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Common use of True Lease Clause in Contracts

True Lease. Landlord and Tenant intend for this Lease to be a true lease and not a transaction creating a financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment.

Appears in 8 contracts

Samples: Lease Agreement (Aei Income & Growth Fund Xxi LTD Partnership), Assignment and Assumption of Lease (Aei Net Lease Income & Growth Fund Xix Limited Partnership), Assignment and Assumption of Lease (Aei Net Lease Income & Growth Fund Xx Limited Partnership)

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True Lease. Landlord and Tenant intend for agree that this Lease to be is a true lease and does not a transaction creating represent a financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, including income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment.

Appears in 7 contracts

Samples: Lease (Summit Healthcare REIT, Inc), Master Lease (Summit Healthcare REIT, Inc), Lease Agreement (Blackbaud Inc)

True Lease. Landlord and Tenant agree that the parties intend for this Lease to be constitute a true lease and not a transaction creating a financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, including income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment, subject to future modifications of accounting or tax rules or guidelines and subject to contrary determinations or positions by governmental agencies or the like.

Appears in 4 contracts

Samples: Lease (Dayton Superior Corp), Lease (Dayton Superior Corp), Lease (Dayton Superior Corp)

True Lease. Landlord and Tenant intend for agree that this Lease to be is a true lease and does not a transaction creating represent a financing arrangement. Each party shall take all reasonable steps to reflect the transaction transactions represented hereby by this Lease in all applicable books, records and reports (including, without limitation, income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment.

Appears in 3 contracts

Samples: Lease Agreement (Ugly Duckling Corp), Lease Agreement (Televideo Systems Inc), Purchase and Sale Leaseback Agreement (Ugly Duckling Corp)

True Lease. Landlord and Tenant agree that the parties intend for this Lease to be constitute a true lease and not a transaction creating a financing arrangement, joint venture or any other type of relationship other than that of landlord and tenant. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, including income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment, subject to future modifications of accounting or tax rules or guidelines and subject to contrary determinations or positions by governmental agencies or the like.

Appears in 2 contracts

Samples: Lease Agreement (Parlex Corp), Lease (Parlex Corp)

True Lease. Landlord and Tenant agree that the parties intend for this Lease to be constitute a true lease and not a transaction creating a financing arrangement. Each party Landlord and Tenant shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, including income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment, subject to future modifications of accounting or tax rules or guidelines and subject to contrary determinations or positions by governmental agencies or the like.

Appears in 1 contract

Samples: Lease Agreement (Biolife Solutions Inc)

True Lease. Landlord and Tenant intend for agree that this Lease to be is a true lease and does not a transaction creating represent a financing arrangement. Each party shall take all reasonable steps to reflect the transaction transactions represented hereby in all by applicable books, records and reports (including, without limitation, income tax filings) in a manner consistent with "true operating lease" treatment rather than "financing" treatment.

Appears in 1 contract

Samples: Lease Agreement (Source Interlink Companies Inc)

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True Lease. Landlord and Tenant intend for agree that this Lease to be is a true lease and does not a transaction creating represent a financing arrangement. Each party shall take all reasonable steps to reflect the transaction transactions represented hereby by this Lease in all applicable books, records and reports (including, without limitation, income tax filings) in a manner consistent with "true operating lease" treatment rather than "financing" treatment.

Appears in 1 contract

Samples: Lease Agreement (Source Interlink Companies Inc)

True Lease. Landlord and Tenant intend for agree that this Lease to be is a true lease and does not represent a transaction creating a :financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, including income tax tax. filings) in a manner consistent with ,"true lease" treatment rather than "financing" treatment.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund 25 LLC)

True Lease. Landlord and Tenant intend for agree that this Lease to be is a true lease and does not a transaction creating represent a financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, including income tax filings) in a manner consistent with "''true lease" treatment rather than "financing" treatment.

Appears in 1 contract

Samples: Commercial Lease (Neogenomics Inc)

True Lease. Landlord and Tenant agree that the parties intend for this Lease to be constitute a true lease and not a transaction creating a financing arrangement. Each party shall take all reasonable steps to reflect the transaction represented hereby in all applicable books, records and reports (including, without limitation, including income tax filings) in a manner consistent with "true lease" treatment rather than "financing" treatment, subject to future modifications of accounting or tax rules or guidelines and subject to contrary determinations or positions by governmental agencies or the like.

Appears in 1 contract

Samples: Lease Agreement (Bluestem Brands, Inc.)