Common use of Economic Life Clause in Contracts

Economic Life. The information contained in the Tax Certificate and the Internal Revenue Service Form 8038, setting forth the respective cost, economic life, ADR midpoint life, if any, under Rev. Proc. 83-35, 1983-1 C.B. 745, as supplemented and amended from time to time, and guideline life, if any, under Rev. Proc. 62-21, 1962-2 C.B. 118, as supplemented and amended from time to time, of each asset constituting the 1985 Project which was financed with the proceeds of the Prior Bonds is true, accurate and complete.

Appears in 2 contracts

Samples: Loan Agreement (Burlington Coat Factory Warehouse Corp), Loan Agreement (Burlington Coat Factory Warehouse Corp)

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Economic Life. The information contained in the Tax Certificate and the Internal Revenue Service Form 8038Certificate, setting forth the respective cost, economic life, ADR midpoint life, if any, under Rev. Proc. 8372-3510, 19831972-1 C.B. 745721, as supplemented and amended from time to time, and guideline life, if any, under Rev. Proc. 62-21, 1962-2 C.B. 118, as supplemented and amended from time to time, of each asset constituting the 1985 Project which was to be financed with the proceeds of the Prior Tax-exempt Bonds is true, accurate and complete.

Appears in 1 contract

Samples: Loan Agreement (Elite Pharmaceuticals Inc /De/)

Economic Life. The information contained in the Tax Certificate and the Internal Revenue Service Form 8038Certificate, setting forth the respective cost, economic life, ADR midpoint life, if any, under Rev. Proc. 8372-3510, 19831972-1 C.B. 745721, as supplemented and amended from time to time, and guideline life, if any, under Rev. Proc. 62-21, 1962-2 C.B. 118, as supplemented and amended from time to time, of each asset constituting the 1985 Project which was to be financed with the proceeds of the Prior Bonds is true, accurate and complete.

Appears in 1 contract

Samples: Bond Agreement (NeoStem, Inc.)

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Economic Life. The information contained in the Tax Certificate and the Internal Revenue Service Form 8038, Representation Letter setting forth the respective cost, economic life, ADR midpoint life, if any, under Rev. Proc. 8387-35, 1983-1 C.B. 74556, as supplemented and amended from time to time, and guideline life, if any, under Rev. Proc. 62-21, 1962-2 C.B. 118, as supplemented and amended from time to time, of each asset constituting the 1985 Project which was to be financed with the proceeds of the Prior Bonds Bond is true, accurate and complete.

Appears in 1 contract

Samples: Bond Agreement (Foilmark Inc)

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