Tax Shelter Provisions. Promptly after any of the Loan Parties determines that it intends to treat any of the Loans, Letters of Credit or related transactions as being a “reportable transaction” as provided in Section 7.1.17
(1) a written notice of such intention to the Agent; and
(2) a duly completed copy of IRS Form 8886 or any successor form.
Tax Shelter Provisions. Furnish Agent promptly after any Borrower determines that it intends to treat any of the Advances or related transactions as being a "reportable transaction" as provided in Section 6.9 with
(1) a written notice of such intention to the Agent; and
(2) a duly completed copy of IRS Form 8886 or any successor form.
Tax Shelter Provisions. Promptly after the Borrower has notified the Administrative Agent of any intention by the Borrower to treat the Loans and/or Letters of Credit and related transactions as being a "reportable transaction" (within the meaning of Treasury Regulation Section 1.6011-4), a duly completed copy of IRS Form 8886 or any successor form.
Tax Shelter Provisions. The following new Section shall be inserted into the Credit Agreement immediately following Section 8.0.0.0:
Tax Shelter Provisions. 86 AMENDED AND RESTATED REVOLVING CREDIT AND SECURITY AGREEMENT This Amended and Restated Revolving Credit and Security Agreement (this "Agreement") dated as of November 26, 2003 by and among Robotic Vision Systems, Inc., a corporation organized under the laws of the State of Delaware ("Borrower"), RVSI Investors, L.L.C., a Delaware limited liability company ("RI") and the other lenders which are now or which hereafter become a party hereto (collectively, "Lenders" and individually a "Lender") and PNC BANK, NATIONAL ASSOCIATION ("PNC"), as agent for Lenders (PNC, in such capacity, "Agent"). Borrower, CiMatrix LLC ("CiMatrix"), Acuity Imaging LLC ("Acuity"), Systemation Engineered Products, Inc. ("Systemation"), Vanguard Automation, Inc. ("Vanguard"), Northeast Robotics LLC ("Northeast Robotics"), certain Lenders (as such term is defined in the hereinafter referenced Prior Credit Agreement) and PNC, as agent for Lenders, previously entered into a Revolving Credit and Security Agreement dated as of April 28, 2000 (as same was amended from time to time, the "Prior Credit Agreement") pursuant to which Lenders extended financing as described therein. On October 1, 2000, each of CiMatrix, Acuity, Systemation, Vanguard and Northeast Robotics merged with and into Borrower under the name of "Robotic Vision Systems, Inc.".
Tax Shelter Provisions. Promptly after any of the parties to this Agreement determines that it intends to treat any of the Revolving Advances, Letters of Credit or related transactions as being a "reportable transaction" as provided in Section 15.23, such party will furnish:
(i) a written notice of such intention to Agent; and
(ii) a duly completed copy of IRS Form 8886 or any successor form.
Tax Shelter Provisions. Not treat, nor intend to treat, the Advance and/or Letters of Credit and related transactions as being a "reportable transaction" (within the meaning of Treasury Regulation Section 1.6011-4). In the event any Borrower has determined to take any action inconsistent with such intention, such Borrower will promptly (1) notify Agent hereof, and (2) deliver to Agent a duly completed copy of IRS Form 8886 or any successor form. If any Borrower so notifies the Agent, such Borrower acknowledges that one or more of Lenders may treat its Advances and/or Letters of Credit as part of a transaction that is subject to Treasury Regulation Section 301.6112-1, and such Lender or Lenders, as applicable, will maintain the lists and other records required by such Treasury Regulation.
Tax Shelter Provisions. Deliver to Agent promptly after any Borrower determines that it intends to treat any of the Advances, Letters of Credit or related transactions as being a "reportable transaction" as provided in Section 6.15.
(1) a written notice of such intention to Agent; and
(2) a duly completed copy of IRS Form 8886 or any successor form.
Tax Shelter Provisions. None of Borrower, the Company, any other Guarantor or any Related Company intends to treat the Facility or the transactions contemplated by this Agreement and the other Loan Documents as being a “reportable transaction” (within the meaning of Treasury Regulation Section 1.6011-4). If Borrower, any Guarantor or any Related Company determines to take any action inconsistent with such intention, Borrower will promptly notify Agent thereof, who shall in turn, promptly notify
Tax Shelter Provisions. Furnish Collateral Agent promptly after Loan Parties, or any of them, determines that they intend to treat any of the Advances or related transactions as being a "reportable transaction" within the meaning of Section 1.6011-4 of the Regulations, with a written notice to Collateral Agent of such intention, and a duly completed copy of IRS Form 8886 or any successor form.
