Common use of Statement of Intent Clause in Contracts

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, and the arrangement hereby be maintained, in a manner consistent with rules applicable to a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will shall not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, and the arrangement hereby be maintained, in a manner consistent with rules applicable to a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among between the parties.

Statement of Intent. The Agent and each Noteholder Holder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to a grantor trust under subpart Esubtitle A, chapter 1, subchapter J, part I of subchapter J of chapter 1 I, subpart E of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder Initial Note Holder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder Note Holder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to a grantor trust under subpart Esubtitle A, chapter 1, subchapter J, part I of subchapter J of chapter 1 I, subpart E of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder Note Holder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will shall not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment invest trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will shall not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, and the arrangement hereby be maintained, in a manner consistent with rules applicable to a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §§ 301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c301.7701‑4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §§ 301.7701-4(c), and the parties will shall not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes Note Groups be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among between the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will shall not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to a grantor trust under subpart Esubtitle A, chapter 1, subchapter J, part I of subchapter J of chapter 1 I, subpart E of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-301.7701- 4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder Initial Note Holder intend that the Notes be classified, classified and the arrangement hereby be maintained, in a manner consistent with rules applicable to maintained as a grantor trust under subpart E, part I of subchapter J of chapter 1 of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “"taxable mortgage pool” " or association taxable as a corporation among the parties.

Statement of Intent. The Agent and each Noteholder intend that the Notes be classified, classified and the arrangement hereby be maintained, maintained in a manner consistent with the rules applicable to a grantor trust under subpart Esubtitle A, chapter 1, subchapter J, part I of subchapter J of chapter 1 I, subpart E of the Code that is a fixed investment trust within the meaning of Treasury Regulation §301.7701-4(c), and the parties will not take any action inconsistent with such classification. It is neither the purpose nor the intent of this Agreement to create a partnership, joint venture, “taxable mortgage pool” or association taxable as a corporation among the parties.