Common use of True Lease Clause in Contracts

True Lease. This Lease is intended as, and shall constitute, an agreement of lease, and nothing herein shall be construed as conveying to Tenant any right, title or interest in or to the Property nor to any remainder or reversionary estates in the Property held by any entity or person, except, in each instance, as a Tenant. Under no circumstances shall this Lease be regarded as an assignment of all of Landlord's interests in and to the Property or the Suite; instead Landlord and Tenant shall have the relationship between them of landlord and tenant, pursuant to the provisions of this Lease. Landlord and Tenant each shall reflect the transaction represented herein in all applicable books and records (including income tax returns) in a manner consistent with "true lease" treatment, rather than "financing treatment".

True Lease. This Lease is intended as, and shall constitute, an agreement of lease, and nothing herein shall be construed as conveying to the Tenant any right, title or interest in or to the Property Premises nor to any remainder or reversionary estates in the Property Premises held by any entity or personPerson, except, in each instance, as a Tenant. Under no circumstances shall this Lease be regarded as an assignment of all of Landlord's interests in and to the Property or the SuitePremises; instead Landlord and Tenant shall have the relationship between them of landlord and tenant, pursuant to the provisions of this Lease. Landlord and Tenant each shall reflect the transaction represented herein in all applicable books and records (including income tax returns) in a manner consistent with "true lease" treatment, rather than "financing treatment".

True Lease. This Lease is intended as, and shall constitute, an agreement of lease, and nothing herein shall be construed as conveying to the Tenant any right, title or interest in or to the Property Premises nor to any remainder or reversionary estates in the Property Premises held by any entity or personPerson, except, in each instance, as a Tenanttenant. Under no circumstances shall this Lease be regarded as an assignment of all of Landlord's interests in and to the Property or the SuitePremises; instead Landlord and Tenant shall have the relationship between them of landlord and tenant, pursuant to the provisions of this Lease. Landlord and Tenant each shall reflect the transaction represented herein in all applicable books and records (including income tax returns) in a manner consistent with "true lease" treatment, rather than "financing treatment".