Common use of Tax Characterization Clause in Contracts

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax purposes, the Series 2019-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 2019-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state state, local and local foreign income and franchise Tax purposes, the Series 2019-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 2019-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state state, local and local foreign income and franchise Tax purposes, the Series 20192020-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20192020-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. (a). (a) Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax United States tax purposes, the Series 20192025-1 2 Class A-1 A-1-V Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20192025-1 2 Class A-1 A-1-V Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Transaction Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax purposes, the Series 20192022-1 Class A-1 A‑1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20192022-1 Class A-1 A‑1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state state, local and local foreign income and franchise Tax purposes, the Series 20192018-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20192018-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. (a). (a) Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax United States tax purposes, the Series 20192026-1 Class A-1 A-1-V Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20192026-1 Class A-1 A-1-V Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Transaction Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax purposes, the Series 2019-1 Class A-1 A‑1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 2019-1 Class A-1 A‑1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. (a) . (a) Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax tax purposes, the Series 20192024-1 Class A-1 Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20192024-1 Class A-1 Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Transaction Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state state, local and local foreign income and franchise Tax tax purposes, the Series 2019-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 2019-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state state, local and local foreign income and franchise Tax purposes, the Series 20192022-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20192022-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. (a) . (a) Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax tax purposes, the Series 20192018-1 Class A-1 Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20192018-1 Class A-1 Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax purposes, the Series 20192018-1 Class A-1 A‑1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20192018-1 Class A-1 A‑1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. (a) . (a) Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax tax purposes, the Series 20192022-1 Class A-1 Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20192022-1 Class A-1 Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax purposes, the Series 20192025-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20192025-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (ai) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state and local income and franchise Tax tax purposes, the Series 20192022-1 Class A-1 Notes will be treated as evidence of indebtedness, (bii) agrees to treat the Series 20192022-1 Class A-1 Notes for all such purposes as indebtedness and (ciii) agrees that the provisions of the Related Transaction Documents shall be construed to further these intentions.

Tax Characterization. Each party to this Agreement (a) acknowledges that it is the intent of the parties to this Agreement that, for accounting purposes and for all federal, state state, local and local foreign income and franchise Tax purposes, the Series 20192025-1 Class A-1 Notes will be treated as evidence of indebtedness, (b) agrees to treat the Series 20192025-1 Class A-1 Notes for all such purposes as indebtedness and (c) agrees that the provisions of the Related Documents shall be construed to further these intentions.