Common use of Notes to be Treated as Debt for Tax Clause in Contracts

Notes to be Treated as Debt for Tax. It is the intent of the parties hereto that, for purposes of federal, state and local income and franchise tax and any other tax measured in whole or in part by income, the Class A Notes, the Class B Notes and the Class C Notes shall be treated as debt and a person purchasing such Notes agrees to treat such Notes as debt for such purposes.

Appears in 34 contracts

Samples: Master Note Trust Series 2012 6 (GE Capital Credit Card Master Note Trust), GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

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Notes to be Treated as Debt for Tax. It is the intent of the parties hereto that, for purposes of federalFederal, state State and local income and franchise tax and any other tax measured in whole or in part by income, the Class A Notes, the Class B Notes and the Class C Notes shall be treated as debt and a person purchasing such Notes agrees to treat such Notes as debt for such purposesdebt.

Appears in 13 contracts

Samples: Ge Dealer (CDF Funding, Inc.), Ge Dealer (CDF Funding, Inc.), Dealer Floorplan Master Note (CDF Funding, Inc.)

Notes to be Treated as Debt for Tax. It is the intent of the parties hereto that, for purposes of federal, state and local income and franchise tax and any other tax measured in whole or in part by income, to treat the Class A Notes, the Class B Notes and the Class C Notes shall as indebtedness for all purposes, including in all tax filings, reports and returns and otherwise, and such parties agree not to take, or participate in the taking of or permit to be treated as debt taken any action that is inconsistent with the treatment of the Class A Notes, the Class B Notes and a person purchasing such Notes agrees to treat such the Class C Notes as debt for such purposesindebtedness.

Appears in 8 contracts

Samples: Dealer Floorplan Master Note (CDF Funding, Inc.), Dealer Floorplan Master Note (CDF Funding, Inc.), Dealer Floorplan Master Note (CDF Funding, Inc.)

Notes to be Treated as Debt for Tax. It is the intent of the parties hereto that, for purposes of federalFederal, state State and local income and franchise tax and any other tax measured in whole or in part by income, the Class A Notes, the Class B Notes and the Class C Notes shall be treated as debt and a person purchasing such Notes agrees to treat such Notes as debt for such purposes.debt. 30

Appears in 2 contracts

Samples: Ge Dealer (GE Dealer Floorplan Master Note Trust), Ge Dealer (GE Dealer Floorplan Master Note Trust)

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Notes to be Treated as Debt for Tax. It is the intent of the parties hereto that, for purposes of federal, state and local income and franchise tax and any other tax measured in whole or in part by income, the Class A Notes, the Class B Notes, the Class C Notes and the Class C D Notes shall be treated as debt and a person purchasing such Notes agrees to treat such Notes as debt for such purposes.

Appears in 2 contracts

Samples: RFS Holding LLC, RFS Holding LLC

Notes to be Treated as Debt for Tax. It is the intent of the parties hereto that, for purposes of federal, state and local income and franchise tax and any other tax measured in whole or in part by income, the Class A Notes, the Class B Notes and the Class C B Notes shall be treated as debt and a person purchasing such Notes agrees to treat such Notes as debt for such purposes.

Appears in 2 contracts

Samples: GE Capital Credit Card Master Note Trust, GE Capital Credit Card Master Note Trust

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