Common use of Financial Reporting/Tax Characterization Clause in Contracts

Financial Reporting/Tax Characterization. The Credit Parties agree to obtain advice from their own accountants and Tax counsel regarding the financial reporting treatment and the Tax characterization of the transactions described in the Operative Agreements. The Credit Parties further agree that none of them shall rely upon any statement of any Financing Party or any of their respective Affiliates and/or Subsidiaries regarding any such financial reporting treatment and/or Tax characterization.

Appears in 4 contracts

Samples: Fourth Amendment to Certain Operative Agreements (Big Lots Inc), Fourth Amendment to Certain Operative Agreements (Big Lots Inc), Operative Agreements (Big Lots Inc)

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Financial Reporting/Tax Characterization. The Credit Parties agree to obtain advice from their own accountants and Tax tax counsel regarding the financial reporting treatment and the Tax tax characterization of the transactions described in the Operative Agreements. The Credit Parties further agree that none of them they shall not rely upon any statement of any Financing Party or any of their respective Affiliates and/or Subsidiaries regarding any such financial reporting treatment and/or Tax tax characterization.

Appears in 1 contract

Samples: Participation Agreement (Performance Food Group Co)

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Financial Reporting/Tax Characterization. The Each of the Credit Parties agree agrees to obtain advice from their from, and to consult and rely exclusively on, its own accountants and Tax tax counsel regarding the financial reporting treatment and the Tax tax characterization of the transactions described in the Operative AgreementsRelated Documents. The Each of the Credit Parties further agree acknowledges and agrees that none of them Lessee shall not rely upon any statement of any Financing Secured Party or any of their its respective Affiliates and/or or Subsidiaries regarding any such financial reporting treatment and/or Tax or tax characterization and that no Secured Party has made any representation as to such financial reporting treatment or tax characterization.

Appears in 1 contract

Samples: Participation Agreement (Minimed Inc)

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