Common use of Borrower’s Tax Status Clause in Contracts

Borrower’s Tax Status. The Servicer shall not take or cause any action to be taken that could result in any Borrower (i) being treated other than as a “disregarded entity” within the meaning of U.S. Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes that is wholly owned by a United States person (within the meaning of Section 7701(a)(30) of the Code), (ii) becoming an association taxable as a corporation or a publicly traded partnership taxable as a corporation for U.S. federal income tax purposes, or (iii) becoming subject to any Tax in any jurisdiction outside the United States.

Borrower’s Tax Status. The Servicer shall not take or cause any action to be taken that could result in any the Borrower (i) being treated other than as a “disregarded entity” within the meaning of U.S. Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes that is wholly owned by a United States person (within the meaning of Section 7701(a)(30) of the Code)U.S. Person, (ii) becoming an association taxable as a corporation (or a publicly traded partnership partnership) taxable as a corporation for U.S. federal income tax purposes, or (iii) becoming 133 755287315 21689858 134 755287315 21689858 subject to any Tax in any jurisdiction outside the United StatesStates or (iv) becoming subject to any material Taxes imposed by a state or local taxing authority.

Borrower’s Tax Status. The Servicer shall not take or cause any action to be taken that could result in any the Borrower (i) being treated other than as a “disregarded entity” within the meaning of U.S. Treasury Regulation § 301.7701-3 for U.S. federal income tax purposes that is wholly owned by a United States person (within the meaning of Section 7701(a)(30) of the Code)U.S. Person, (ii) becoming an association taxable as a corporation (or a publicly traded partnership partnership) taxable as a corporation for U.S. federal income tax purposes, or (iii) becoming subject to any Tax in any jurisdiction outside the United StatesStates or (iv) becoming subject to any material Taxes imposed by a state or local taxing authority.