Noteholder Characterization Sample Clauses

Noteholder Characterization. The Noteholders (and each Note Owner by its acceptance of an interest in the applicable Book-Entry Note) and each Transferee acknowledge and agree to treat the Class A Notes and the Class B Notes as debt of the Transferor and the Transferor as the owner of the Receivables for tax purposes. The Seller, the Transferor, the Indenture Trustee, and each Noteholder hereby agrees to file all tax returns and associated forms and reports in a manner consistent with the characterization of the Class A Notes and the Class B Notes as debt of the Seller.