Intended Characterization definition

Intended Characterization means, for income tax purposes, the characterization of the acquisition by the Purchasers of Purchaser Interests under the Purchase Agreement as a loan or loans by the Purchasers to Buyer secured by the Receivables, the Related Security and the Collections.

Intended Characterization means, for income tax purposes, the characterization of the acquisition by the Purchasers of Receivable Interests as a loan or loans by the Purchasers to the Seller secured by the Receivables, the Related Security, the Collection Accounts and the Collections.

Intended Characterization means, for income tax purposes, the characterization of the acquisition by the Purchaser of Purchaser Interests under the Purchase Agreement as a loan or loans by the Purchaser to the Seller secured by the Receivables and the Related Security.

Examples of Intended Characterization in a sentence

• Each party hereby agrees that it will report such transactions for the purposes of all taxes, and otherwise will act for the purposes of all taxes, in a manner consistent with the Intended Characterization.

• The Interested Party shall be obliged, in particular, to ensure compliance with the confidentiality provisions defined in the present agreement by any individuals, to whom any Confidential Information have been made available by the Interested Party and shall also be jointly and severally liable for their violations.

• Transfer of Affected Assets; Intended Characterization 24 SECTION 2.2 .

• Each party hereby agrees that will report such transactions for the purposes of all taxes, and otherwise will act for the purposes of all taxes, in a manner consistent with the Intended Characterization.

• It is the intention of the Seller, the Servicer, the Program Agent and the Purchasers that (i) any outstanding Capital will be treated as indebtedness of the Seller to the Purchasers secured by the Receivables Assets for all state, federal and local tax purposes, and (ii) each Purchase hereunder will be treated as a loan for accounting purposes (the "Intended Characterization").

More Definitions of Intended Characterization

Intended Characterization has the meaning specified in Section 8.2 of this Agreement.

Intended Characterization means the characterization for income tax purposes described in Section 13.14(e) of the Purchase Agreement.

Intended Characterization shall have the meaning ascribed to such term in Section 9.2(c).

Intended Characterization shall have the meaning, with respect to the Class A Certificates and the Class B Certificates, as is set forth in Section 10.07.

Intended Characterization shall have the meaning specified in Section 3.07.

Intended Characterization means, with respect to any Series or Class of any Series, the intended tax and usury characterization of the Certificates of such Series or Class as shall be set forth in the related Supplement.

Intended Characterization means that, for all applicable state, local and federal income tax purposes, RFC's acquisition of RFC Loans shall be treated as the acquisition by RFC of a debt instrument. This indemnity is in addition to any obligations of the Company set forth in subsection 9.5. The agreements contained in this subsection and the parties' respective obligations hereunder shall survive the termination of this Agreement.