Treatment of Notes as Debt for Tax Purposes. The Issuer shall, and shall cause the Trust Administrator and the Master Servicer to, treat the Notes as indebtedness for all federal, state and local income, single business, and franchise tax purposes.
Appears in 11 contracts
Samples: Indenture (Fieldstone Mortgage Investment CORP), Indenture (NYMT Securities CORP), Indenture (Fieldstone Mortgage Investment Trust, Series 2004-3)
Treatment of Notes as Debt for Tax Purposes. The Issuer shall, and shall cause the Trust Administrator and the Master Servicer to, treat the Notes as indebtedness for all federal, state and local incomelocal, single business, business and franchise tax purposes (except that any Retained Note shall not be treated as outstanding indebtedness for such purposes).
Appears in 8 contracts
Samples: Indenture (Sast 2006-3), Saxon Asset Securities Trust 2005-1, Saxon Asset Securities Co
Treatment of Notes as Debt for Tax Purposes. The Issuer shall, and shall cause the Trust Administrator and the Master Servicer to, treat the Notes as indebtedness for all federal, state and local income, single business, and franchise tax purposes.
Appears in 5 contracts
Samples: Indenture (Sasco Mortgage Loan Trust Series 2004-Gel2), Indenture (Sasco Mortgage Loan Trust Series 2003-Gel1), Indenture (SASCO Mortgage Loan Trust 2004-Gel3)
Treatment of Notes as Debt for Tax Purposes. The Issuer shall, and shall cause the Trust Administrator and the Master Servicer to, treat the Notes as indebtedness for all federal, state and local income, single business, and franchise tax purposes.
Appears in 2 contracts
Samples: Indymac Abs Inc, Indenture (Indymac MBS Inc)
Treatment of Notes as Debt for Tax Purposes. The Issuer shall, and shall cause the Trust Administrator Indenture Trustee and the Master Servicer to, shall treat the Notes as indebtedness for all federal, state and local income, single business, business and franchise tax purposespurposes and treat the Collateral as securing such indebtedness.
Appears in 1 contract
Treatment of Notes as Debt for Tax Purposes. The Issuer shall, and shall cause the Trust Administrator and the Master Servicer to, treat the Notes as indebtedness for all federal, state and local income, single business, and franchise tax purposes (other than any Retained Notes that are not treated as issued and outstanding indebtedness for federal income tax purposes) unless otherwise required by applicable law.
Appears in 1 contract
Samples: Fieldstone Mortgage Investment CORP
Treatment of Notes as Debt for Tax Purposes. The Issuer shall, and shall cause the Trust Administrator and the Master Servicer to, treat the Notes as indebtedness for all federal, state and local incometax purposes (except that any Note held by a person that, single business, and franchise for federal income tax purposes, owns or is treated as owning a 100% Percentage Interest of the Trust Certificate shall not be treated as outstanding indebtedness for such purposes).
Appears in 1 contract
Samples: Sale and Servicing Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6)
Treatment of Notes as Debt for Tax Purposes. The Issuer shall, and shall cause the Trust Administrator and the Master Servicer to, treat the Notes as indebtedness for all federal, state and local incometax purposes (except that any Note held by a person that, single business, and franchise for federal income tax purposes, owns or is treated as owning a 100% Percentage Interest of the Trust Certificate shall not be treated as outstanding indebtedness).
Appears in 1 contract
Samples: Indenture (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4)
