Common use of Investment Tax Credits Clause in Contracts

Investment Tax Credits. Landlord expressly waives and relinquishes in favor of Tenant any rights to claim the benefit of or to use any federal or state investment tax credits that are currently, or may become, available during the Term as a result of any installation of any equipment, furniture or fixtures installed by Tenant in or on the Premises whether or not such items become a part of the realty and agrees, without cost or liability to Landlord, to execute and deliver to Tenant any election form reasonably required to evidence Tenant’s right to claim investment tax credits.

Appears in 7 contracts

Samples: Master Lease (Spirit MTA REIT), Master Lease Agreement (Spirit MTA REIT), Stock Purchase Agreement (Spirit Finance Corp)

AutoNDA by SimpleDocs

Investment Tax Credits. Landlord expressly waives and relinquishes in favor of Tenant any rights to claim the benefit of or to use any federal or state investment tax credits that are currently, or may become, available during the Term as a result of any installation of any equipment, furniture or fixtures installed by Tenant in or on the Premises whether or not such items become a part of the realty and agrees, without cost or liability to Landlord, agrees to execute and deliver to Tenant any election form reasonably required to evidence Tenant’s right to claim investment tax credits.

Appears in 2 contracts

Samples: Lease (Federal Signal Corp /De/), Lease (Federal Signal Corp /De/)

Investment Tax Credits. Landlord expressly waives and relinquishes in favor of Tenant any rights to claim the benefit of or to use any federal or state investment tax credits that are currently, or may become, available during the Term as a result of any installation of any equipment, furniture or fixtures installed by Tenant in or on the Premises whether or not such items become a part of the realty and agrees, without cost or liability to Landlord, to execute and deliver to Tenant any election form reasonably required to evidence TenantXxxxxx’s right to claim investment tax credits.

Appears in 1 contract

Samples: Master Lease (Spirit Finance Corp)

AutoNDA by SimpleDocs

Investment Tax Credits. Landlord expressly waives and relinquishes in favor of Tenant any rights to claim the benefit of or to use any federal or state investment tax credits that are currently, or may become, available during the Lease Term as a result of any installation of any equipment, furniture or fixtures installed by Tenant in or on the Premises Property whether or not such items become a part of the realty and agrees, without cost or liability to Landlord, agrees to execute and deliver to Tenant any election form reasonably required to evidence Tenant’s 's right to claim investment tax credits.

Appears in 1 contract

Samples: Lease (One Liberty Properties Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.