Common use of Records; U.S. Income Tax Information Clause in Contracts

Records; U.S. Income Tax Information. Each of the Lessee and TILC covenants that it will maintain or cause to be maintained and retain factual records (to the extent such records are maintained by the Lessee and TILC respectively, any sublessee, or any trustee for or Affiliate of any thereof, in the ordinary course of their respective businesses) to enable the Owner Participant to prepare required United States federal, state and local tax returns. Upon request of the Owner Participant, the Lessee and TILC, respectively, shall deliver such records to the Owner Participant at the expense of the Lessee. In addition, as soon as practicable, the Lessee and TILC, respectively, shall provide or cause to be provided (at the expense of the Lessee) to the Owner Participant such information (in form and substance reasonable satisfactory to the Owner Participant) as the Owner Participant may reasonably request from and as shall be reasonably available to the Lessee and TILC, respectively, to enable the Owner Participant to fulfill its tax return filing obligations, to respond to requests for information, to verify information in connection with any income tax audit and to participate effectively in any tax contest. Such information may include, without limitation, information as to the location of and use of the Equipment from time to time (to the extent such information is available on the basis of the records regularly maintained by the Lessee and TILC, respectively, any sublessee, or any trustee for or Affiliate of any thereof, in the ordinary course of their respective businesses).