Common use of Consent to Treatment for Tax Purposes Clause in Contracts

Consent to Treatment for Tax Purposes. Each Holder of a Normal Unit or a Stripped Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for federal, state and local income and franchise tax purposes of (i) the related Notes or the appropriate Treasury Consideration, in the case of the Normal Units, or (ii) the Treasury Securities, in the case of the Stripped Units. Each Holder of a Normal Unit, by its acceptance thereof, further covenants and agrees (i) to treat the Notes as indebtedness of the Company for federal, state and local income and franchise tax purposes and (ii) to allocate 100.00% of the issue price of a Normal Unit to the beneficial interest in the Note and 0.00% of the issue price to the Purchase Contract.

Appears in 1 contract

Samples: Purchase Contract Agreement (Unumprovident Corp)

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Consent to Treatment for Tax Purposes. Each Holder of a Normal Unit or a Stripped Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for federal, state and local income and franchise tax purposes of (i) the related Notes or the appropriate Treasury Consideration, in the case of the Normal Units, or (ii) the Treasury Securities, in the case of the Stripped Units. Each Holder of a Normal Unit, by its acceptance thereof, further covenants and agrees (i) to treat the Notes as indebtedness of the Company for federal, state and local income and franchise tax purposes and (ii) to allocate 100.00[__]% of the issue price of a Normal Unit to the beneficial interest in the Note and 0.00[__]% of the issue price to the Purchase Contract.

Appears in 1 contract

Samples: Purchase Contract Agreement (Union Planters Corp)

Consent to Treatment for Tax Purposes. Each Holder of a Normal Unit or a Stripped Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for federal, state and local income and franchise tax purposes of (i) the related Notes or the appropriate Treasury Consideration, in the case of the Normal Units, or (ii) the Treasury Securities, in the case of the Stripped Units. Each Holder of a Normal Unit, by its acceptance thereof, further covenants and agrees (i) to treat the Notes as indebtedness of the Company Household Finance for federal, state and local income and franchise tax purposes and (ii) to allocate 100.00% $23.55 of the issue price of a Normal Unit to the beneficial interest in the Note and 0.00% $1.45 of the issue price to the Purchase Contract.. 37

Appears in 1 contract

Samples: Purchase Contract Agreement (Household International Inc)

Consent to Treatment for Tax Purposes. Each Holder of a Normal Unit or a Stripped Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for federal, state and local income and franchise tax purposes of (i) the related Notes or the appropriate Treasury Consideration, in the case of the Normal Units, or (ii) the Treasury Securities, in the case of the Stripped Units. Each Holder of a Normal Unit, by its acceptance thereof, further covenants and agrees (i) to treat the Notes as indebtedness of the Company for federal, state and local income and franchise tax purposes and (ii) to allocate 100.00100% of the issue price of a Normal Unit to the beneficial interest in the Note and 0.00% of the issue price to the Purchase Contract.. Table of Contents ARTICLE V

Appears in 1 contract

Samples: Purchase Contract Agreement (Unumprovident Corp)

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Consent to Treatment for Tax Purposes. Each Holder of a Normal Unit or a Stripped Unit, by its acceptance thereof, covenants and agrees to treat itself as the owner, for federal, state and local income and franchise tax purposes of (i) the related Notes or the appropriate Treasury Consideration, in the case of the Normal Units, or (ii) the Treasury Securities, in the case of the Stripped Units. Each Holder of a Normal Unit, by its acceptance thereof, further covenants and agrees (i) to treat the Notes as indebtedness of the Company for federal, state and local income and franchise tax purposes and (ii) to allocate 100.00[ ]% of the issue price of a Normal Unit to the beneficial interest in the Note and 0.00[ ]% of the issue price to the Purchase Contract.

Appears in 1 contract

Samples: Purchase Contract Agreement (Unumprovident Corp)

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