Common use of Agreed Tax Treatment Clause in Contracts

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes indebtedness.

Appears in 44 contracts

Samples: Gainsco Inc, Indenture (Bankamerica Corp/De/), Indenture (FCB/Sc Capital Trust I)

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Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 41 contracts

Samples: Asbc Capital Ii, Lincoln National Corp, Quanta Capital Holdings LTD

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtedness.

Appears in 25 contracts

Samples: Junior Subordinated Indenture (American Safety Insurance Group LTD), Indenture (Citizens Banking Corp), Gbci Capital Trust Ii

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness of the Company for United States Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 17 contracts

Samples: Junior Subordinated Indenture (Wci Communities Inc), Indenture (Flagstone Reinsurance Holdings LTD), Junior Subordinated Indenture (Thornburg Mortgage Inc)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Corporation and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes indebtedness.

Appears in 12 contracts

Samples: Indenture (Banponce Trust Ii), Indenture (Banponce Corp), Indenture (Bank of New York Co Inc)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended intend that such Security constitutes indebtednessindebtedness and agree to treat such Security as indebtedness for United States federal, local and state tax purposes.

Appears in 11 contracts

Samples: Indenture (First Tennessee National Corp), Declaration of Trust (First Security Capital V), Declaration of Trust (Provident Capital Trust Iii)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Corporation and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtedness.

Appears in 9 contracts

Samples: Indenture (Centura Banks Inc), Indenture (Riggs National Corp), Northern Trust Corp

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 9 contracts

Samples: Trust Agreement (Laclede Gas Co), Dominion Resources Inc /Va/, Indenture (Bear Stearns Capital Trust V)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Company, the Guarantor and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 6 contracts

Samples: Assured Guaranty (Assured Guaranty US Holdings Inc.), Assured Guaranty LTD, Ace LTD

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security intend and agree that to treat such Security as indebtedness of the Company for United States Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 6 contracts

Samples: Indenture (Amcomp Inc /Fl), Indenture (Amcomp Inc /Fl), Indenture (Amcomp Inc /Fl)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness of the Company for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 5 contracts

Samples: Indenture (Novastar Financial Inc), Indenture (Novastar Financial Inc), Indenture (RAIT Financial Trust)

Agreed Tax Treatment. (a) Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree, unless otherwise required by law, to treat such Security agree that as indebtedness of the Company for United States Federal, state and local and foreign tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 5 contracts

Samples: Arbor Realty Trust Inc, Arbor Realty Trust Inc, Arbor Realty Trust Inc

Agreed Tax Treatment. (a) Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness of the Company for United States Federal, state state, local and local foreign tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 5 contracts

Samples: Indenture (Anthracite Capital Inc), Indenture (Anthracite Capital Inc), Newcastle Investment Corp

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the each Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness of the Company for United States Federal, state and local and foreign tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 4 contracts

Samples: Junior Subordinated Indenture (Capital Trust Inc), Junior Subordinated Indenture (Capital Trust Inc), Junior Subordinated Indenture (Capital Trust Inc)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 4 contracts

Samples: Xcel Energy Inc, Indenture (Allstate Corp), Nevada Power Co

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that to treat for United States FederalU.S. federal, state and local tax purposes it is intended that such Security constitutes indebtednessas indebtedness of the Company and to treat for U.S. federal income tax purposes stated interest on the Security as ordinary interest income that is includible in gross income to such Holder or other Person at the time the interest is paid or accrued in accordance with its regular method of tax accounting.

Appears in 4 contracts

Samples: Indenture (Evans Capital Trust III), Indenture (Privatebancorp Capital Trust Iv), Indenture (Privatebancorp Capital Trust Iv)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security intend that such Security constitute indebtedness and agree that to treat such Security as indebtedness for all United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes.

Appears in 3 contracts

Samples: Indenture (Bancorpsouth Inc), Usb Holding Co Inc, Usb Holding Co Inc

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, and by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 3 contracts

Samples: Junior Subordinated Indenture (Partnerre LTD), Indenture (Partnerre LTD), Partnerre LTD

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state State and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 2 contracts

Samples: American General Corp /Tx/, American General Capital Iv

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security security or a beneficial interest therein, the Holder holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States FederalU.S. federal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 2 contracts

Samples: Indenture (Aon PLC), Indenture

Agreed Tax Treatment. (a) Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness of the Company for United States Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 2 contracts

Samples: Indenture (Impac Mortgage Holdings Inc), Indenture (Impac Mortgage Holdings Inc)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes indebtednessindebtedness of the Company for United States Federal, state and local tax purposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 2 contracts

Samples: Junior Subordinated Indenture (Delphi Financial Group Inc/De), Junior Subordinated Indenture (Delphi Financial Group Inc/De)

Agreed Tax Treatment. Each Security issued hereunder shall provide that each of the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended intends that such Security constitutes indebtednessindebtedness and agrees to treat such Security as indebtedness for United States federal, local and state tax purposes.

Appears in 2 contracts

Samples: Guarantee Agreement (Comerica Capital Trust Ii), Comerica Inc /New/

Agreed Tax Treatment. Each Security issued hereunder shall -------------------- provide that the Company and, by its acceptance of a Security security or a beneficial interest therein, the Holder holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 2 contracts

Samples: Indenture (DPL Inc), Indenture (DPL Inc)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that purposes, each of the aforementioned parties shall treat such Security constitutes as indebtedness.

Appears in 2 contracts

Samples: Silicon Valley Bancshares, Silicon Valley Bancshares

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Corporation and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state State and local tax purposes it is intended that such Security constitutes indebtedness.

Appears in 2 contracts

Samples: Popular North America Capital Trust Iii, Popular North America Capital Trust I

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security security or a beneficial interest therein, the Holder holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 2 contracts

Samples: Indenture (Aon Corp), Aon Corp

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Corporation and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtedness.. 150

Appears in 1 contract

Samples: Sce&g Trust I

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Company, the Guarantor and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security intend that such Security constitute indebtedness and agree that to treat such Security as indebtedness for all United States Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes.

Appears in 1 contract

Samples: Kingsway Financial Services Inc

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the each Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness for United States Federal, state and local tax purposes, and agree to report as such for all such tax purposes it is intended that such Security constitutes indebtednessand financial reporting purposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 1 contract

Samples: Indenture (Deerfield Capital Corp.)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtednessconstitute indebtedness and agree to treat such security accordingly for such purposes.

Appears in 1 contract

Samples: Midamerican Energy Financing Ii

Agreed Tax Treatment. (a) Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness of the Company for United States Federal, state and local and foreign tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 1 contract

Samples: JER Investors Trust Inc

Agreed Tax Treatment. (i) Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness of the Company for United States U.S. Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 1 contract

Samples: BRT Realty Trust

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Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, Issuer and by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 1 contract

Samples: Indenture (Scottish Annuity & Life Holdings LTD)

Agreed Tax Treatment. Each Security issued hereunder shall provide that each of the Company Corporation and, by its acceptance of a Security or a beneficial interest therein, the Holder holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended intends that such Security constitutes indebtednessindebtedness and agrees to treat such Security as indebtedness for United States federal, local and state tax purposes.

Appears in 1 contract

Samples: Indenture (Valley National Bancorp)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and the Guarantor and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 1 contract

Samples: FPC Capital Ii

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Group and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federal, state and local tax purposes it is intended intend that such Security constitutes indebtednessindebtedness and agree to treat such Security as indebtedness for United States federal, local and state tax purposes.

Appears in 1 contract

Samples: Subordinated Indenture (Delphi Financial Group Inc/De)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Success Bancshares and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtedness.

Appears in 1 contract

Samples: Success Bancshares Inc

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that to treat such Security as indebtedness for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes.

Appears in 1 contract

Samples: Purchase Agreement (Zenith National Insurance Corp)

Agreed Tax Treatment. Each Security issued hereunder -------------------- shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 1 contract

Samples: Nationwide Financial Services Capital Trust

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Company, the Guarantor, and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security intend that such Security constitute indebtedness and agree that to treat such Security as indebtedness for all United States Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes.

Appears in 1 contract

Samples: Kingsway Financial Services Inc

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security intend that such Security constitute indebtedness and agree that to treat such Security as indebtedness for all United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtedness.purposes. 59 50

Appears in 1 contract

Samples: Execution Copy (Bancorp Hawaii Capital Trust I)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security security or a beneficial interest therein, the Holder holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.. ARTICLE THREE

Appears in 1 contract

Samples: Wells Fargo Capital Iii

Agreed Tax Treatment. Each Security issued hereunder ------------- -------------------- shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 1 contract

Samples: Chittenden Capital Trust I

Agreed Tax Treatment. Each Security issued hereunder --------------------- shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security intend that such Security constitutes indebtedness and agree that to treat such Security as indebtedness for United States Federal, local and state and local tax purposes it is intended that such Security constitutes indebtednesspurposes.

Appears in 1 contract

Samples: National Commerce Financial Corp

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security intend that such Security constitute indebtedness and agree that to treat such Security as indebtedness for all United States Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes. SECTION 3.15.

Appears in 1 contract

Samples: Republic New York Capital Iv

Agreed Tax Treatment. 33 39 Each Security issued hereunder shall provide that the Company Corporation and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtedness.

Appears in 1 contract

Samples: Subordinated Indenture (Sea Pines Associates Inc)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security intend that such Security constitute indebtedness and agree that to treat such Security as indebtedness for all United States Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes.

Appears in 1 contract

Samples: North Fork Capital Trust I

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for German and United States Federal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 1 contract

Samples: Fresenius National Medical Care Holdings Inc

Agreed Tax Treatment. Each It is intended that each Security issued hereunder shall constitute indebtedness of the Corporation and, consequently, each such Security provide that the Company Corporation and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that to treat such Security as indebtedness of the Corporation for all United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes.

Appears in 1 contract

Samples: First Hawaiian Capital I

Agreed Tax Treatment. (a) Each Security issued hereunder shall provide that the Company and, by its acceptance or acquisition of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a direct or indirect beneficial interest in, such Security, intend and agree to treat such Security agree that as indebtedness of the Company for United States U.S. Federal, state and local tax purposes it is intended that such Security constitutes indebtednesspurposes. The provisions of this Indenture shall be interpreted to further this intention and agreement of the parties.

Appears in 1 contract

Samples: Supplemental Indenture (BRT Realty Trust)

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtednessconstitute indebtedness and agree to treat such Security accordingly for such purposes.

Appears in 1 contract

Samples: Midamerican Energy Financing Ii

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Company, the Issuer Trust and, by its acceptance of a Security or a beneficial interest therein, the Holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes indebtednessa beneficial interest in the indebtedness of the Company.

Appears in 1 contract

Samples: BSB Capital Trust I

Agreed Tax Treatment. Each Security issued hereunder shall provide that the Company Corporation and, by its acceptance of a Security or a beneficial interest therein, the Holder holder of, and any Person that acquires a beneficial interest in, such Security agree that for United States Federalfederal, state and local tax purposes it is intended that such Security constitutes constitute indebtedness.

Appears in 1 contract

Samples: Sce Trust I

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