Common use of Income Tax Characterization Clause in Contracts

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders and the Indenture Trustee will treat the Notes as indebtedness and hereby instructs the Indenture Trustee to treat the Notes as indebtedness for federal and state tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, Noteholders and the Certificateholders and the Indenture Trustee will treat the Notes as indebtedness and hereby instructs instruct the Indenture Trustee to treat the Notes as indebtedness for federal and state tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders and the Indenture Trustee will treat the Notes as indebtedness and hereby instructs the Indenture Trustee to treat the Notes as indebtedness for federal and state tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders and the Indenture Trustee Issuer 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 tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders and the Indenture Trustee Issuer will treat the Notes as indebtedness of the Sponsor and hereby instructs the Indenture Trustee to treat the Notes as indebtedness of the Sponsor for federal and state tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the IssuerIssuer will treat, the Noteholders, the Certificateholders and the Indenture Trustee each Noteholder by its acceptance of a Note will be deemed to have agreed to treat the Notes as indebtedness and hereby instructs the Indenture Trustee to treat the Notes as indebtedness for federal and state all applicable tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the IssuerIssuer will, the Noteholdersand each Noteholder by such Noteholder's acceptance thereof agrees to, the Certificateholders and the 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 tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders Issuer and the Indenture Trustee Noteholders will treat the Notes as indebtedness of the Sponsor and hereby instructs the Indenture Trustee to treat the Notes as indebtedness of the Sponsor for federal and state tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders and the Indenture Trustee Issuer will treat the Notes as indebtedness and hereby instructs the Indenture Trustee Trustee, and each Noteholder (or beneficial Note Owner) shall be deemed, by virtue of acquisition of its interest in such Note, to have agreed, to treat the Notes as indebtedness for federal and state all applicable tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders Issuer and the Indenture Trustee Noteholders will treat the Notes as indebtedness of the Sponsor and hereby instructs instruct the Indenture Trustee to treat the Notes as indebtedness of the Sponsor for federal and state tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders Issuer and the Indenture Trustee will treat the Notes as indebtedness and hereby instructs the Indenture Trustee Noteholders agree to treat the Notes as indebtedness of the Issuer and the Residual Certificates as equity in the Issuer and hereby instruct the Indenture Trustee to prepare all tax returns and reports regarding the Notes and the Trust for federal and state tax reporting purposespurposes in a manner consistent with such agreement.

Income Tax Characterization. For purposes of federal incomeincome tax, state and local income and tax, franchise tax and any other income taxes, the Issuer, the Noteholders, the Certificateholders Issuer and the Indenture Trustee Noteholders will treat the Notes as indebtedness and hereby instructs instruct the Indenture Trustee to treat the Notes as indebtedness for federal and state all such tax reporting purposes.

Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer, the Noteholders, the Certificateholders and the Indenture Trustee Issuer will treat the Notes as indebtedness and hereby instructs the Indenture Trustee to treat the Notes as indebtedness for federal and state tax reporting purposes.