Tax Exemptions. None of the assets of the Company constitutes tax-exempt bond financed property or tax-exempt use property within the meaning of Section 168 of the IRC, and the Company is not subject to a lease, safe harbor lease or other arrangement as a result of which the Company is treated as the owner of leased property for Federal income tax purposes.
Appears in 6 contracts
Samples: Stock Purchase Agreement (Fairpoint Communications Inc), Escrow Agreement (Fairpoint Communications Inc), Stock Purchase Agreement (MJD Communications Inc)
Tax Exemptions. None of the assets of the Company constitutes tax-exempt bond financed property or tax-exempt use property within the meaning of Section 168 of the IRC, and the Company is not subject to a lease, safe harbor lease or other arrangement as a result of which the Company is not treated as the owner of leased property for Federal federal income tax purposes.
Appears in 6 contracts
Samples: Escrow Agreement (MJD Communications Inc), Escrow Agreement (MJD Communications Inc), Escrow Agreement (MJD Communications Inc)
Tax Exemptions. None of the assets of the Company constitutes -------------- tax-exempt bond financed property or tax-exempt use property within the meaning of Section 168 of the IRC, and the Company is not subject to a lease, safe harbor lease or other arrangement as a result of which the Company is not treated as the owner of leased property for Federal federal income tax purposes.
Appears in 2 contracts
Samples: Consulting Agreement (MJD Communications Inc), Consulting Agreement (MJD Communications Inc)
Tax Exemptions. None of the assets of the Company constitutes tax-exempt bond financed property or tax-exempt use property within the meaning of Section 168 of the IRC, and the Company is not subject to a lease, safe harbor lease or other arrangement as a result of which the Company is not treated as the owner of leased property for Federal income tax purposes.
Appears in 1 contract
