TREATMENT OF DEBENTURES AS DEBT. It is intended that the Debentures shall be treated as indebtedness and not as equity for federal income tax purposes. The provisions of this Indenture shall be interpreted to further this intention.
Appears in 96 contracts
Samples: Indenture (Capitol Trust Xv), First Financial (First Financial Capital Trust II), Great Southern (Great Southern Capital Trust IV)
TREATMENT OF DEBENTURES AS DEBT. It is intended that The Company will treat the Debentures shall be treated as indebtedness and not as equity for federal income tax purposes. The provisions of this Indenture shall be interpreted to further this intentiontreatment.
Appears in 4 contracts
Samples: Indenture (San Rafael Bancorp), Indenture (United Bancorporation of Alabama Inc), Indenture (Investorsbancorp Inc)
TREATMENT OF DEBENTURES AS DEBT. It is intended that the Debentures shall will be treated as indebtedness and not as equity for federal income tax purposes. The provisions of this Indenture shall be interpreted to further this intention.
Appears in 2 contracts
Samples: Ncbe Capital Trust I, Pikeville National Corp
TREATMENT OF DEBENTURES AS DEBT. It is intended that the Debentures shall be treated as indebtedness and not as equity for federal income tax purposes. The provisions of this Indenture shall be interpreted to further this intention. The Company (with respect to its separate books and records), the Trustee, and, by acceptance of a Debenture, each holder of a Debenture, agree to treat the Debentures as indebtedness of the Company and not as equity for all tax (including without limitation federal income tax) and financial accounting purposes.
Appears in 1 contract
Samples: First Preferred Capital Trust Ii
