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.
Appears in 13 contracts
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, between the Owner Participant and the Owner Trustee Lessee (but the Lessee makes no representation to such effect) that it is the intent of the parties for Federal Federal, state, local and foreign income tax purposes that the Owner Participant will be treated as the owner of the Aircraft to be delivered under and the Lease and Lessee will be treated as the lessee thereof, and each party hereto agrees to characterize of the Lease as a lease for Federal income tax purposesAircraft.
Appears in 4 contracts
Samples: Participation Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp)
Owner for Federal Tax Purposes. It is hereby agreed among Lessee, between the Owner Participant and the Owner Trustee Lessee (but the Lessee makes no representation to such effect) that for Federal income tax purposes the Owner Participant will be the owner of the Aircraft to be delivered under and the Lease and Lessee will be the lessee thereof, and each party hereto agrees to characterize of the Lease as a lease for Federal income tax purposesAircraft.
Appears in 3 contracts
Samples: Participation Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp), Participation Agreement (Federal Express Corp)
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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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.
Appears in 1 contract
