Common use of No Taxes Payable Clause in Contracts

No Taxes Payable. Except for Taxes based upon the income of any Person, there are no Taxes payable in the state in which the principal place of business of the Indenture Trustee is located in connection with the execution, delivery, consummation or recordation of this Agreement and the other Operative Documents, upon or with respect to the Trust Estate or the Indenture Estate, or in connection with the consummation of the transactions contemplated hereby and by the other Operative Documents (including, without limitation, the filing of financing statements with respect thereto or the sale or transfer of the Undivided Interest).

No Taxes Payable. Except for Taxes based upon the income of any ---------------- Person, there are no Taxes payable in the state in which the principal place of business of the Indenture Pass Through Trustee is located in connection with the execution, delivery, consummation or recordation of this Participation Agreement and the other Operative Documents, upon or with respect to the Trust Estate or the Indenture Estate, or in connection with the consummation of the transactions contemplated hereby and by the other Operative Documents (including, without limitation, the filing of financing statements with respect thereto or the sale or transfer of the Undivided InterestFacility Assets).

No Taxes Payable. Except for Taxes based upon the income of any Person, there are no Taxes payable in the state in which the principal place of business of the Indenture Pass Through Trustee is located in connection with the execution, delivery, consummation or recordation of this Agreement and the other Operative DocumentsDocuments or the Pass Through Trust Agreement, upon or with respect to the Trust Estate or the Indenture Estate, or in connection with the consummation of the transactions contemplated hereby and by the other Operative Documents (including, without limitation, the filing of financing statements with respect thereto or the sale or transfer of the Undivided Interest).

No Taxes Payable. Except for Taxes based upon the income of any Person, there are no Taxes payable in the state in which the principal place of business of the Indenture Pass Through Trustee is located in connection with the execution, delivery, consummation or recordation of this Agreement and the other Operative DocumentsDocuments or the Pass Through Trust Agreement, upon or with respect to the Trust Estate or the Indenture Estate, or in connection with the consummation of the transactions contemplated hereby and by the other Operative Documents (including, including without limitation, the filing of financing statements with respect thereto or the sale or transfer of the Undivided Interest).