Common use of Income Tax Characterization Clause in Contracts

Income Tax Characterization. For purposes of U.S. federal income, state and local income and franchise taxes, unless otherwise required by the relevant Governmental Authority, the Issuer will treat the Notes as debt.

Income Tax Characterization. For purposes of U.S. federal income, state and local income and franchise and any other income taxes, unless otherwise required by the relevant Governmental Authoritygovernmental authority, the Issuer will treat the Notes (other than as debtset forth in any Series Supplement) as indebtedness.

Income Tax Characterization. For purposes of U.S. federal income, state and local income and franchise and any other income taxes, unless otherwise required by the relevant Governmental Authoritygovernmental authority, the Issuer will treat the Notes as debtindebtedness.