TAX ASSUMPTIONS. In entering into this Agreement and related documents, the Sprint Group has made the following assumptions regarding the characterization of the transactions contemplated under this Agreement for federal income tax purposes (the "TAX ASSUMPTIONS"):
TAX ASSUMPTIONS. This Lease has been entered into on the basis that Lessor is entitled to such federal, state and local income tax deductions, credits and other benefits (the "Tax Benefits") as are provided to an owner of property including, without limitation: (A) the Recovery Deductions (as defined herein); and (B) the interest deduction under the Internal Revenue Code of 1986, as amended (the "Code") in the full amount of any interest paid or accrued by Lessor, using Lessor's method of tax accounting, for any indebtedness incurred by Lessor in financing its purchase of the Equipment (the "Interest Deductions").
TAX ASSUMPTIONS. In entering into the Lease and the transactions contemplated hereby, LESSOR has made the following tax assumptions for the Aircraft (the "Tax Assumptions"):
TAX ASSUMPTIONS. The Owner Participant and EME acknowledge that the Basic Lease Rent and Termination Values under the Facility Lease and the Owner Participant’s Expected Return have been calculated based upon the following income tax assumptions (the “Tax Assumptions”) for United States federal income tax purposes:
TAX ASSUMPTIONS. The transactions contemplated by the Lease Documents have been entered into on the basis of the following tax assumptions (the “Tax Assumptions”):
TAX ASSUMPTIONS. In entering into this Agreement and related documents, the AT&T Group has made the following assumptions regarding the characterization of the transactions contemplated under this Agreement for federal income Tax purposes (the “Tax Assumptions”):
TAX ASSUMPTIONS. In entering into this Agreement and related documents, the T-Mobile Group has made the following assumptions regarding the characterization of the transactions contemplated under this Agreement for federal income Tax purposes (the “Tax Assumptions”):
TAX ASSUMPTIONS. The Basic Rent payable by Lessee and Net Economic Return have been computed on the basis of the following tax assumptions:
TAX ASSUMPTIONS. The transactions described in the Participation Agreement have been entered into on the assumptions (the "Tax Assumptions") that for federal income tax purposes:
TAX ASSUMPTIONS. In entering into this Lease and the transactions contemplated hereby, Lessor has made the following tax assumptions for each Item of Equipment (the "Tax Assumptions"): (i) Lessor will be entitled to the benefit of depreciation deductions for Federal income tax purposes under the Accelerated Cost Recovery System provided for in Section 168 of the Code and depreciation deductions for state income tax purposes for Lessor's Home State (hereinafter defined) based upon one hundred percent (100%) of the Acquisition Cost of each such Item of Equipment, commencing in the calendar year in which the Acceptance Date for each such Item of Equipment occurs, and on the basis that each Item of Equipment shall have the applicable recovery period and property classification, and that Lessor shall be entitled to use the method of depreciation and depreciation convention, specified on the Tax Schedule (hereinafter defined) attached to and made a part of the Related Exhibit A for such Item (the "Depreciation Deduction"); (ii) [intentionally omitted]; and (iii) for each year of the Term, with respect to each Item of Equipment, including any year in which a Tax Loss (hereinafter defined) occurs, Lessor will be subject to tax as follows: (a) for each such year up to and including the year in which such Tax Loss occurs, at a composite Federal and state corporate income tax rate that is equal to the highest marginal rate for corporations provided for under the Code and the laws of Lessor's Home State (the "Highest Composite Marginal Tax Rate") and that is actually in effect for each such year, and (b) for each such year following the year in which such Tax Loss occurs, at a composite Federal and state corporate income tax rate that is equal to the Highest Composite Marginal Tax Rate actually in effect in the year in which such Tax Loss occurs and which, under the provisions of the Code and the laws of Lessor's Home State then in effect, is to be applicable to each such following year. As used herein the term "Lessor's Home State" means the state specified as such on any Tax Schedule, and the term "Tax Schedule" means the schedule of tax assumptions attached to and made a part of each Related Exhibit A.
