Income Tax Characterization. For purposes of federal income tax, State and local income tax, franchise tax and any other income taxes, the Issuer and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, will treat the Notes as indebtedness of the Issuer and hereby instructs the Trustee to treat the Notes as indebtedness of the Issuer for federal and State tax reporting purposes.
Appears in 9 contracts
Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)
Income Tax Characterization. For purposes of federal income taxincome, State state and local income tax, and franchise tax and any other income taxes, the Issuer Issuer, the Noteholders and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, Certificateholders will treat the Notes as indebtedness of the Issuer and hereby instructs instruct the Indenture Trustee to treat the Notes as indebtedness of the Issuer for federal and State state tax reporting purposes.
Appears in 5 contracts
Samples: Indenture (HSBC Automotive Trust (USA) 2007-1), Indenture (HSBC Automotive Trust (USA) 2006-1), Indenture (Household Auto Receivables Corp)
Income Tax Characterization. For purposes of federal income taxincome, State state and local income tax, and franchise tax and any other income taxes, the Issuer Issuer, the Noteholders, the Certificateholders and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, Indenture Trustee will treat the Notes as indebtedness of the Issuer and hereby instructs the Indenture Trustee to treat the Notes as indebtedness of the Issuer for federal and State state tax reporting purposes.
Appears in 5 contracts
Samples: Indenture (Household Auto Receivables Corp), Indenture (Household Auto Receivables Corp), Indenture (Household Automotive Trust v Series 2000 2)
Income Tax Characterization. For purposes of federal income tax, State and local income tax, franchise tax and any other income taxes, the Issuer and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, will treat the Notes such Note as indebtedness of the Issuer and hereby instructs the Trustee to treat the Notes as indebtedness of the Issuer for federal and State tax reporting purposes.
Appears in 3 contracts
Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)
Income Tax Characterization. For purposes of federal income taxincome, State state and local income tax, and franchise tax and any other income taxes, the Issuer Issuer, the Noteholders, the Certificateholders and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, Trustee will treat the Notes as indebtedness of the Issuer and hereby instructs the Trustee to treat the Notes as indebtedness of the Issuer for federal and State state tax reporting purposes.
Appears in 3 contracts
Samples: Indenture (Household Auto Receivables Corp), Indenture (Household Auto Receivables Corp), Indenture (Household Automobile Revolving Trust I)
Income Tax Characterization. For purposes of federal income tax, State state and local income tax, franchise tax and any other income taxes, the Issuer and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, Noteholder will treat the Notes Note as indebtedness of the Issuer and hereby instructs instruct the Trustee to treat the Notes Note as indebtedness of the Issuer for federal and State all such tax reporting purposes.
Appears in 2 contracts
Samples: Variable Funding Note (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)
Income Tax Characterization. For purposes of federal income tax, State and local income tax, tax franchise tax and any other income taxes, the Issuer and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, will treat the Notes as indebtedness of the Issuer and hereby instructs the Trustee to treat the Notes as indebtedness of the Issuer for federal and State tax reporting purposes.
Appears in 2 contracts
Samples: Indenture (Consumer Portfolio Services Inc), Indenture (Consumer Portfolio Services Inc)
Income Tax Characterization. For purposes of federal income tax, State state and local income tax, franchise tax and any other income taxes, the Issuer and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, Noteholder will treat the Notes Note as indebtedness of the Issuer and hereby instructs the Trustee to treat the Notes Note as indebtedness of the Issuer for federal and State all such tax reporting purposes.
Appears in 1 contract
Income Tax Characterization. For purposes of federal income tax, State state and local income tax, tax franchise tax and any other income taxes, the Issuer and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, will treat the Notes as indebtedness of the Issuer and hereby instructs the Trustee to treat the Notes as indebtedness of the Issuer for federal and State state tax reporting purposes.
Appears in 1 contract
Income Tax Characterization. For purposes of U.S. federal income tax, State and local income tax, franchise tax and any other income taxes, the Issuer and each Noteholder, by its acceptance of its Note or in the case of a Note Owner, by its acceptance of a beneficial interest in a Note, will treat the Notes such Note as indebtedness of the Issuer and hereby instructs the Trustee to treat the Notes as indebtedness of the Issuer for U.S. federal and State tax reporting purposes.
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