Check the Box. If the Merger occurs, the Parties shall cooperate in preparing and filing an election under Treasury Regulation Section 301.7701-3(c) to cause Parent to be treated on the Closing Date, for United States federal income tax purposes, as a corporation (rather than a partnership or disregarded entity).
Check the Box. FOR EACH REQUESTED SERVICE Visa® Credit Qualified Rate*,1, 2 MasterCard® Credit Qualified Rate*,1, 2 Visa Off-Line Debit Qualified Rate*,1, 2, † (no PIN) MasterCard Off-Line Debit Qualified Rate*,1, 2, † (no PIN) American Express®1, 3 Discover®1, 3 (Discover Fee of $.10 per item plus the indicated discount rate. A one-time $25.00 Discover membership fee may be collected via a separate ACH by Discover.) J C B®1, 3 CrossCheck (separate agreement required)3 Discount Rate (%) Inquiry Fee $ $ $ $ $ Split Dial N/A N/A YES N/A N/A Is Service currently established? If “Yes” provide account number. DISCOVER INFORMATION (FOR INTERNAL USE ONLY) Discover Franchise Code # | | | | | Purchasing Card (Level 2) Yes No To receive the optimal processing fee available, Purchasing Card transactions require additional data elements to be entered at the point of sale. Online Debit (PIN) 3 EBT3 Other Service3 NPC Processing Fee Debit Network Fee Food Stamps Cash Benefits Both N/A $ N/A $ $ $ N/A N/A FCS# * The following surcharge may be assessed in addition to the Qualified rate as described in Section 11 of the Card Processing Agreement: Qualified Rewards/World Surcharge Mid-Qualified Surcharge Non-Qualified Surcharge DISCOUNT ASSESSED Daily Monthly †OFF LINE DEBIT PER ITEM FEE SURCHARGE $0.05 per off line debit transaction Additional surcharge for monthly discount 1 % OFF LINE DEBIT PER ITEM FEE SURCHARGE (SUPERMARKETS ONLY): $0.31 per off line debit transaction. 1Possible fee adjustments are explained in Section 11 of the Card Processing Agreement.
Check the Box. Buyers and Seller agree that the Acquired Companies shall be classified as entities disregarded as separate from their owners under Internal Revenue Code § 7701, and Buyers agree not to change such classification until the second day business day following the Closing Date.
Check the Box. Notwithstanding any other terms or conditions of this Agreement, in the event that the Company elects, pursuant to the “Check-the- Box” provisions of the Internal Revenue Regulations, 26 C.F.R. § 301.7701-3, to be taxed as a corporation, and the Company further makes a Subchapter S election under the Code, the Members acknowledge and agree that this Agreement will not, at such time, be intended to cover allocations or distributions under Subchapter K of the Code or the related regulations providing for partnership tax treatment; and the Members acknowledge and agree that, at such time, any reference to or application of partnership tax regulations or any provisions of Subchapter K of the Code will be of no effect and will be disregarded. If thereafter, the Members elect partnership tax treatment for the Company, the provisions set forth in this Section 4, and other provisions of this Agreement providing for allocations or distributions in accordance with the partnership tax provisions of Subchapter K under the Code, and the related regulations will then be in effect. • MANAGEMENT
