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

U.S. Tax Classification. Igloo Corp 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 Igloo Corp will take any action to change the U.S. federal income tax classification of Igloo Corp.