Common use of Intended Classification Clause in Contracts

Intended Classification. It is intended that the Trust Fund be classified for federal income tax purposes as an `investment trust' within the meaning of Treasury Regulation 301.7701-4(c), and notwithstanding anything to the contrary herein, the provisions of this Agreement shall be applied and interpreted in a manner consistent with such intention, including, without limitation, so as to circumscribe any right to exercise discretion granted to Xxxxxx Mac herein as to matters relating to the Qualified Loans." * * * * * * * * * * *

Intended Classification. It is intended that the Trust Fund be classified for federal income tax purposes as an `investment trust' classified as a trust within the meaning of Treasury Regulation 301.7701-4(c)) and, and notwithstanding anything to the contrary herein, the provisions of this Agreement shall be applied and interpreted in a manner consistent with such intention, including, without limitation, so as to circumscribe any right to exercise discretion granted to Xxxxxx Mac herein as to matters relating to the Qualified Loans." * * * * * * * * * * *

Intended Classification. It is intended that the Trust Fund be classified for federal income tax purposes as an `investment trust' classified as a trust within the meaning of Treasury Regulation 301.7701-4(c)) and, and notwithstanding anything to the contrary herein, the provisions of this Agreement shall be applied and interpreted in a manner consistent with such intention, including, without limitation, so as to circumscribe any right to exercise discretion granted to Xxxxxx Farmer Mac herein as to matters relating to the Qualified LoansQualifixx Xxxns." * * * * * * * * * * *

Intended Classification. It is intended that the Trust Fund be classified for federal income tax purposes as an `investment trust' classified as a trust within the meaning of Treasury Regulation 301.7701-4(c)) and, and notwithstanding anything to the contrary herein, the provisions of this Agreement shall be applied and interpreted in a manner consistent with such intention, including, without limitation, so as to circumscribe any right to exercise discretion granted to Xxxxxx Mac or FMMSC herein as to matters relating to the Qualified LoansGuaranteed Portions." * * * * * * * * * * *

Intended Classification. It is intended that the Trust Fund be classified for federal income tax purposes as an `investment trust' within the meaning of Treasury Regulation 301.7701-4(c), and notwithstanding anything to the contrary herein, the provisions of this Agreement shall be applied and interpreted in a manner consistent with such intention, including, without limitation, so as to circumscribe any right to exercise discretion granted to Xxxxxx Mac herein as to matters relating to the Qualified Loans." * * * * * * * * * * *"