Representations and Covenants by Tenant Sample Clauses

Representations and Covenants by Tenant. Tenant makes the following covenants and representations as the basis for the undertakings on its part herein contained:
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Representations and Covenants by Tenant. The Tenant makes the following covenants and representations as the basis for the undertakings on its part herein contained:
Sample 1Sample 2
Representations and Covenants by Tenant. 2 Section 1.03. Representations and Covenants by the Issuer 2 ARTICLE II GRANTING OF LEASEHOLD 3 ARTICLE III RENT Section 3.01. Basic Rent 3 Section 3.02. Presentation of Bonds in Satisfaction of Rent 3 Section 3.03. Additional Rent 4 Section 3.04. Rent Payable Without Abatement or Setoff. 4 Section 3.05. Prepayment of Basic Rent 4 Section 3.06. Deposit of Rent by Trustee 4 ARTICLE IV DISPOSITION OF ORIGINAL PROCEEDS; PROJECT FUND 4 ARTICLE V PROJECT PURCHASE AND COMPLETION Section 5.01. Acquisition of Land and Improvements 5 Section 5.02. Environmental Matters. 5 Section 5.03. Project Contracts 5 Section 5.04. Payment of Project Costs 6 Section 5.05. Reserved 6 Section 5.06. Completion of Project 6 Section 5.07. Deficiency of Project Fund 6 Section 5.08. Right of Entry by Issuer 7 Section 5.09. Machinery and Equipment Purchased by the Tenant 7 Section 5.10. Project Property of Issuer. 7
Sample 1
Representations and Covenants by Tenant. 2 Section 1.03. Representations and Covenants by the Issuer 3 ARTICLE II Section 2.01. Granting of Leasehold. 3 ARTICLE III Section 3.01. Basic Rent 3 Section 3.02. Presentation of Bonds in Satisfaction of Rent 4 Section 3.03. Additional Rent 4 Section 3.04. Rent Payable Without Abatement or Setoff. 4 Section 3.05. Prepayment of Basic Rent 4 Section 3.06. Deposit of Rent by Trustee 4
Sample 1

Related to Representations and Covenants by Tenant

  • Representations and Covenants In accordance with IRS Notice 2001-82 and IRS Notice 88-129, the Interconnection Customer represents and covenants that (i) ownership of the electricity generated at the Large Generating Facility will pass to another party prior to the transmission of the electricity on the CAISO Controlled Grid, (ii) for income tax purposes, the amount of any payments and the cost of any property transferred to the Participating TO for the Participating TO's Interconnection Facilities will be capitalized by the Interconnection Customer as an intangible asset and recovered using the straight-line method over a useful life of twenty (20) years, and (iii) any portion of the Participating TO's Interconnection Facilities that is a “dual-use intertie,” within the meaning of IRS Notice 88-129, is reasonably expected to carry only a de minimis amount of electricity in the direction of the Large Generating Facility. For this purpose, “de minimis amount” means no more than 5 percent of the total power flows in both directions, calculated in accordance with the “5 percent test” set forth in IRS Notice 88- 129. This is not intended to be an exclusive list of the relevant conditions that must be met to conform to IRS requirements for non-taxable treatment. At the Participating TO’s request, the Interconnection Customer shall provide the Participating TO with a report from an independent engineer confirming its representation in clause (iii), above. The Participating TO represents and covenants that the cost of the Participating TO's Interconnection Facilities paid for by the Interconnection Customer without the possibility of refund or credit will have no net effect on the base upon which rates are determined.

  • Representations and Covenants of the Company The Company makes the following representations and covenants in order to induce the Agency to proceed with the Project/Facility:

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