Income Tax Characterization. Each of the Trust Depositor, the Servicer, the Trust, the Indenture Trustee, the Agent and the Lenders agree to treat the Loans as indebtedness of the Trust Depositor for purposes of federal income, state and local income and franchise and any other income taxes.
Appears in 8 contracts
Samples: Loan Agreement (Cit Equipment Collateral 2003-Vt1), Loan Agreement (Cit Equipment Collateral 2004-Vt1), Loan Agreement (Cit Equipment Collateral 2002-Vt1)
