Common use of Tax Characterization Clause in Contracts

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federal, state and local income and franchise tax purposes, the Series 2009-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 2009-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state state, local and local foreign income and franchise tax Tax purposes, the Series 20092021-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092021-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092012-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092012-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state state, local and local foreign income and franchise tax purposes, the Series 20092017-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092017-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax Tax purposes, the Series 20092021-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092021-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092007-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092007-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Transaction Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax Tax purposes, the Series 20092019-1 Class A‑1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092019-1 Class A‑1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax Tax purposes, the Series 20092017-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092017-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federal, state and local income and franchise tax purposes, the Series 20092000-1 Notes Note will be treated as evidence of indebtednessindebtedness issued by the Borrower, (b) agrees to treat the Series 20092000-1 Notes Note for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state state, local and local foreign income and franchise tax Tax purposes, the Series 20092018-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092018-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federal, state and local income and franchise tax purposes, the Series 2009-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 2009-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax Tax purposes, the Series 20092015-1 Class A‑1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092015-1 Class A‑1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state state, local and local foreign income and franchise tax Tax purposes, the Series 20092020-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092020-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax Tax purposes, the Series 20092019-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092019-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax Tax purposes, the Series 20092018-1 Class A‑1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092018-1 Class A‑1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092014-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092014-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state state, local and local foreign income and franchise tax purposes, the Series 20092019-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092019-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federal, state and local income and franchise tax purposes, the Series 20092008-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092008-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federal, state and local income and franchise tax purposes, the Series 20092010-1 2 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092010-1 2 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Series 2010-2 Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state state, local and local foreign income and franchise tax Tax purposes, the Series 20092019-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092019-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax Tax purposes, the Series 20092022-1 Class A‑1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092022-1 Class A‑1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. (a) . (a) Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092024-1 Class A-1 Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20092024-1 Class A-1 Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Transaction Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092007-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092007-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092022-1 Class A-1 Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20092022-1 Class A-1 Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Transaction Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state state, local and local foreign income and franchise tax Tax purposes, the Series 20092022-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092022-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092015-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092015-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. (a) . (a) Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092018-1 Class A-1 Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20092018-1 Class A-1 Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax Tax purposes, the Series 20092015-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092015-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. (a) . (a) Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federalfederal, state and local income and franchise tax purposes, the Series 20092022-1 Class A-1 Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20092022-1 Class A-1 Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all Federal, state and local income and franchise tax purposes, the Series 20092007-1 2 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20092007-1 2 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Transaction Documents shall be construed to further these intentions.