Tax Treatment Clause Example from Business Contracts

This example Tax Treatment clause appears in 2 contracts from 2 companies

Tax Treatment. In each case for U.S. federal income tax and all other applicable tax purposes, the Maker and the Payee agree to treat this Note, to the extent permissible under applicable law, as an equity interest in the Maker (and not as indebtedness), and shall take no contrary position on any tax return or before any taxing authority unless otherwise required by law). The Maker and the Payee shall reasonably cooperate to structure (i) any conversion of this Note in connection with a Business Combination an...d (ii) any contribution, forfeiture or elimination of this Note pursuant to Section 1 in a manner that is tax-efficient for the Maker and the Payee, taking into account the terms of any Business Combination. View More
Found in Slam Corp. contract
Slam Corp. Contracts

Promissory Note, dated February 21, 2023, by and among Slam Corp. and Slam Sponsor, LLC (Filed With SEC on February 27, 2023)

Twin Ridge Capital Acquisition Corp. Contracts

Promissory Note, dated March 10, 2023, by and between Twin Ridge Capital Acquisition Corp. and Carbon Revolution Limited (Filed With SEC on March 10, 2023)