Consent to Treatment for Tax Purposes. Each Holder of an Income PRIDES or a Growth PRIDES, by its acceptance thereof, covenants and agrees to treat itself as the owner, for United States federal, state and local income and franchise tax purposes, of (i) the related Debt Securities or the appropriate Applicable Ownership Interest in the Treasury Portfolio, in the case of the Income PRIDES, or (ii) the Treasury Securities, in the case of the Growth PRIDES. Each Holder of an Income PRIDES, by its acceptance thereof, further covenants and agrees to treat the Debt Securities as indebtedness of the Company for United States federal, state and local income and franchise tax purposes.
Appears in 3 contracts
Samples: Purchase Contract Agreement (Texas Utilities Co /Tx/), Purchase Contract Agreement (Amerus Group Co/Ia), Purchase Contract Agreement (Texas Utilities Co /Tx/)
Consent to Treatment for Tax Purposes. Each Holder of an Income PRIDES a Corporate Unit or a Growth PRIDESTreasury Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for United States federal, state and local income and franchise tax purposes, of (i) the related Debt Securities or the appropriate Applicable Ownership Interest in the Treasury Portfolio, in the case of the Income PRIDESCorporate Units, or (ii) the Treasury Securities, in the case of the Growth PRIDESTreasury Units. Each Holder of an Income PRIDESa Corporate Unit, by its acceptance thereof, further covenants and agrees to treat the Debt Securities as indebtedness of the Company for United States federal, state and local income and franchise tax purposes.
Appears in 2 contracts
Samples: Purchase Contract Agreement (Txu Corp /Tx/), Purchase Contract Agreement (Txu Capital Iv)
Consent to Treatment for Tax Purposes. Each Holder of an Income PRIDES or a Growth PRIDES, by its acceptance thereof, covenants and agrees to treat itself as the owner, for United States federal, state and local income and franchise tax purposes, of (i) the related Debt Securities or the appropriate Applicable Ownership Interest in the appropriate Treasury Portfolio, in the case of the Income PRIDES, or (ii) the Treasury Securities, in the case of the Growth PRIDES. Each Holder of an Income PRIDES, by its acceptance thereof, further covenants and agrees to treat the Debt Securities as indebtedness of the Company for United States federal, state and local income and franchise tax purposes.
Appears in 2 contracts
Samples: Agent Purchase Contract Agreement (Great Plains Energy Inc), Purchase Contract Agreement (Amerus Group Co/Ia)
Consent to Treatment for Tax Purposes. Each Holder of an Income PRIDES or a Growth PRIDES, by its acceptance thereof, covenants and agrees to treat itself as the owner, for United States federal, state and local income and franchise tax purposes, of (i) the related Debt Securities or the appropriate Applicable Ownership Interest in the appropriate Treasury Portfolio, in the case of the Income PRIDES, or (ii) the Treasury Securities, in the case of the Growth PRIDES. Each Holder and beneficial owner of an Income PRIDES, by its acceptance thereof, further covenants and agrees to treat the Debt Securities as indebtedness of the Company for United States federal, state and local income and franchise tax purposes.
Appears in 1 contract
Samples: Agent Purchase Contract Agreement (Great Plains Energy Inc)
Consent to Treatment for Tax Purposes. Each Holder of an Income PRIDES a Type A or a Growth PRIDESType B Securities, by its acceptance thereof, covenants and agrees to treat itself as the owner, for United States federal, state and local income and franchise tax purposes, of (i) the related Debt Securities or the appropriate Applicable Ownership Interest in the Treasury Portfolio, in the case of the Income PRIDESType A Securities, or (ii) the Treasury Securities, in the case of the Growth PRIDESType B Securities. Each Holder of an Income PRIDESType A Securities, by its acceptance thereof, further covenants and agrees to treat the Debt Securities as indebtedness of the Company for United States federal, state and local income and franchise tax purposes.
Appears in 1 contract
Samples: Form of Purchase Contract Agreement (Oneok Inc /New/)
Consent to Treatment for Tax Purposes. Each Holder of an Income PRIDES a Corporate Unit or a Growth PRIDESTreasury Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for United States federal, state and local income and franchise tax purposes, of (i) the related Debt Securities or the appropriate Applicable Ownership Interest in the relevant Treasury Portfolio, in the case of the Income PRIDESCorporate Units, or (ii) the Treasury Securities, in the case of the Growth PRIDESTreasury Units. Each Holder of an Income PRIDESa Corporate Unit, by its acceptance thereof, further covenants and agrees to treat the Debt Securities as indebtedness of the Company for United States federal, state and local income and franchise tax purposes.. 37
Appears in 1 contract
