Common use of Intent of the Parties Clause in Contracts

Intent of the Parties. It is the intent of the parties hereto and Noteholders that, for federal income taxes, state and local income or franchise taxes and other taxes imposed on or measured by income, the Notes be treated as debt. The parties to this Agreement and the Holder of each Note, by acceptance of its Note, and each Beneficial Owner thereof, agree to treat, and to take no action inconsistent with the treatment of, the related Notes in accordance with the preceding sentence for purposes of federal income taxes, state and local income and franchise taxes and other taxes imposed on or measured by income.

Intent of the Parties. It is the intent of the parties hereto and Noteholders that, for federal income taxesfederal, state and local income or income, single business and franchise taxes and other taxes imposed on or measured by incometax purposes, the Notes be treated as debt. The parties to this Agreement and the Holder of each Note, by acceptance of its Note, and each Beneficial Owner thereof, agree to treat, and to take no action inconsistent with the treatment of, the related Notes in accordance with the preceding sentence for purposes of federal income taxesfederal, state and local income income, single business and franchise taxes and other taxes imposed on or measured by incometax purposes.