Tax Treatment of Credit Extensions. Each of the Depositor and the Servicer agree to treat the Credit Extensions as indebtedness for U.S. federal, State and local income and franchise tax purposes and for purposes of any other tax imposed on or measured in whole or in part by income.
Appears in 5 contracts
Samples: Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Master Collateral Agency and Intercreditor Agreement (Verizon Master Trust), Transfer and Servicing Agreement (Verizon Master Trust)
