Common use of LESSEE'S TAX REPRESENTATIONS AND WARRANTIES Clause in Contracts

LESSEE'S TAX REPRESENTATIONS AND WARRANTIES. LESSEE represents and warrants to LESSOR that: (1) at all times during the Base Term, with respect to the Aircraft, such Aircraft will not, due to any act or failure to act on the part of LESSEE, constitute property "used predominantly outside the United States" or "tax-exempt use property" within the meaning of Sections 168(g)(1)(A), 168(g)(4)(a) and 168(h)(1)(A), respectively, of the Code and Proposed Code Regulation Section 1.168-2(g)(5)(iii)(A).

LESSEE'S TAX REPRESENTATIONS AND WARRANTIES. LESSEE represents and warrants to LESSOR and Beneficiary that: (1) at all times during the Base Term, with respect to the Aircraft, such Aircraft will not, due to any act or failure to act on the part of LESSEE, constitute property "used predominantly outside the United States" or "tax-exempt use property" within the meaning of Sections 168(g)(1)(A), 168(g)(4)(a) and 168(h)(1)(A), respectively, of the Code and Proposed Code Regulation Section 1.168-2(g)(5)(iii)(A).