Maintenance of Tax Status. The Borrower shall take all action necessary to prevent the Borrower and the Guarantor from being, and will take no action which would have the effect of causing either of the Borrower or the Guarantor to be, treated as an association taxable as a corporation or otherwise to be taxed as an entity for federal income tax purposes.
Maintenance of Tax Status. Each Party shall cooperate with the other to maintain the other Party's tax status. Nothing in this Agreement is intended to adversely affect the Distribution Provider's tax exempt status with respect to the issuance of bonds including, but not limited to, local furnishing bonds.
Maintenance of Tax Status. Borrower shall take all action necessary to prevent Borrower, Intermediate Partnership or NBPC from being, and will take no action which would have the effect of causing any of Borrower, Intermediate Partnership or NBPC to be, treated as an association taxable as a corporation or otherwise to be taxed as an entity for federal income tax purposes.
Maintenance of Tax Status. Despite any other provision of this Agreement, the Trustees may amend this Agreement or the Plan to maintain the Trust’s status as an “employee life and health trust” under the ITA or to otherwise comply with any other applicable law. A copy of every such amendment shall be provided to HEABC.
Maintenance of Tax Status. PPL Montana shall not and shall not permit any of its Core Subsidiaries to, voluntarily take any action which would cause PPL Montana or its Core Subsidiaries to be treated as an association taxable as a corporation for federal income tax purposes.
Maintenance of Tax Status. The Issuer will not, and will cause each of the Guarantors not to, voluntarily take any action to cause the Issuer or any Guarantors to be subject to taxation as a separate entity for federal income tax purposes.
Maintenance of Tax Status. The Borrower will not, and will cause each of the Guarantors not to, voluntarily take any action to cause the Borrower or any Guarantors to be subject to taxation as a separate entity for federal income tax purposes.
Maintenance of Tax Status. Article 12.
Maintenance of Tax Status. The Managers shall use their best efforts and take all appropriate action to cause the Company to be classified, for federal income tax purposes, as a partnership and to maintain the Company’s valid existence as a partnership for tax purposes.
Maintenance of Tax Status. The Company shall not voluntarily take any action to cause the Company to be subject to taxation as a separate entity for federal income tax purposes.
