Characterization definition
Examples of Characterization in a sentence
The provisions of this Indenture shall be construed in furtherance of the Intended Tax Characterization.
The parties hereto agree to report and otherwise to act for the purposes of all Taxes in a manner consistent with the Intended Tax Characterization.
It is the intention of the parties hereto that, for the purposes of all Taxes, the transactions contemplated hereby shall be treated as a loan by the Purchasers (through the Agent) to the Seller that is secured by the Receivables (the "Intended Tax Characterization").
Each of the Issuer, the Servicer, the Indenture Trustee, the Club Trustee and the Backup Servicer by entering into this Indenture, and each Noteholder by the purchase of a Note, agree to report such transactions for purposes of all taxes in a manner consistent with the Intended Tax Characterization, unless otherwise required by applicable law.
It is understood and agreed that for those contractors signatory to this agreement at April 30, 2006 Article 2:00 Section 2.01 a) scope shall include the words “But does not include Visual Inspection, Destructive Testing, Stress Relieving, or Material Characterization unless it becomes part of the scope of the agreement through voluntary recognition or certification of that company”.