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

Depreciation Deductions and Investment Tax Credit. The Company shall be entitled to all depreciation deductions with respect to any depreciable property in the Project pursuant to Section 167 of the Internal Revenue Code and to any investment credit pursuant to Section 38 of the Internal Revenue Code with respect to any portion of the Project which constitutes "Section 38 Property".

Appears in 2 contracts

Samples: Leaseback Agreement, www.sullivanida.com

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Depreciation Deductions and Investment Tax Credit. The parties agree that the Company shall be entitled to all depreciation deductions with respect to any depreciable property in the Project Facility pursuant to Section 167 of the Internal Revenue Code and to any investment credit pursuant to Section 38 of the Internal Revenue Code with respect to any portion of the Project Facility which constitutes "Section 38 Property"." . ARTICLE VI RELEASE OF CERTAIN LAND; ASSIGNMENTS

Appears in 1 contract

Samples: Agreement

Depreciation Deductions and Investment Tax Credit. The Company shall be entitled to all depreciation deductions with respect to any depreciable property in the Project Facility pursuant to Section 167 of the Internal Revenue Code and to any investment credit pursuant to Section 38 of the Internal Revenue Code with respect to any portion of the Project Facility which constitutes "Section 38 Property".

Appears in 1 contract

Samples: Company Wellness Center

Depreciation Deductions and Investment Tax Credit. The parties agree that the Company shall be entitled to all depreciation deductions with respect to any depreciable property (whether real property or personal property) in the Project Facility pursuant to Section section 167 of the United States Internal Revenue Code (the “Code”) and to any investment credit pursuant to Section 38 of the Internal Revenue Code with respect to any portion of the Project which constitutes "Section 38 Property"Facility.

Appears in 1 contract

Samples: Leaseback Agreement (Monro Muffler Brake Inc)

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Depreciation Deductions and Investment Tax Credit. The parties agree that the Company shall be entitled to all depreciation deductions with respect to any depreciable property in the Project Facility pursuant to Section section 167 of the United States Internal Revenue Code (the "Code") and to any investment credit pursuant to Section 38 of the Internal Revenue Code with respect to any portion of the Project Facility which constitutes "Section 38 Property".

Appears in 1 contract

Samples: Lease Agreement (CVC Inc)

Depreciation Deductions and Investment Tax Credit. The Company shall be entitled to all depreciation deductions with respect to any depreciable property in the Project pursuant to Section 167 of the Internal Revenue Code and to any investment credit pursuant to Section 38 of the Internal Revenue Code with respect to any portion of the Project which constitutes "Section 38 PropertyPrope1iy".

Appears in 1 contract

Samples: www.sullivanida.com

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