Common use of Tax Treatment Clause in Contracts

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State and local income and franchise tax purposes as indebtedness of the Issuer.

Appears in 45 contracts

Samples: Indenture (GS Auto Loan Trust 2005-1), Indenture (Ford Credit Auto Receivables Two L P), Indenture (Ford Credit Auto Receivables Two L P)

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Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 42 contracts

Samples: Indenture (Long Beach Securities Corp), Indenture (National City Mortgage Capital LLC), Indenture (J P Morgan Acceptance Corp I)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for all purposes including federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for all purposes including federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 35 contracts

Samples: Indenture (Daimlerchrysler Auto Trust 2003-B), Indenture (Daimlerchrysler Services North America LLC), Indenture (Daimlerchrysler Auto Trust 2004-B)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuer.

Appears in 33 contracts

Samples: Indenture (Mmca Auto Owner Trust 2001-3), Indenture (Mmca Auto Receivables Trust), Indenture (Mmca Auto Receivables Trust)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 26 contracts

Samples: Indenture (WFS Receivables Corp 3), Indenture (WFS Receivables Corp 3), Indenture (WFS Financial Auto Loans Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall qualify will be treated as indebtedness for purposes of the Issuer secured by the Indenture Trust Estatesuch taxes. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness for purposes of the Issuersuch taxes.

Appears in 24 contracts

Samples: Indenture (Phoenix Residential Securities, LLC), Indenture (Phoenix Residential Securities, LLC), Indenture (Residential Asset Mortgage Products Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateCollateral. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 16 contracts

Samples: Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp), Indenture (Onyx Acceptance Financial Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, business and franchise tax purposes as indebtedness of the Issuer.

Appears in 15 contracts

Samples: Indenture, Indenture, Indenture

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federalpurposes of federal and state income tax, State and local income and franchise tax purposesand any other tax measured in whole or in part by income, the Notes shall qualify will be characterized as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State and local income and franchise tax such purposes as indebtedness of the Issuerindebtedness.

Appears in 15 contracts

Samples: Indenture (Hyundai Abs Funding Corp), Indenture (Hyundai Auto Receivables Trust 2010-B), Indenture (Hyundai Auto Receivables Trust 2010-A)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 12 contracts

Samples: Indenture (Regions Auto Receivables Trust 2002-1), Indenture (SSB Vehicle Securities Inc SSB Auto Loan Trust 2002-1), Indenture (Regions Acceptance LLC Regions Auto Receivables Tr 2003-2)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes as indebtedness of the Issuer for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerpurposes.

Appears in 12 contracts

Samples: Indenture (CarMax Auto Owner Trust 2004-2), Indenture (Carmax Auto Owner Trust 2005-3), Indenture (CarMax Auto Owner Trust 2005-2)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 12 contracts

Samples: Indenture Agreement (Onyx Acceptance Financial Corp), Indenture (Toyota Motor Credit Receivables Corp), Indenture (Goldman Sachs Asset Backed Securities Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federalpurposes of federal and state income tax, State and local income and franchise tax purposesand any other tax measured in whole or in part by income, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an a beneficial interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State and local income and franchise tax such purposes as indebtedness of the Issuerindebtedness.

Appears in 11 contracts

Samples: Indenture (BMW Fs Securities LLC), Indenture (BMW Fs Securities LLC), Indenture (BMW Fs Securities LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Book Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 10 contracts

Samples: Indenture (Home Loan Trust 2006-Hi1), Indenture (Home Loan Trust 2006-Hi5), Indenture (Residential Funding Mortgage Securities Ii Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes as indebtedness of the Issuer for federal, State and local income and franchise tax purposes as indebtedness of the Issuerpurposes.

Appears in 10 contracts

Samples: Indenture (CarMax Auto Owner Trust 2013-4), Indenture (CarMax Auto Owner Trust 2013-3), Indenture (CarMax Auto Owner Trust 2013-2)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.. ARTICLE THREE

Appears in 10 contracts

Samples: Indenture (WFS Receivables Corp 2), Indenture (WFS Financial 2004-4 Owner Trust), Indenture (WFS Financial Auto Loans Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuer.

Appears in 7 contracts

Samples: Indenture (Volkswagen Public Auto Loan Securitization LLC), Indenture (Amsouth Auto Corp Inc), Indenture (Capital One Auto Receivables LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 7 contracts

Samples: Indenture (Toyota Auto Finance Receivables LLC), Indenture (Toyota Motor Credit Corp), Indenture (Toyota Auto Finance Receivables LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Bene ficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 6 contracts

Samples: Indenture (Namco Securities Corp), Indenture (WMC Secured Assets Corp), Indenture (Salomon Brothers Mortgage Securities Vii Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for all purposes including federal, State state and local income and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for all purposes including federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 6 contracts

Samples: Indenture (World Omni Auto Receivables Trust 2005-B), Indenture (World Omni Auto Receivables Trust 2005-A), Indenture (World Omni Auto Receivables LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an a beneficial interest in the applicable Booka Note held in book-Entry Noteentry form), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 4 contracts

Samples: Indenture (Nal Financial Group Inc), Indenture (Nal Financial Group Inc), Indenture (Nal Financial Group Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall qualify will be treated as indebtedness for purposes of the Issuer secured by the Indenture Trust Estatesuch taxes. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 4 contracts

Samples: Indenture (GMACM Home Loan Trust 2006-Hltv1), Indenture (Residential Asset Mortgage Products Inc), Indenture (Residential Asset Mortgage Products Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 4 contracts

Samples: Indenture (Morgan Stanley Abs Capital I Inc MSDWCC Heloc Trust 2003-1), Indenture (Heloc Asset-Backed Notes Series 2003-2), Indenture (Morgan Stanley ABS Capital I Inc. MSDWCC HELOC Trust 2005-1)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 4 contracts

Samples: Indenture (First Merchants Acceptance Corp), Indenture (First Merchants Acceptance Corp), Indenture (First Merchants Acceptance Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federalpurposes of federal and state income tax, State and local income and franchise tax purposesand any other tax measured in whole or in part by income, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State and local income and franchise tax such purposes as indebtedness of the Issuerindebtedness.

Appears in 4 contracts

Samples: Indenture (BMW Fs Securities LLC), Indenture (BMW Vehicle Owner Trust 2006-A), Indenture (BMW Vehicle Owner Trust 2004-A)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateCollateral. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each applicable Note Owner by its acceptance of an interest in the applicable related Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 4 contracts

Samples: Indenture (Homebanc Corp), Indenture (Sasco Mortgage Loan Trust Series 2004-Gel2), Indenture (SASCO Mortgage Loan Trust 2004-Gel3)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateCollateral. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 4 contracts

Samples: Indenture (BLG Securities Company, LLC), Indenture (Equivantage Acceptance Corp), Indenture (Firstplus Investment Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federalpurposes of federal and state income tax, State and local income and franchise tax purposesand any other tax measure in whole or in part by income, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State and local income and franchise tax such purposes as indebtedness of the Issuerindebtedness.

Appears in 3 contracts

Samples: Indenture (BMW Vehicle Owner Trust 2002-A), Indenture (BMW Vehicle Owner Trust 2001-A), Indenture (BMW Vehicle Owner Trust 2001-A)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the indebtedness. The Issuer secured by and the Indenture Trust Estate. The IssuerTrustee, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 3 contracts

Samples: Indenture (Superior Bank FSB Afc Mort Ln Asset Backed Notes Ser 2000 2), Indenture (Afc Mortgage Loan Asset Backed Notes Series 2000-1), Indenture (Superior Bank FSB Afc Mortgage Ln Asset Bk Notes Ser 1999-3)

Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 3 contracts

Samples: Indenture (Provident Bank), Indenture (Merrill Lynch Mortgage Investors Inc), Indenture (Indymac Abs Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateCollateral. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Book Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 3 contracts

Samples: Indenture (Lehman Abs Corp), Indenture (Merrill Lynch Mort Inv Fieldstone Mort Inv Tr Ser 2004-1), Indenture (Sasco Mortgage Loan Trust Series 2003-Gel1)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for all purposes, including, federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 3 contracts

Samples: Indenture (Household Consumer Loan Trust 1997-2), Indenture (Household Consumer Loan Trust 1997-2), Indenture (Household Consumer Loan Trust 1997-1)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estateindebtedness. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 2 contracts

Samples: Indenture (Auto Nations Receivables Corp), Indenture (Salomon Br Mor Sec Vii Inc Series 1998-11)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for United States federal, State state and local income income, excise, privilege and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the an applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 2 contracts

Samples: Indenture (Wells Fargo Financial Auto Owner Trust 2005-A), Indenture (Ace Sec Corp Wells Fargo Financial Auto Owner Trust 2004-A)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust EstateCollateral. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuer.

Appears in 2 contracts

Samples: Indenture (Daimler Benz Vehicle Receivables Corp), Indenture (Daimler Benz Vehicle Receivables Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 2 contracts

Samples: Indenture (Preferred Securitization Corp), Indenture (Firstplus Investment Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each NoteholderHolder of a Note, by its acceptance of a such Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry such Note), agree agrees to treat the Notes such Note for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 2 contracts

Samples: Indenture (Irwin Home Equity Loan Trust 2004-1), Indenture (Irwin Home Equity Loan Trust 2005-1)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, solely for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust EstateCollateral. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 2 contracts

Samples: Indenture (Vw Credit Leasing LTD), Indenture (Volkswagen Public Auto Loan Securitization LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry BookEntry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Residential Funding Mortgage Securities Ii Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Nal Financial Group Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Auto Nations Receivables Corp)

Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall will be issued, issued with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture Agreement (Asset Backed Securities Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateFund. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner Noteholder by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (First NLC Trust 2005-1)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business Indenture and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estateindebtedness. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree agrees to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Nissan Auto Lease Trust 2004-A)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for all purposes including federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for all purposes including federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.. 15

Appears in 1 contract

Samples: Indenture (Premier Auto Trust 1998 4)

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Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture Agreement (Asset Backed Securities Corp)

Tax Treatment. The Issuer has entered into this Indenture, ------------- and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Greenpoint Credit LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to Note Owner treat the Notes as indebtedness of the Issuer for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerpurposes.

Appears in 1 contract

Samples: Indenture (Carmax Auto Funding LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for all purposes including federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for all purposes including federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.. Indenture

Appears in 1 contract

Samples: Indenture (Daimlerchrysler Auto Trust 2005-A)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateProperty. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Onyx Acceptance Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for all purposes including federal, State state and local income and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for all purposes including federal, State state and local income and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness indebtedness. Each of the Issuer secured by and the Indenture Trust Estate. The IssuerTrustee, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Auto Nations Receivables Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estateindebtedness. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree agrees to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Nissan Auto Leasing LLC Ii)

Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes as indebtedness of the Issuer for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerpurposes.

Appears in 1 contract

Samples: Indenture (Pooled Auto Securities Shelf LLC)

Tax Treatment. The Issuer has entered xxxxxxx into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Residential Fund Mort Sec Home Loan-BCKD NTS Ser 2004-Hi1)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (WFS Financial 2005-3 Owner Trust)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for all purposes including federal, State state and local income income, single business and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for all purposes, including federal, State and local income and franchise tax purposes as indebtedness of the Issuer.,

Appears in 1 contract

Samples: Indenture (Deutsche Recreational Asset Funding Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estateindebtedness. The Issuer, by entering into 9 Indenture this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree agrees to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Nissan Auto Lease Trust 2003-A)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for United States federal, State state and local income income, excise, privilege and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Wells Fargo Auto Receivables Corp)

Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (SSB Vehicle Securities Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerunless otherwise required by a taxing authority.

Appears in 1 contract

Samples: Indenture (Bank One Auto Securitization Trust 2003-1)

Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall will be issued, with the intention that, for all purposes including federal, State state and local income and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for all purposes including federal, State state and local income and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Amsouth Auto Receivables LLC)

Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness indebtedness. Each of the Issuer secured by and the Indenture Trust Estate. The IssuerTrustee, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Owner by its acceptance of an interest in the applicable Book-Book- Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Auto Nations Receivables Corp)

Tax Treatment. The Issuer has entered into this Indenture, and -------------- the Notes shall will be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree agrees to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Thornburg Mortgage Asset Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable related Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Fleetwood Credit Receivables Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, solely for federal, State state and local income and income, franchise and/or value added tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust EstateCollateral. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income and income, franchise and/or value added tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Volkswagen Public Auto Loan Securitization LLC)

Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Book- Entry Note), agree to treat the Notes as indebtedness of the Issuer for federal, State state and local income and franchise tax purposes as indebtedness of the Issuerpurposes.

Appears in 1 contract

Samples: Indenture (Pooled Auto Securities Shelf LLC)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholderholder of a Note, by its acceptance of a Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 2001-2)

Tax Treatment. The Issuer has entered into this Indenture, and ------------- the Notes shall will be issued, with the intention that, for all purposes including federal, State state and local income and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for all purposes including federal, State state and local income and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (World Omni Auto Receivables LLC)

Tax Treatment. The Issuer has entered into this ------------- Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estateindebtedness. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a its Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Book- Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuerindebtedness.

Appears in 1 contract

Samples: Indenture (Lehman Abs Corp)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 1999-2)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income income, single business and franchise tax purposes, the Notes shall will qualify as indebtedness of the Issuer secured by the Indenture Trust EstateIssuer. The Issuer, by entering into this Indenture, and each Noteholderholder of a Note, by its acceptance of a such Note (and each Note Beneficial Owner by its acceptance of an interest in the applicable Book-Entry such Note), agree agrees to treat the Notes such Note for federal, State state and local income income, single business and franchise tax purposes as indebtedness of the Issuer.

Appears in 1 contract

Samples: Indenture (Bear Stearns Asset Backed Securities Inc)

Tax Treatment. The Issuer has entered into this Indenture, and the Notes shall be issued, with the intention that, for federal, State state and local income and franchise tax purposes, the Notes shall qualify as indebtedness of the Issuer secured by the Indenture Trust Estate. The Issuer, by entering into this Indenture, and each Noteholder, by its acceptance of a Note (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note), agree to treat the Notes for federal, State and local income and franchise tax purposes as indebtedness of the Issuer.to

Appears in 1 contract

Samples: Indenture (Wells Fargo Auto Receivables Corp)

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