Common use of U.S. Tax Classification Clause in Contracts

U.S. Tax Classification. Each Subsidiary is or prior to Closing will be classified for United States federal income tax purposes as an entity disregarded as separate from Seller pursuant to Treas. Reg. Sections 301.7701-2 and 301.7701-3. Neither Seller nor the Subsidiaries will take any action to change the U.S. federal income tax classification of either of the Subsidiaries.

U.S. Tax Classification. Each Subsidiary is or prior to Closing will be classified for United States federal income tax purposes as an entity disregarded as separate from Seller pursuant to Treas. Reg. Sections 301.7701-2 and 301.7701-3. Neither the Seller nor any of the Subsidiaries will take any action to change the U.S. federal income tax classification of either any of the Subsidiaries.

U.S. Tax Classification. Each Subsidiary is or prior to Closing will be classified for United States federal income tax purposes as an entity disregarded as separate from Seller pursuant to Treas. Reg. Sections 301.7701-2 and 301.7701-3. Neither Seller Golar, Golar Energy, Chartering Ltd nor any of the Subsidiaries will take any action to change the U.S. federal income tax classification of either any of the Subsidiaries.

U.S. Tax Classification. Each Subsidiary is or prior to Closing will be classified for United States federal income tax purposes as an entity disregarded as separate from Seller pursuant to Treas. Reg. Sections 301.7701-2 and 301.7701-3. Neither Seller Golar, Golar Energy nor any of the Subsidiaries will take any action to change the U.S. federal income tax classification of either any of the Subsidiaries.