Tax Provisions. The Policyholder and each transferee and assignee of this Policy, to the extent required by law, agree to provide GLAIC with any properly completed tax forms that are needed for GLAIC to satisfy its tax reporting obligations with respect to amounts held under this Policy. This Policy is intended to be ignored for U.S. federal, state and local income and franchise tax purposes. To the extent it cannot be ignored, GLAIC and the Policyholder and each transferee and assignee of this Policy agree to treat this Policy as GLAIC’s debt obligation for U.S. federal, state and local income and franchise tax purposes.
Appears in 65 contracts
Samples: Funding Agreement (Genworth Life & Annuity Insurance Co), Funding Agreement (Genworth Life & Annuity Insurance Co), Funding Agreement (Genworth Life & Annuity Insurance Co)
Tax Provisions. The Policyholder and each transferee and assignee of this Policy, to the extent required by law, agree to provide GLAIC GELAAC with any properly completed tax forms that are needed for GLAIC GELAAC to satisfy its tax reporting obligations with respect to amounts held under this Policy. This Policy is intended to be ignored for U.S. federal, state and local income and franchise tax purposes. To the extent it cannot be ignored, GLAIC GELAAC and the Policyholder and each transferee and assignee of this Policy agree to treat this Policy as GLAICGELAAC’s debt obligation for U.S. federal, state and local income and franchise tax purposes.
Appears in 3 contracts
Samples: Funding Agreement (Ge Life & Annuity Assurance Co), Funding Agreement (Genworth Global Funding Trust 2005-A), Funding Agreement (Ge Life & Annuity Assurance Co)
