Investment Credit. The investment credit is equal to ten percent of the amount of investment in qualified property, as determined in paragraph 9 of this Agreement, that will be located and used at the project. Sales Tax Refunds
Investment Credit. The Board agrees that any investment tax credit with respect to the Project or any part thereof shall be made available to the Company, and the Board will fully cooperate with the Company in any effort by the Company to avail itself of any such investment tax credit, but neither the Board nor the Trustee shall have any responsibility or liability for the Company's failure to receive any such investment tax credit. The Board agrees to cause the Trustee to cooperate in making any investment tax credit available to the Company.
Investment Credit. The Issuer agrees that any investment ----------------- tax credit with respect to the Project or any part thereof shall be made available to the Company, and the Issuer will fully cooperate with the Company in any effort by the Company to avail itself of any such investment tax credit, but neither the Issuer nor the Trustee shall have any responsibility or liability for the Company's failure to receive any such investment tax credit. The Issuer agrees to cause the Trustee to cooperate in making any investment tax credit available to the Company.
Investment Credit. Landlord shall have the right or interest in any investment credits allowed by any law, as to the Leased Premises. Tenant shall have the right or interest in any investment credits allowed by any law, as to any Improvements or any additions or expansion to same.
Investment Credit. To the extent permissible by law, the Lessor agrees to elect and take all other action necessary to pass on to the Tenant any investment credits allowable for federal, state and local income tax purposes in regard to any item of property leased hereunder.
Investment Credit. Landlord hereby elects under the provisions of the Internal Revenue Code of 1986, as amended (the “Code”), to pass through to Tenant all investment tax credits which may be applied from time to time in respect of the Leased Property or any part thereof under Section 38 of the code (or under the corresponding section of any U.S. income tax law at any time in effect during the Term of this Lease). Landlord agrees, at Tenant’s expense, to execute timely all documents prepared by Tenant and delivered to Landlord in advance and required by the Code and regulations issued thereunder to enable Tenant to obtain such investment tax credits.
Investment Credit. The County agrees that any investment tax credit with respect to the Project or any part thereof shall be made available to the Company, and the County will fully cooperate with the Company in any effort by the Company to avail itself of any such investment tax credit, but, neither the County nor the Trustee shall have any responsibility or liability for the Company's failure to receive any such investment tax credit. The County agrees to cause the Trustee to cooperate in making any investment tax credit available to the Company.
Investment Credit. (a) CONTRACTOR may recover an investment credit amounting to fifteen point seven eight zero zero percent (15.7800%) of the capital investment cost directly required for developing Crude Oil production facilities (as provided under Article II paragraph 2.3.3 of Exhibit “C” hereof) out of deduction from gross production before recovering Operating Costs, commencing in the earliest production Year or Years before tax deduction (to be paid in advance in such production Year when taken).
Investment Credit. The Landlord and the Tenant acknowledge that the ----------------- Internal Revenue Code of 1954, Section 48, (d) permits a lessor of new Section 38 property to elect to treat the lessee as having purchased the property, so that the investment credit provided by Section 38 of the Internal Revenue Code may be allowed to a lessee. Landlord warrants that this property complies with Section 38, and that the Tenant's use of the property pursuant to this lease will be the "original use" of the equipment. Landlord will elect to treat the Tenant as having purchased the equipment so that the investment credit may be allowed to the Tenant, which election shall be timely filed in such form as required under Section 38 of the Internal Revenue Code and the regulations thereunder. Tenant shall timely furnish, complete for landlords signature, any I.R.S. forms which Landlord is required to file. The Landlord is hereby informed that the Tenants fiscal year ends October 31 of each calender year, and that the due date of its income tax returns is January 15. Landlord does not guarantee or warrant that any specific amount will be eligible for Investment Credit, and the Tenant will have the sole responsibility to establish eligibility of items for its Investment Credits.
Investment Credit. 21 ARTICLE VII DAMAGE, DESTRUCTION AND CONDEMNATION......................... 22
