Common use of Specification of Certain Tax Matters Clause in Contracts

Specification of Certain Tax Matters. (a) Each Certificateholder shall provide the Trustee with a completed and executed Form W-9 prior to purchasing a Certificate. The Trustee shall comply with all requirements of the Internal Revenue Code, and applicable state and local law with respect to the withholding from any distributions made to any Certificateholder of any applicable withholding taxes imposed thereon and with respect to any applicable reporting requirements in connection therewith. The Transferor and each Certificateholder, by acceptance of its Certificate, agree for purposes of such withholding (and for all other federal, state, and local income and franchise tax purposes) to recognize and treat the Certificates as indebtedness of the Transferor. (b) On or before the last day of February of each calendar year beginning with calendar year 1996, the Master Servicer shall furnish to each Person who at any time during the preceding calendar year was Certificateholder a statement prepared by the Master Servicer setting forth the amount of interest and principal distributed to such Person during the preceding calendar year and such other information required to be provided by an issuer of indebtedness under the Internal Revenue Code and such other customary information (consistent with the treatment of the Certificates as debt, as provided in Section 10.06) as the Master Servicer deems necessary or desirable to enable the Certificateholders to prepare their tax returns. Such obligations of the Master Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided to the Certificateholder by the Transferor pursuant to any requirements of the Internal Revenue Code.

Specification of Certain Tax Matters. (a) Each Certificateholder shall provide the Trustee with a completed and executed Form W-9 prior to purchasing a Certificate. The Trustee shall comply with all requirements of the Internal Revenue Code, and applicable state and local law with respect to the withholding from any distributions made to any Certificateholder of any applicable withholding taxes imposed thereon and with respect to any applicable reporting requirements in connection therewith. The Transferor and each Certificateholder, by acceptance of its Certificate, agree for purposes of such withholding (and for all other federal, state, and local income and franchise tax purposes) to recognize and treat the Certificates as indebtedness of the Transferor. (b) On or before the last day of February of each calendar year beginning with calendar year 19961997, the Master Servicer shall furnish to each Person who at any time during the preceding calendar year was Certificateholder a statement prepared by the Master Servicer setting forth the amount of interest and principal distributed to such Person during the preceding calendar year and such other information required to be provided by an issuer of indebtedness under the Internal Revenue Code and such other customary information (consistent with the treatment of the Certificates as debt, as provided in Section 10.06) as the Master Servicer deems necessary or desirable to enable the Certificateholders to prepare their tax returns. Such obligations of the Master Servicer shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided to the Certificateholder by the Transferor pursuant to any requirements of the Internal Revenue Code.