Designation as Qualified Tax-Exempt Obligation. Pursuant to Section 265(b)(3)(B)(ii) of the Internal Revenue Code of 1986 as amended (the “Code”), the Lessee hereby specifically designates the Agreement and this Schedule as a “qualified tax-exempt obligation” for purposes of Section 265(b)(3) of the Code. In compliance with Section 265(b)(3)(D) of the Code, the Lessee hereby represents that the Lessee will not designate more than $10,000,000 of obligations issued by the Lessee in the calendar year during which the Agreement is executed and delivered as such “qualified tax-exempt obligations”.
Appears in 5 contracts
Samples: Master Lease Purchase Agreement, Lease Purchase Agreement, Master Lease Purchase Agreement
Designation as Qualified Tax-Exempt Obligation. Pursuant to Section 265(b)(3)(B)(ii265(b)(3)(B)(i) of the Internal Revenue Code of 1986 as amended (the “Code”), the Lessee hereby specifically designates the Agreement and this above referenced Schedule as a “qualified tax-exempt obligation” for purposes of Section 265(b)(3) of the Code. In compliance with Section 265(b)(3)(D) of the Code, the Lessee hereby represents that the Lessee will not designate more than $10,000,000 of obligations issued by the Lessee in the calendar year during which the Agreement above referenced Schedule is executed and delivered as such “qualified tax-exempt obligations”.
Appears in 1 contract
Samples: Lease Purchase Agreement
