Tax Ownership. Each Tax Indemnitee represents and warrants that it will not, prior to the termination of the Master Lease, claim ownership of (or any tax benefits, including depreciation, with respect to) the Property for any income tax purposes (unless required to do so by a Governmental Authority), it being understood that the Lessee is and will remain the owner of the Property for such income tax purposes until the termination of the Master Lease.
Appears in 3 contracts
Samples: Participation Agreement (Mondavi Robert Corp), Participation Agreement (Truserv Corp), Construction Agency Agreement (Mondavi Robert Corp)
Tax Ownership. Each Tax Indemnitee represents and warrants that it will not, prior to the termination of the Master Lease, claim ownership of (or any tax benefits, including depreciation, with respect to) the any Property for any income tax purposes (unless required to do so by a Governmental Authority), it being understood that the Lessee is Lessees are and will remain the owner owners of the Property Properties for such income tax purposes until the termination of the Master Lease.
Appears in 2 contracts
Samples: Participation Agreement (Beverly Enterprises Inc), Participation Agreement (Beverly Enterprises Inc /De/)
Tax Ownership. Each Tax Indemnitee represents and warrants that it will not, prior to the termination of the Master LeaseLease with respect to a Property, claim ownership of (or any tax benefits, including depreciation, with respect to) the such Property for any income tax purposes (unless required to do so by a Governmental Authority), it being understood that the Lessee is and will remain the owner of the such Property for such income tax purposes until the termination of the Master LeaseLease with respect thereto.
Appears in 2 contracts
Samples: Participation Agreement (Lam Research Corp), Participation Agreement (Lam Research Corp)
Tax Ownership. Each Tax Indemnitee represents and warrants that it will not, prior to the termination of the Master Lease, claim ownership of (or any tax benefits, including depreciation, with respect to) the Property Properties for any income tax purposes (unless required to do so by a Governmental Authority), it being understood that the Lessee is and will remain the owner of the Property Properties for such income tax purposes until the termination of the Master LeaseLease or the other Operative Documents.
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