Common use of Federal Tax Matters Clause in Contracts

Federal Tax Matters. Subscriber and SPC agree that (i) the purchase and sale of the services described in this Agreement (the “Services”) shall be treated as a service contract pursuant to Internal Revenue Code Section 7701(e) and (ii) the transactions contemplated by this Agreement shall not grant Subscriber with any right, title, interest, benefit, burden, or option that would result in this Agreement being treated as other than a service contract under Internal Revenue Code Section 7701(e).

Appears in 2 contracts

Samples: Subscriber Agreement, Subscriber Agreement

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Federal Tax Matters. Subscriber and SPC Provider agree that (i) the purchase and sale of the services described in this Agreement (the “Services”) shall be treated as a service contract pursuant to Internal Revenue Code Section 7701(e) and (ii) the transactions contemplated by this Agreement shall not grant Subscriber with any right, title, interest, benefit, burden, or option that would result in this Agreement being treated as other than a service contract under Internal Revenue Code Section 7701(e).

Appears in 2 contracts

Samples: Subscriber Agreement, Subscriber Agreement

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