Federal Income Tax Consequences. ERISA CONSIDERATIONS", "LEGAL INVESTMENT MATTERS" and "UNDERWRITING", as to which the Transferor makes no statement) does not contain an untrue statement of a material fact and does not omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading;
Federal Income Tax Consequences. (iv) "ERISA CONSIDERATIONS"; (v) "LEGAL INVESTMENT MATTERS"; and (vi) "UNDERWRITING".
Federal Income Tax Consequences contains a discussion of the most significant federal income tax issues pertinent to the Partnership. It also contains a description of Sxxxxxx X. Xxxx & Associates, counsel to the Partnership, legal opinion as to federal income tax issues which are expected to be of relevance to U.S. taxpayers who are individuals. Other tax issues of relevance to other taxpayers should be reviewed carefully by such investors to determine special tax consequences of an investment prior to their subscription.
Examples of Federal Income Tax Consequences in a sentence
See Certain Federal Income Tax Consequences in this Supplement and the OÅering Circular.
See Certain Federal Income Tax Consequences in this Supplement and the Offering Circular.
Based on the foregoing, as of the date hereof, we adopt and confirm the statements under the captions "Federal Income Tax Consequences" and "State Tax Consequences" as our opinion of the material tax consequences of the Offering, to the extent such statements constitute legal conclusions.
Such opinion may be further qualified as expressing no opinion as to (x) the statements in the related Prospectus under the heading "Certain Legal Aspects of the Mortgage Loans" except insofar as such statements relate to the laws of the State of New York and the laws of the United States, and (y) the statements in such Prospectus under the headings "ERISA Considerations" and "Material Federal Income Tax Consequences" except insofar as such statements relate to the laws of the United States.
See Section 8, "Federal Income Tax Consequences of the Offer," below.Higher Expense Ratio and Less Investment Flexibility.
More Definitions of Federal Income Tax Consequences
Federal Income Tax Consequences and "ERISA CONSIDERATIONS" as they relate to the matters referenced therein have been reviewed by the Law Offices of Sxxxxxx X. Xxxx & Associates, and are included herein in reliance upon the authority of that firm as experts thereon.
Federal Income Tax Consequences and "State Tax Considerations" and the statements in the Prospectus Supplement under the captions "The Trust," "Description of the Offered Certificates," "ERISA Considerations" and "Federal Income Tax Consequences," insofar as such statements constitute a summary of the documents referred to therein, fairly summarize such documents and present the information called for by the Act and the rules and regulations promulgated under the Act.
Federal Income Tax Consequences and "ERISA Considerations" to the extent such statements relate to the Notes and purport to summarize matters of federal law or legal conclusions with respect thereto have been reviewed by such counsel and are correct in all material respects.
Federal Income Tax Consequences and "Legal Investment", and in the Confidential Offering Circular under the headings "Certain ERISA Considerations", "Certain Federal Income Tax Consequences" and "Legal Investment", to the extent that they purport to describe certain matters of federal law or legal conclusions with respect thereto, while not discussing all possible consequences of an investment in the Certificates to all investors, provide in all material respects an accurate summary of such matters and conclusions set forth under such headings.
Federal Income Tax Consequences. ERISA CONSIDERATIONS", "LEGAL INVESTMENT CONSIDERATIONS" and "PLAN OF OFFERING", as to which the Transferor makes no statement) does not contain an untrue statement of a material fact and does not omit to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. It is understood and agreed that the representations and warranties set forth in this Section 3.02 shall survive delivery of the respective Grantor Trustee's Home Loan Files to the applicable Custodian (as the agent of the Grantor Trustee) and shall inure to the benefit of the Securityholders, the Depositor, the Servicer, the Indenture Trustee, the Owner Trustee, the Grantor Trustee, the Grantor Trust and the Owner Trust. Upon discovery by any of the Transferor, the Depositor, the Servicer, the Indenture Trustee, the Grantor Trustee or the Owner Trustee of a breach of any of the foregoing representations and warranties that materially and adversely affects the value of any Home Loan or the interests of the Grantor Trust Holder therein, the party discovering such breach shall give prompt written notice (but in no event later than two Business Days following such discovery) to the other parties. The obligations of the Transferor set forth in Section 3.05 hereof shall constitute the sole remedies available hereunder to the Securityholders, the Depositor, the Servicer, the Indenture Trustee, the Grantor Trustee or the Owner Trustee respecting a breach of the representations and warranties contained in this Section 3.02.
Federal Income Tax Consequences. (to the extent relating to Michigan tax consequences) accurately describe the material Michigan tax consequences to holders of the Securities.
Federal Income Tax Consequences for a more complete discussion of the U.S. federal income tax consequences of the Mergers to the SilverBow stockholders. The tax consequences of the Mergers to a SilverBow stockholder may be complex and will depend on such stockholders’ specific situation and factors not within Crescent’s or SilverBow’s control. All SilverBow stockholders should consult their tax advisors as to the specific consequences of the Mergers to them in the particular circumstances, including the applicability and effect of the alternative minimum tax and any U.S. federal, state or local or non-U.S. tax laws and of potential changes in such laws. Comparison of Rights of Stockholders of Crescent and SilverBow (page 235)