Tax Characterization. Notwithstanding any provision of this Agreement, the parties hereto intend that the Loans advanced hereunder shall constitute indebtedness of the Borrower for federal income tax purposes.
Appears in 17 contracts
Samples: Receivables Loan and Security Agreement (Mru Holdings Inc), Receivables Loan and Security Agreement (LEAF Equipment Leasing Income Fund III, L.P.), Receivables Loan and Security Agreement (LEAF Equipment Leasing Income Fund III, L.P.)
Tax Characterization. Notwithstanding any provision of this Agreement, the parties hereto intend that the Loans advanced hereunder shall constitute indebtedness of the Borrower for federal income tax purposes.
Appears in 1 contract
Tax Characterization. Notwithstanding any provision of this Agreement, the parties hereto intend that the Loans advanced hereunder shall constitute indebtedness of the Borrower Company for federal income tax purposes.
Appears in 1 contract
Samples: Loan and Security Agreement (Iconix Brand Group, Inc.)
Tax Characterization. Notwithstanding any provision of this Agreement, the parties hereto intend that the Loans advanced hereunder shall constitute indebtedness of the Borrower for U.S. federal income tax purposesTax purposes and no party hereto shall take a contrary position on any Tax return or otherwise unless otherwise required by applicable law.
Appears in 1 contract
Samples: Receivables Loan and Security Agreement (Payoneer Global Inc.)
