Intended Characterization definition

Intended Characterization means, for income tax purposes, the characterization of the acquisition by the Purchasers of Purchaser Interests under the Purchase Agreement as a loan or loans by the Purchasers to Buyer secured by the Receivables, the Related Security and the Collections.

Intended Characterization means, for income tax purposes, the characterization of the acquisition by the Purchasers of Purchaser Interests under the Purchase Agreement as a loan or loans by the Purchasers to the Seller secured by the Receivables, the Related Security and the Collections.

Intended Characterization means the characterization for income tax purposes described in Section 13.14(e) of the Purchase Agreement.

Examples of Intended Characterization in a sentence

• Each party hereby agrees that it will report such transactions for the purposes of all taxes, and otherwise will act for the purposes of all taxes, in a manner consistent with the Intended Characterization.

• The parties hereby agree to report such transactions for the purposes of all Taxes, and otherwise to act for the purposes of all Taxes, in a manner consistent with the Intended Characterization.

• Each party hereby agrees that will report such transactions for the purposes of all taxes, and otherwise will act for the purposes of all taxes, in a manner consistent with the Intended Characterization.

• It is the intention of the parties hereto that for the purposes of all taxes, the transactions contemplated hereby shall be treated as a loan by the Buyer to the Seller secured by the Receivables (the "Intended Characterization").

• Each of the Seller, the Servicer, the Program Agent, the Managing Agents and the Purchasers, by entering into this Agreement, agrees to report such transactions in a manner consistent with the Intended Characterization.

More Definitions of Intended Characterization

Intended Characterization has the meaning specified in Section 8.2 of this Agreement.

Intended Characterization shall have the meaning ascribed to such term in Section 9.2(c).

Intended Characterization means that, for all applicable state, local and federal income tax purposes, RFC's acquisition of RFC Loans shall be treated as the acquisition by RFC of a debt instrument. This indemnity is in addition to any obligations of the Company set forth in subsection 9.5. The agreements contained in this subsection and the parties' respective obligations hereunder shall survive the termination of this Agreement.

Intended Characterization shall have the meaning specified in Section 3.07.

Intended Characterization means, with respect to any Series or Class of any Series, the intended tax and usury characterization of the Certificates of such Series or Class as shall be set forth in the related Supplement.

Intended Characterization has the meaning set forth in Section 9.6.

Intended Characterization shall have the meaning, with respect to the Class A Certificates and the Class B Certificates, as is set forth in Section 10.07.