United States Federal Income Tax Reporting Sample Clauses

United States Federal Income Tax Reporting. (a) If the Class K Notes (or any other Notes) are deemed equity for U.S. federal income tax purposes, the Collateral Manager shall provide to the Trustee, for further delivery to the Holders of the Class K Notes (or any other Notes deemed equity for U.S. federal income tax purposes), information as the Collateral Manager may possess necessary for a Holder of Class K Notes (or any other Notes deemed equity for U.S. federal income tax purposes) to make an election to treat the Issuer as a Qualified Electing Fund under Section 1295 of the Code, and for such Holder to file returns consistent with such election. The Issuer shall provide the Trustee with such information as is required for the Trustee to perform its obligations under this Section 10.13.
Sample 1
AutoNDA by SimpleDocs
United States Federal Income Tax Reporting. (a) If the Class J Notes or the Class K Notes (or any other Notes) are deemed equity for U.S. federal income tax purposes, the Collateral Manager shall provide to the Trustee, for further delivery to the Holders of the Class J Notes or the Class K Notes, as the case maybe (or any other Notes deemed equity for U.S. federal income tax purposes), information as the Collateral Manager may possess necessary for a Holder of Class J Notes or the Class K Notes, as the case may be (or any other Notes deemed equity for U.S. federal income tax purposes) to make an election to treat the Issuer as a Qualified Electing Fund under Section 1295 of the Code, and for such Holder to file returns consistent with such election. The Issuer shall provide the Trustee with such information as is required for the Trustee to perform its obligations under this Section 10.13.
Sample 1
United States Federal Income Tax Reporting. The parties hereto acknowledge that this Note is subject to regulations governing contingent payment debt instruments set forth in Treasury Regulation section 1.1275-4 (the "Contingent Debt Regulations") and agree to be bound by the L/C Provider's application of the Contingent Debt Regulations.
Sample 1
United States Federal Income Tax Reporting. (a) If the Class D Notes (or any other Notes) are deemed equity for U.S. federal income tax purposes, the Trustee shall provide information as it may possess necessary for a Holder of D Notes (or any other Notes deemed equity for U.S. federal income tax purposes) to make an election to treat the Issuer as a Qualified Electing Fund under Section 1295 of the Code, and for such Holder to file returns consistent with such election. The Issuer shall provide the Trustee with such information as is required for the Trustee to perform its obligations under this Section 10.13.
Sample 1
United States Federal Income Tax Reporting. (a) If the Class J Notes, the Class K Notes and/or the Class L Notes (or any other Notes) are deemed equity for U.S. federal income tax purposes, the Collateral Manager shall provide to the Trustee, for further delivery to the Holders of the Class J Notes, the Class K Notes and/or the Class L Notes (or any other Notes deemed equity for U.S. federal income tax purposes), information as the Collateral Manager may possess necessary for a Holder of Class J Notes, the Class K Notes and/or the Class L Notes (or any other Notes deemed equity for U.S. federal income tax purposes) to make an election to treat the Issuer as a Qualified Electing Fund under Section 1295 of the Code, and for such Holder to file returns consistent with such election. The Issuer shall provide the Trustee with such information as is required for the Trustee to perform its obligations under this Section 10.18.
Sample 1

Related to United States Federal Income Tax Reporting

  • Federal Income Tax Matters The Certificateholders acknowledge that it is their intent and that they understand it is the intent of the Depositor and the Servicer that, for purposes of federal income, State and local income and franchise tax and any other income taxes, the Trust will be treated either as a disregarded entity under Treasury Regulation Section 301.7701-3 or as a partnership, and that the Certificateholders will be treated as partners in that partnership. The Certificateholders by acceptance of a Certificate agree to such treatment and agree to take no action inconsistent with such treatment. For each calendar quarter, other than periods in which there is only one Certificateholder:

  • Federal Income Tax Withholding The Bank may withhold all federal and state income or other taxes from any benefit payable under this Agreement as shall be required pursuant to any law or governmental regulation or ruling.

  • Federal Income Taxes For a brief description of the tax effects of an investment in the notes, see “U.S. Federal Income Tax Considerations” on page S-12 of the attached prospectus supplement and page 61 of the attached prospectus.

  • Federal Income Tax Allocations Net income of the Trust for any month as determined for federal income tax purposes (and each item of income, gain, loss and deduction entering into the computation thereof) during which the beneficial ownership interests in the Trust are held by more than one Person shall be allocated:

  • Federal Income Tax Treatment It is the intention of the Trust Depositor that the Trust be disregarded as a separate entity for federal income tax purposes pursuant to Treasury Regulations Section 301.7701-3(b)(1)(ii) as in effect for periods after January 1, 1997. The Equity Certificate constitutes the sole equity interest in the Trust and must at all times be held by either the Trust Depositor or its transferee as sole Owner. The Trust Depositor agrees not to take any action inconsistent with such intended federal income tax treatment. Because for federal income tax purposes the Trust will be disregarded as a separate entity, Trust items of income, gain, loss and deduction for any month as determined for federal income tax purposes shall be allocated entirely to the Owner; provided, that this sentence shall not limit or otherwise affect the provisions of the Transaction Documents pertaining to distributions of Trust Assets or proceeds thereof to Persons other than the Trust Depositor.

  • Federal Income Tax Elections The Member shall make all elections for federal income tax purposes.

  • Federal Income Tax Treatment of the Trust (a) For so long as the Trust has a single owner for federal income tax purposes, it will, pursuant to Treasury Regulations promulgated under section 7701 of the Code, be disregarded as an entity distinct from the Certificateholder for all federal income tax purposes. Accordingly, for federal income tax purposes, the Certificateholder will be treated as (i) owning all assets owned by the Trust and (ii) having incurred all liabilities incurred by the Trust, and all transactions between the Trust and the Certificateholder will be disregarded.

  • Foreign Asset/Account, Exchange Control and Tax Reporting The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of shares of Common Stock or cash (including dividends and the proceeds arising from the sale of shares of Common Stock) derived from his or her participation in the Plan, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of the Participant’s country may require that he or she report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such country. The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult his or her personal legal advisor on this matter.

  • Consistent Tax Reporting The Members acknowledge and are aware of the income tax consequences of the allocations made by this Article 6 and hereby agree to be bound by the provisions of this Article 6 in reporting their shares of Net Income, Net Loss and other items of income, gain, loss, deduction and credit for federal, state and local income tax purposes.

  • Foreign Account Tax Compliance Act (FATCA) The Issuer agrees (i) upon the request of the Trustee, to provide the Trustee with such reasonable information as it has in its possession to enable the Trustee to determine whether any payments pursuant to this Indenture are subject to the withholding requirements described in Section 1471(b) of the Code or otherwise imposed pursuant to Sections 1471 through 1474 of the Code and any regulations, or agreements thereunder or official interpretations thereof (“Applicable Law”), and (ii) that the Trustee shall be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to comply with Applicable Law, for which the Trustee shall not have any liability.

Time is Money Join Law Insider Premium to draft better contracts faster.