Maintenance of Non-Taxable Status. Borrower will maintain its status of being taxed as a partnership for the purposes of federal, state and local income taxes.
Appears in 6 contracts
Samples: Loan Agreement (First Potomac Realty Trust), Loan Agreement (KSL Recreation Group Inc), Loan Agreement (Golf Ventures Inc)
Maintenance of Non-Taxable Status. Borrower will shall maintain its status of being taxed as a company taxable as a partnership for the purposes of federalFederal, state and local income taxestaxation.
Appears in 1 contract
