Common use of TAXES AND FEDERAL EXCISE TAX Clause in Contracts

TAXES AND FEDERAL EXCISE TAX. A. Taxes - In consideration of the terms under which this Agreement is issued, the Company undertakes not to claim any deduction of the Premium hereon when making Canadian tax returns or when making tax returns other than Income or Profits Tax returns, to any State or Territory of the United States of America or to the District of Columbia.