Tax Treatment of the Notes. Each of the Depositor and the Servicer agree to treat the Notes as indebtedness for U.S. federal income, State and local income and franchise tax purposes.
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Samples: Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-B), Sale and Servicing Agreement (Ford Credit Auto Owner Trust 2015-A)
Tax Treatment of the Notes. Each of (c) The Trust, the Depositor Certificateholder, the Note Trustee and the Servicer each Holder agree to treat the Notes as indebtedness for all U.S. federal incomefederal, State state and local income and franchise tax purposes.
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