Taxable Treatment. If the financing of Property pursuant to a Property Schedule hereunder is deemed taxable, the parties acknowledge that interest payable under the corresponding Payment Schedule will be included in gross income for federal income tax purposes, and Lessor has offered the financing at the interest rate set forth in the applicable Payment Schedule without respect to the availability of any tax-exempt rate.
Appears in 4 contracts
Samples: Master Lease Purchase Agreement, Master Lease Purchase Agreement, Master Lease Purchase Agreement
