Tax Reporting and Characterization. It is the Member's express intention that the Company not constitute a separate entity for purposes of federal income tax or state or local income, franchise or other taxes.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (Triad Financial Special Purpose LLC), Limited Liability Company Agreement (Ford Credit Floorplan Corp)
Tax Reporting and Characterization. It is the Member's ’s express intention that the Company not constitute a separate entity for purposes of federal income tax or state or local income, franchise or other taxes.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Efcar, LLC), Limited Liability Company Agreement (Ford Credit Floorplan LLC)
Tax Reporting and Characterization. It is the Member's Members' express intention that the Company not constitute a separate entity for purposes of federal income tax or state or local income, franchise or other taxes.
Appears in 1 contract
Samples: Operating Agreement (MACRO Securities Depositor, LLC)
