Treatment for Tax Purposes. The Issuer shall treat the Notes as indebtedness of the Issuer and the Collateral as assets owned by the Issuer for purposes of all federal, state and local income taxes, unless and until otherwise required by an applicable taxing authority.
Appears in 7 contracts
Samples: Indenture (LEAF Equipment Finance Fund 4, L.P.), Indenture (Resource America, Inc.), Lockbox Intercreditor Agreement (Resource America, Inc.)
Treatment for Tax Purposes. The Issuer shall treat the Notes (other than any Notes held by a NewStar Party) as indebtedness of the Issuer and the Collateral as assets owned by the Issuer (or of any Person from whom the Issuer is disreguarded as separate) for purposes of all federal, state and local income taxes, unless and until otherwise required by an applicable taxing authority.
Appears in 1 contract
Samples: NewStar Financial, Inc.
