Consent to Treatment for Tax Purposes. Each Holder of a Corporate Unit or a Treasury Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for Federal, State and local income and franchise tax purposes, of (i) the related Applicable Ownership Interest in Debentures or the related Applicable Ownership Interest in the Treasury Portfolio, in the case of the Corporate Units, or (ii) the Treasury Securities, in the case of the Treasury Units. Each Holder of a Corporate Unit, by its acceptance thereof, further covenants and agrees to treat the Applicable Ownership Interest in Debentures as indebtedness of NEE Capital for Federal, State and local income and franchise tax purposes.
Appears in 12 contracts
Samples: Purchase Contract Agreement (Florida Power & Light Co), Purchase Contract Agreement (Florida Power & Light Co), Purchase Contract Agreement (Florida Power & Light Co)
Consent to Treatment for Tax Purposes. Each Holder of a Corporate Unit or a Treasury Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for Federal, State and local income and franchise tax purposes, of (i) the related Applicable Ownership Interest in Debentures or the related Applicable Ownership Interest in the Treasury Portfolio, in the case of the Corporate Units, or (ii) the Treasury Securities, in the case of the Treasury Units. Each Holder of a Corporate Unit, by its acceptance thereof, further covenants and agrees to treat the Applicable Ownership Interest in Debentures as indebtedness of NEE FPL Group Capital for Federal, State and local income and franchise tax purposes.
Appears in 3 contracts
Samples: Purchase Contract Agreement (Nextera Energy Inc), Purchase Contract Agreement (FPL Group Inc), Purchase Contract Agreement (FPL Group Inc)
Consent to Treatment for Tax Purposes. Each Holder of a Corporate Unit or a Treasury Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for Federal, State and local income and franchise tax purposes, of (i) the related Applicable Ownership Interest in Debentures or the related Applicable Ownership Interest in the Treasury Portfolio, in the case of the Corporate Units, or (ii) the Treasury Securities, in the case of the Treasury Units. Each Holder of a Corporate Unit, by its acceptance thereof, further covenants and agrees to treat the Applicable Ownership Interest in Debentures as indebtedness of NEE Capital for Federal, State and local income and franchise tax purposes.. 37 DB1/ 132079547.5
Appears in 1 contract
Samples: Purchase Contract Agreement (Florida Power & Light Co)
Consent to Treatment for Tax Purposes. Each Holder of a Corporate Share Purchase Unit or a Treasury Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for FederalUnited States federal, State state and local income and franchise tax purposes, of (i) the related Applicable Ownership Interest in Debentures Debt Securities or the related appropriate Applicable Ownership Interest in the Treasury Portfolio, in the case of the Corporate Share Purchase Units, or (ii) the Treasury Securities, in the case of the Treasury Units. Each Holder of a Corporate Share Purchase Unit, by its acceptance thereof, further covenants and agrees to treat the Applicable Ownership Interest in Debentures Debt Securities as indebtedness of NEE Capital the Company for FederalUnited States federal, State state and local income and franchise tax purposes.
Appears in 1 contract
Samples: Share Purchase Contract Agreement (Firstenergy Corp)