Common use of Tax Treatment Clause in Contracts

Tax Treatment. Principal Life and the Agreement Holder agree that this Agreement shall be disregarded for U.S. Federal income tax purposes. Principal Life and the Agreement Holder further agree that if this Agreement is not so disregarded, it will and is intended to be treated as a debt obligation of Principal Life issued in registered form within the meaning of Treasury Regulations Section 1.871-14(c)(1)(i), except to the extent provided in Treasury Regulations Section 1.163-5T (or any subsequent similar regulation).

Appears in 334 contracts

Samples: Funding Agreement (Principal Life Insurance Co), Funding Agreement (Principal Life Insurance Co), Funding Agreement (Principal Life Insurance Co)

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Tax Treatment. Principal Life and the Agreement Holder agree that this Agreement shall be disregarded for U.S. Federal income tax purposes. Principal Life and the Agreement Holder further agree that if this Agreement is not so disregarded, it will and is intended to be treated as a debt obligation of Principal Life issued in registered form within the meaning of Treasury Regulations Treasury Section 1.8711. 871-14(c)(1)(i), except to the extent provided in Treasury Regulations Section 1.163-5T (or any subsequent similar regulation).

Appears in 1 contract

Samples: Global Funding Agreement (Principal Life Insurance Co)

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