Common use of Tax Shelter Regulations Clause in Contracts

Tax Shelter Regulations. The Borrowers do not intend to treat the Loans as being a "reportable transaction" (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrowers determine to take any action inconsistent with such intention, each will promptly notify the Agent thereof. If the Borrowers so notify the Agent, the Borrowers acknowledge that one or more of the Lenders may treat its Loans 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 Regulations. The Borrowers do not intend to treat the Loans as being a "reportable transaction" (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrowers determine to take any action inconsistent with such intention, each they will promptly notify the Administrative Agent thereof. If the Borrowers so notify the Administrative Agent, the Borrowers acknowledge that one or more of the Lenders may treat its Loans 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 Regulations. The Borrowers do not intend to treat the Loans as being a "“reportable transaction" ” (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrowers determine to take any action inconsistent with such intention, each will promptly notify the Agent thereof. If the Borrowers so notify the Agent, the Borrowers acknowledge that one or more of the Lenders may treat its Loans 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 Regulations. The Borrowers do Borrower does not intend to treat the Loans as being a "“reportable transaction" ” (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrowers determine Borrower determines to take any action inconsistent with such intention, each it will promptly notify the Administrative Agent thereof. If Borrower so notifies the Borrowers so notify the Administrative Agent, the Borrowers acknowledge Borrower acknowledges that one or more of the Lenders Banks may treat its Loans as part of a transaction that is subject to Treasury Regulation Section 301.6112-1, and such Lender Bank or LendersBanks, as applicable, will maintain the lists and other records required by such Treasury Regulation.

Tax Shelter Regulations. The Borrowers do Borrower does not intend to treat the Loans and related transactions as being a "“reportable transaction" ” (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrowers determine Borrower determines to take any action inconsistent with such intention, each it will promptly notify the Agent thereof. If the Borrowers Borrower so notify the notifies Agent, the Borrowers acknowledge Borrower acknowledges that one or more of the Lenders may treat its Committed Loans 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 Regulations. The Borrowers do not intend to treat the Loans and related transactions as being a "“reportable transaction" ” (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrowers determine to take any action inconsistent with such intention, each it will promptly notify the Administrative Agent thereof. If the Borrowers so notify the Administrative Agent, the Borrowers acknowledge that one or more of the Lenders may treat its Loans 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 Regulations. The Borrowers do not intend No Borrower intends to treat the Loans and related transactions as being a "reportable transaction" (within the meaning of Treasury Regulation Section 1.6011-4). In the event the Borrowers determine If any Borrower determines to take any action inconsistent with such intention, each it will promptly notify the Agent Xxxxxx thereof. If the Borrowers any Borrower so notify the Agentnotifies Xxxxxx, the Borrowers acknowledge such Borrower acknowledges that one anyone or more of the Lenders may treat its Loans as part of a transaction that is subject to Treasury Regulation Section 301.6112-1, and such Lender or Lenders, as applicable, Lenders will maintain the lists and other records required by such Treasury Regulation.