Common use of Tax and Accounting Treatment Clause in Contracts

Tax and Accounting Treatment. The Authority is and intends to be treated as the owner of the Financed Eligible Loans for all purposes. The Authority further intends and agrees to treat the Notes as its indebtedness for federal, state and local income tax purposes.

Tax and Accounting Treatment. The Authority is and intends to be treated as the owner of the Financed Eligible Loans for all purposes. The Authority further intends and agrees to treat the Notes as its indebtedness for federal, state and local income tax and financial accounting purposes.