Tax Event and Tax Event Upon Merger. Section 5(b)(ii) will apply, provided that the words "(x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y)" are hereby deleted.
Appears in 2 contracts
Samples: Master Agreement (Caterpillar Financial Funding Corp), Master Agreement (Caterpillar Financial Funding Corp)
Tax Event and Tax Event Upon Merger. Section 5(b)(ii) will apply, provided that the words "β(x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y)" β are hereby deleted.
Appears in 2 contracts
Samples: Isda Master Agreement (Ford Credit Auto Owner Trust 2008-A), Isda Master Agreement (Ford Credit Auto Owner Trust 2007-B)