Common use of Tax Ownership Clause in Contracts

Tax Ownership. Each Indemnitee represents and warrants that it will not, prior to the termination of a Lease, claim ownership of (or any tax benefits, including depreciation, with respect to) the related Leased Property for any income tax purposes (unless required to do so by a taxing authority) with respect to the period prior to such termination, it being understood that it is the intention of all parties to this transaction that the Lessee is and will remain the owner of such Leased Property for such income tax purposes until the termination of the Lease and such transfer.

Tax Ownership. Each Tax Indemnitee represents and warrants that it will not, prior to the termination of the Lease with respect to a LeaseProperty, claim ownership of (or any tax benefits, including depreciation, with respect to) the related Leased such Property for any income tax purposes (unless required to do so by a taxing authority) with respect to the period prior to such terminationGovernmental Authority), it being understood that it is the intention of all parties to this transaction that the Lessee is and will remain the owner of such Leased Property for such income tax purposes until the termination of the Lease and such transferwith respect thereto.

Tax Ownership. Each Indemnitee represents and warrants that it will not, prior to the termination of a the Lease, claim ownership of (or any tax benefits, including depreciation, with respect to) the related Leased Property Improvements for any income tax purposes (unless required to do so by a taxing authority) with respect to the period prior to such terminationan Authority), it being understood that it is the intention of all parties to this transaction that the Lessee is and will remain the owner of such Leased Property the Premises for such income tax purposes until the termination of the Lease and such transferLease.