee shall comply with all federal withholding requirements with respect to payments to Certificateholders of interest, original issue discount, or other amounts that the Certificate Administrator reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for any such withholding and any amount so withheld shall be regarded as distributed to the related Certificateholders for purposes of this Agreement. If the Certificate Administrator withholds any amount from payments made to any Certificateholder pursuant to federal withholding requirements, the Certificate Administrator shall indicate to such Certificateholder the amount withheld. The Trustee shall not be responsible for the Certificate Administrator’s failure to comply with any withholding requirements.
Appears in 40 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement to the contrary, the Certificate Administrator Paying Agent on behalf of the Trustee shall comply with all federal withholding requirements with respect to payments to Certificateholders of interest, original issue discount, or other amounts that the Certificate Administrator Paying Agent reasonably believes are applicable under the Code, giving effect to all applicable exemptions from withholding as to which the recipient has furnished the applicable and effective certification or other documentation. The consent of Certificateholders shall not be required for any such withholding and any amount so withheld shall be regarded as distributed to the related Certificateholders for purposes of this Agreement. If In the Certificate Administrator event the Paying Agent withholds any amount from payments made to any Certificateholder pursuant to federal withholding requirements, the Certificate Administrator Paying Agent shall indicate to such Certificateholder the amount withheld. The Trustee shall not be responsible for the Certificate Administrator’s Paying Agent's failure to comply with any withholding requirements.
Appears in 7 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2006-Iq11), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 IQ8), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement to the contrary, the Certificate Administrator on behalf of the Trustee shall comply with all federal withholding requirements with respect to payments to Certificateholders of interest, original issue discount, or other amounts that the Certificate Administrator Trustee reasonably believes are applicable under the Code, giving effect to all applicable exemptions from withholding as to which the recipient has furnished the applicable and effective certification or other documentation. The consent of Certificateholders shall not be required for any such withholding and any amount so withheld shall be regarded as distributed to the related Certificateholders for purposes of this Agreement. If In the Certificate Administrator event the Trustee withholds any amount from payments made to any Certificateholder pursuant to federal withholding requirements, the Certificate Administrator Trustee shall indicate to such Certificateholder the amount withheld. The Trustee shall not be responsible for the Certificate Administrator’s failure to comply with any withholding requirements.
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq13), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq13), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq13)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement to the contrary, the Certificate Administrator Trustee on behalf of the Trustee shall comply with all federal withholding requirements with respect to payments to Certificateholders of interest, original issue discount, or other amounts that the Certificate Administrator Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for any such withholding and any amount so withheld shall be regarded as distributed to the related Certificateholders for purposes of this Agreement. If In the Certificate Administrator event the Trustee withholds any amount from payments made to any Certificateholder pursuant to federal withholding requirements, the Certificate Administrator Trustee shall indicate to such Certificateholder the amount withheld. The Trustee shall not be responsible for the Certificate Administrator’s failure to comply with any withholding requirements.
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement to the contraryAgreement, the Certificate Administrator on behalf of the Trustee shall comply with all federal withholding requirements with respect to respecting payments made or received under the Corridor Agreement and payments to Certificateholders of interest, interest or original issue discount, or other amounts discount that the Certificate Administrator Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for any such withholding and any amount so withheld shall be regarded as distributed to the related Certificateholders for purposes of this Agreementwithholding. If the Certificate Administrator withholds Trustee does withhold any amount from interest or original issue discount payments made or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Certificate Administrator Trustee shall indicate the amount withheld to such Certificateholder the amount withheldCertificateholders. The Trustee Such amounts shall not be responsible deemed to have been distributed to such Certificateholders for the Certificate Administrator’s failure to comply with any withholding requirementsall purposes of this Agreement.
Appears in 1 contract
Sources: Trust Agreement (Bcap 2006-Rr1)
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement to the contraryAgreement, the Certificate Administrator on behalf of the Trustee shall comply with all federal withholding requirements with respect to respecting payments to Certificateholders of interest, interest or original issue discount, or other amounts discount that the Certificate Administrator Trustee reasonably believes are applicable under the Code. The consent of Certificateholders shall not be required for any such withholding and any amount so withheld shall be regarded as distributed to withholding. In the related Certificateholders for purposes of this Agreement. If event the Certificate Administrator withholds Trustee does withhold any amount from interest or original issue discount payments made or advances thereof to any Certificateholder pursuant to federal withholding requirements, the Certificate Administrator Trustee shall indicate to such Certificateholder Certificateholders the amount withheld. The Trustee Any amounts so withheld shall not be responsible deemed to have been distributed to the related Certificateholders for the Certificate Administrator’s failure to comply with any withholding requirementsall purposes of this Agreement [AND THE CERTIFICATE INSURANCE POLICY].
Appears in 1 contract
Compliance with Withholding Requirements. Notwithstanding any other provision of this Agreement to the contrary, the Certificate Administrator Paying Agent on behalf of the Trustee shall comply with all federal withholding requirements with respect to payments to Certificateholders of interest, original issue discount, or other amounts that the Certificate Administrator Paying Agent reasonably believes are applicable under the Code, giving effect to all applicable exemptions from withholding as to which the recipient has furnished the applicable and effective certification or other documentation. The consent of Certificateholders shall not be required for any such withholding and any amount so withheld shall be regarded as distributed to the related Certificateholders for purposes of this Agreement. If In the Certificate Administrator event the Paying Agent withholds any amount from payments made to any Certificateholder pursuant to federal withholding requirements, the Certificate Administrator Paying Agent shall indicate to such Certificateholder the amount withheld. The Trustee shall not be responsible for the Certificate AdministratorPaying Agent’s failure to comply with any withholding requirements.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc.)