Compliance with Internal Revenue Code. Income on Notes and other evidences of indebtedness issued by TVA is subject to federal tax consequences. Accordingly, Member agrees to comply with all applicable provisions of the Internal Revenue Code, as amended from time to time, with respect to taxation of, information reporting about, and backup withholding on, the Notes.
Appears in 3 contracts
Sources: Discount Notes Selling Group Agreement (Tennessee Valley Authority), Discount Notes Selling Group Agreement (Tennessee Valley Authority), Discount Notes Selling Group Agreement (Tennessee Valley Authority)