Owner for Federal Tax Purposes. It is hereby agreed among Lessee, the Owner Participant and the Owner Trustee that for Federal income tax purposes the Owner Participant will be the owner of the Aircraft to be delivered under the Lease and Lessee will be the lessee thereof, and each party hereto agrees to characterize the Lease as a lease for Federal income tax purposes.
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Samples: Participation Agreement (Northwest Airlines Corp), Participation Agreement (Northwest Airlines Corp), Participation Agreement (Us Airways Inc)
Owner for Federal Tax Purposes. It is hereby agreed among Lessee, the Owner Participant and the Owner Trustee that for Federal income tax purposes the Owner Participant will be the owner of the Aircraft to be delivered under the Lease and Lessee will be the lessee thereof, and each party hereto agrees to characterize the Lease as a lease for Federal income tax purposes.
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Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)
Owner for Federal Tax Purposes. It is hereby agreed among Lessee, the Owner Participant and the Owner Trustee that for Federal federal income tax purposes the Owner Participant will be the owner of the Aircraft to be delivered under the Lease Agreement and Lessee will be the lessee thereof, and each party hereto agrees to characterize the Lease Agreement as a lease for Federal federal income tax purposes.
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