Common use of Operating Facilities Clause in Contracts

Operating Facilities. 1. Xxxxxxxx has the right to transfer all property owned by Landlord and given to Tenant for Tenant's use that qualifies or could qualify as operating equipment or otherwise as chattel for tax purposes to a special purpose entity and to give such property to Tenant in Landlord's own name (in trust) or in the name of the special purpose entity (directly through the special purpose entity). The landlord may exercise this right at any time without restriction, once or several times. 2. The Tenant must support the Landlord to the best of his abilities in carrying out the transfer and, in particular, make all explanations, including to third parties, which may be required for this purpose. The Landlord makes it clear that the rent for these operating facilities agreed upon after the transfer in the aforementioned sense is owed by the Tenant in each case including value added tax at the legal rate.

Operating Facilities. 1. Xxxxxxxx has the right to transfer all property owned by Landlord and given to Tenant for Tenant's use that qualifies or could qualify as operating equipment or otherwise as chattel for tax purposes to a special purpose entity and to give such property to Tenant in Landlord's own name (in trust) or in the name of the special purpose entity (directly through the special purpose entity). The landlord may exercise this right at any time without restriction, once or several times... 2. The Tenant must support the Landlord to the best of his abilities in carrying out the transfer and, in particular, make all explanations, including to third parties, which may be required for this purpose. The Landlord makes it clear that the rent for these operating facilities agreed upon after the transfer in the aforementioned sense is owed by the Tenant in each case including value added tax at the legal rate.

Operating Facilities. 1. Xxxxxxxx Landlord has the right to transfer all property owned by Landlord landlord and given to Tenant tenant for Tenanttenant's use that qualifies or could qualify as operating equipment or otherwise as chattel for tax purposes to a special purpose entity and to give such property to Tenant tenant in Landlord's own name (in trust) or in the name of the special purpose entity (directly through the special purpose entity). The landlord may exercise this right at any time without restriction, once or several times. 2. The Tenant tenant must support the Landlord landlord to the best of his abilities in carrying out the transfer and, in particular, make all explanations, including to third parties, which may be required for this purpose. The Landlord landlord makes it clear that the rent for these operating facilities agreed upon after the transfer in the aforementioned sense is owed by the Tenant tenant in each case including value added tax at the legal rate.

Operating Facilities. 1. Xxxxxxxx has the right to transfer all property owned by Landlord and given to Tenant for Tenant's use that qualifies or could qualify as operating equipment or otherwise as chattel for tax purposes to a special purpose entity and to give such property to Tenant in Landlord's own name (in trust) or in the name of the special purpose entity (directly through the special purpose entity). The landlord may exercise this right at any time without restriction, once or several times. 2. The Tenant must support the Landlord to the best of his abilities in carrying out the transfer and, in particular, make all explanations, including to third parties, which may be required for this purpose. The Landlord makes it clear that the rent for these operating facilities agreed upon after the transfer in the aforementioned sense is owed by the Tenant in each case including value added tax at the legal rate.