Common use of Income Tax Treatment Clause in Contracts

Income Tax Treatment. The Administrator agrees that for all United States Federal, state and local income and franchise tax purposes (i) to treat the Notes as indebtedness of Allstate Life, (ii) Global Funding and the Trust will be ignored and will not be treated as an association or a publicly traded partnership taxable as a corporation and (iii) to not take any action inconsistent with the treatment described in (i) and (ii) unless otherwise required by law.

Income Tax Treatment. The Administrator agrees that for all United States Federal, state and local income and franchise tax purposes purposes: (i) to treat the Notes will be treated as indebtedness of Allstate Life, ; and (ii) Global Funding and the Trust will be ignored and will not be treated as an association or a publicly traded partnership taxable as a corporation and (iii) to corporation. The Administrator will not take any action inconsistent with the treatment described in (i) and (ii) the immediately preceding sentence unless otherwise required by applicable law.

Income Tax Treatment. The Administrator agrees that for all United States Federal, state and local income and franchise tax purposes purposes: (ia) to treat the Notes are intended to be treated as indebtedness of Allstate Life, ; and (iib) it is intended that Global Funding and the each Trust will be ignored and will not be treated as an association or a publicly traded partnership taxable as a corporation and (iii) corporation. The Administrator agrees to not take any action inconsistent with the treatment described in clauses (ia) and (iib) of the immediately preceding sentence unless otherwise required by law.