Ownership of Tax Benefits. Seller, as owner of the System, is the owner of all Tax Benefits. Seller acknowledges and agrees that Purchaser has made no statements, representations or warranties regarding the eligibility of the System for the Tax Benefits, and Seller is not relying on any statement, representation, or warranty by Purchaser or any third party with respect to the Tax Benefits in entering into this Agreement.
Ownership of Tax Benefits it is the intention of the parties that any tax benefits resulting from ownership of the Mortgaged Property and any tax credit or comparable credit which may ever be available shall accrue to the benefit of Company, and Company shall, and Issuer upon advice of counsel shall, make any election and take other action in accordance with the Code and the regulations promulgated thereunder as may be necessary to entitle Company to have such benefit and credit.
Ownership of Tax Benefits. 8 Section 4.8. Investment of Moneys............................................................................8 Section 4.9. Plans and Specifications; Modifications to Project..............................................9 Section 4.10. Agreement to Issue Bonds; Application of Bond Proceeds..........................................9
Ownership of Tax Benefits. It is the intention of the parties that any tax benefits resulting from ownership of the Project and any tax credit or comparable credit which may ever be available shall accrue to the benefit of Acxiom (unless the Company has notified the Issuer that a default has occurred under the sublease of the Project to Acxiom and that the Company or its assignee has foreclosed on Acxiom's rights in and to the Project), and Acxiom shall, and the Issuer upon advice of Counsel may, make any election and take other action in accordance with the Internal Revenue Code and the regulations promulgated thereunder as may be necessary to entitle Acxiom to have such benefit and credit.
