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.
Appears in 4 contracts
Samples: Term Loan Agreement (Oneok Inc /New/), Term Loan Agreement (ONEOK Partners LP), Credit Agreement (ONEOK Partners LP)
Maintenance of Tax Status. The To the extent permitted by Requirements of Law, 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 U.S. federal income tax purposes.
Appears in 4 contracts
Samples: Revolving Credit Agreement (Tc Pipelines Lp), Term Loan Agreement (Tc Pipelines Lp), Term Loan Agreement (Tc Pipelines Lp)
Maintenance of Tax Status. The Except to the extent otherwise required in the Borrower Partnership Agreement, the Borrower shall take all action necessary to prevent the Borrower and the Guarantor it 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.
Appears in 3 contracts
Samples: Revolving Credit Agreement (Tc Pipelines Lp), Revolving Credit Agreement (Northern Border Pipeline Co), Revolving Credit Agreement (Northern Border Pipeline Co)
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.
Appears in 3 contracts
Samples: Revolving Credit and Term Loan Agreement (Tc Pipelines Lp), Revolving Credit and Term Loan Agreement (Tc Pipelines Lp), Revolving Credit and Term Loan Agreement (Tc Pipelines Lp)
Maintenance of Tax Status. The Borrower shall take all action necessary to prevent the Borrower and the Intermediate Guarantor from being, and will take no action which would have the effect of causing either of the Borrower or the Intermediate Guarantor to be, treated as an association taxable as a corporation or otherwise to be taxed as an entity for federal income tax purposes.. 6.13
Appears in 2 contracts
Samples: Term Loan Agreement (ONEOK Partners LP), Term Loan Agreement (Oneok Inc /New/)
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 U.S. federal income tax purposes.
Appears in 1 contract
Samples: 364 Day Senior Bridge Loan Agreement (Tc Pipelines Lp)
Maintenance of Tax Status. The To the extent permitted by Requirements of Law, 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 U.S. federal income tax purposes.. ARTICLE VI
Appears in 1 contract
