Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer will treat the Notes as indebtedness of the Issuer.
Appears in 3 contracts
Samples: Indenture (FCC Receivables Corp), Indenture (TMS Auto Holdings Inc), Indenture (TMS Auto Holdings Inc)
Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer will treat the Notes as indebtedness of the Issuerindebtedness.
Appears in 2 contracts
Samples: Indenture (Painewebber Asset Acceptance Corp), Indenture (Securitized Asset Backed Receivables LLC)
Income Tax Characterization. For purposes of federal income, state and local income and franchise and any other income taxes, the Issuer will treat the Notes as indebtedness of the Issuer.Issuer and the Issuer shall take all actions necessary to ensure that the Issuer is not treated as an association (or publicly traded partnership) taxable as a corporation. ARTICLE IIIA
Appears in 2 contracts
Samples: Indenture (Money Store Commercial Mortgage Inc), Indenture (Money Store Home Equity Corp)
Income Tax Characterization. For purposes of federal --------------------------- income, state and local income and franchise and any other income taxes, the Issuer will treat the Notes as indebtedness of the Issuerindebtedness.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
Income Tax Characterization. For purposes of federal Federal income, state State and local income and franchise and any other income taxes, the Issuer will treat the Notes as indebtedness debt of the Issuer.
Appears in 1 contract
Samples: Indenture (Olympic Financial LTD)
