Common use of Depreciation and Investment Tax Credit Clause in Contracts

Depreciation and Investment Tax Credit. During the term of this Lease, Tenant alone shall be able to claim depreciation and investment tax credit for taxation purposes (or to permit its subtenants the right to such benefits) on any building improvements and fixtures and any changes, additions, and alterations therein and thereto and any replacements thereof.

Appears in 3 contracts

Samples: Ground Lease (Palace Entertainment Holdings, Inc.), Commercial Ground Lease (Palace Entertainment Holdings, Inc.), Palace Entertainment Holdings, Inc.

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Depreciation and Investment Tax Credit. During the term Term of this Lease, Tenant alone shall be able to claim depreciation and investment tax credit for taxation purposes (or to permit its subtenants the right to such benefits) on any building improvements and fixtures and any changes, additions, and alterations therein and thereto and any replacements thereof.

Appears in 2 contracts

Samples: Lease (Palace Entertainment Holdings, Inc.), Palace Entertainment Holdings, Inc.

Depreciation and Investment Tax Credit. During the term of this Lease, Tenant alone shall be able to claim depreciation and investment tax credit for taxation purposes (or to permit its permits subtenants the right to such benefits) on any building improvements and fixtures and any changes, additions, and alterations therein and thereto and any replacements thereof.

Appears in 2 contracts

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.), Palace Entertainment Holdings, Inc.

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Depreciation and Investment Tax Credit. During the term Term of this Lease, only Tenant alone (or at Tenant’s option, a subtenant, tenant or other designee of Tenant) shall be able to claim depreciation and investment tax credit for taxation purposes (or to permit its subtenants the right to such benefits) on any building improvements Improvements and fixtures and any changes, additions, and alterations therein and thereto and any replacements thereofTrade Fixtures.

Appears in 1 contract

Samples: Commercial Ground Lease (Palace Entertainment Holdings, Inc.)

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