Common use of Federal Excise Tax on Transportation by Air Clause in Contracts

Federal Excise Tax on Transportation by Air. Lessee agrees and accepts that Lessee shall be responsible for paying to Lessor the federal excise tax under IRC Section 4261 on the Rent paid to Lessor in accordance with Section 1.4.

Appears in 3 contracts

Samples: Time Sharing Agreement (Kilroy Realty, L.P.), Aircraft Time Sharing Agreement (Restoration Hardware Holdings Inc), Aircraft Time Sharing Agreement (Restoration Hardware Holdings Inc)

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Federal Excise Tax on Transportation by Air. Lessee agrees and accepts that Lessee shall be responsible for paying to Lessor the federal excise tax under IRC Section 4261 on the Rent paid to Lessor in accordance with Section 1.4, and all sales, use and other excise taxes imposed by any authority in connection with the use of the Aircraft by Lessee hereunder.

Appears in 1 contract

Samples: Time Sharing Agreement (Snap Inc)

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