Common use of Depreciation Deductions and Investment Tax Credit Clause in Contracts

Depreciation Deductions and Investment Tax Credit. The parties agree that, as between them, the Company shall be entitled to all depreciation deductions with respect to any depreciable property comprising a part of the Facility and to any investment credit with respect to any part of the Facility.

Depreciation Deductions and Investment Tax Credit. The parties agree that, as between them, the Company shall be entitled to all depreciation deductions with respect to any depreciable property comprising a part of the Company Facility and to any investment credit with respect to any part of the Company Facility.

Depreciation Deductions and Investment Tax Credit. The parties agree that, as between them, the Company shall be entitled to all depreciation deductions with respect to any depreciable property comprising a part of the Facility pursuant to Section 167 or Section 168 of the Code and to any investment credit pursuant to Section 38 of the Code with respect to any part of the FacilityFacility which constitutes "Section 38 Property".

Depreciation Deductions and Investment Tax Credit. The parties agree that, as between them, the Company shall bear the burdens and benefits of ownership of the Facility and shall be entitled to all depreciation deductions with respect to any depreciable property comprising a part of the Facility and to any investment or other tax credit, including but not limited to the low-income housing tax credit with respect to any part of the Facility.

Depreciation Deductions and Investment Tax Credit. The parties agree that, as between them, the Company Institution shall be entitled to all applicable depreciation deductions with respect to any depreciable property comprising a part of the Facility pursuant to Section 167 or Section 168 of the Code and to any applicable investment credit pursuant to Section 38 of the Code with respect to any part of the Facility.Facility that constitutes "Section 38

Depreciation Deductions and Investment Tax Credit. The ------------------------------------------------- parties agree that, as between them, the Company shall be entitled to all depreciation deductions with respect to any depreciable property comprising a part of the Facility and to any investment credit with respect to any part of the Facility.

Depreciation Deductions and Investment Tax Credit. The parties agree that, as between them, the Company shall be entitled to all depreciation deductions (if applicable) with respect to any depreciable property comprising a part in the Facility pursuant to Sections 167 and 168 of the Facility Internal Revenue Code of 1986, as amended (or any similar successor legislation), and any regulations promulgated thereunder, (the "Code"), and to any investment credit (if again applicable) pursuant to Section 38 of the Code with respect to any part portion of the FacilityFacility which constitutes "Section 38 Property."