Legal and Tax Representation. Lessee acknowledges and agrees that none of Lessor, Arranger, any Participant or Agent has made any representations and warranties concerning the tax, accounting or legal characteristics of this Lease and that Lessee has obtained and relied on such tax, accounting and legal advice regarding this Lease and the other Operative Documents as it deems appropriate.
Legal and Tax Representation. Deepwater acknowledges and ------------------------------- agrees that none of the Trustees, the Investment Trust, any Agent or any Funding Participant has made any representation or warranty concerning the tax, accounting or legal characteristics of the Charter or any of the other Transaction Documents, and that Deepwater has obtained and relied on such tax, accounting and legal advice regarding the Charter and the other Transaction Documents as its deems appropriate. Each of the Charter Trustee, Investment Trust and each Funding Participant acknowledges and agrees that it has obtained and reviewed the Transaction Documents and the various items delivered in connection therewith, and on such tax, accounting and legal advice regarding the Charter and the other Transaction Documents as it deems appropriate.
Legal and Tax Representation. Lessee acknowledges and agrees that none of Lessor, any Investor, any Noteholder, Trustee, Collateral Agent or Agent has made any representation or warranty concerning the tax, accounting or legal characteristics of the Lease or any of the other Basic Documents, and that Lessee has obtained and relied on such tax, accounting and legal advice regarding the Lease, the Guaranty and the other Basic Documents as it deems appropriate. Each of Lessor, each Investor, each Noteholder, Collateral Agent and Agent acknowledges and agrees that it has obtained and relied on the Basic Documents and the various items delivered in connection therewith, and on such tax, accounting and legal advice regarding the Lease, the Guaranty and the other Basic Documents as it deems appropriate.
Legal and Tax Representation. Lessee acknowledges and ---------------------------- agrees that none of Administrative Agent, Documentation Agent, Arranger, Trustee, Lessor or any Lender has made any representation or warranty concerning the tax, accounting or legal characteristics of the Lease or any of the other Operative Documents, and that Lessee has obtained and relied on such tax, accounting and legal advice regarding the Lease and the other Operative Documents as it deems appropriate. Each of Trustee, Lessor and each Lender acknowledges and agrees that it has obtained and relied on the Operative Documents and the various items delivered in connection therewith, and on such tax, accounting and legal advice regarding the Lease and the other Operative Documents as it deems appropriate without reliance on Trustee, Lessor, Arranger, Administrative Agent or any other Lender. Without in any way limiting the foregoing or Section 3.8 of the Lease, each of the parties hereto acknowledges ----------- and agrees that Lessee shall be the owner of the Equipment for Federal income tax purposes.
Legal and Tax Representation. Each of the Pooling Shareholders acknowledges that either (i) he/she or it has been represented by separate legal counsel and tax advice in the execution of this Agreement or (ii) he has been advised to obtain representation by separate legal counsel and a tax advisor in the execution of this Agreement and declined to do so.
Legal and Tax Representation. Lessee and Sublessee acknowledge and agree that neither Trustee nor any Holder has made any representation or warranty concerning the tax, accounting or legal characteristics of the Lease or any of the other Operative Documents, and that Lessee and Sublessee have obtained and relied on such tax, accounting and legal advice regarding the Lease and the other Operative Documents as it deems appropriate. Each of Trustee and each Holder acknowledges and agrees that it has obtained and relied on the Operative Documents and the various items delivered in connection therewith, and on such tax, accounting and legal advice regarding the Lease and the other Operative Documents as it deems appropriate without reliance on Trustee, Arranger or any other Holder.
Legal and Tax Representation. Lessee acknowledges and agrees that neither Agent, Trustee nor any Lender has made any representation or warranty concerning the tax, accounting or legal characteristics of the Lease or any of the other Operative Documents, and that Lessee has obtained and relied on such tax, accounting and legal advice regarding the Lease and the other Operative Documents as it deems appropriate. Each of Trustee and each Lender acknowledges and agrees that it has obtained and relied on the Operative Documents and the various items delivered in connection therewith, and on such tax, accounting and legal advice regarding the Lease and the other Operative Documents as it deems appropriate. SECTION 2.12. Amortization Schedule. Schedule VI sets forth the mandatory principal amortization schedule for the Loans (the "Amortization Schedule"). Lenders will receive principal payments on each scheduled principal Payment Date so as to cause all of the Loans to amortize as set forth on the Amortization Schedule. Each Note or the Notes will reflect mandatory principal amortization equal to the product of (i) such Lender's Commitment Percentage and (ii) the aggregate amount payable to Lenders on such Payment Date pursuant to the preceding sentence. SECTION 2.13.
Legal and Tax Representation. Each of Lessee, Guarantor, Trustee, Administrative Agent and each Certificate Purchaser acknowledges and agrees that none of the parties to this Lease has provided any assurances or covenants concerning the tax, accounting or legal characteristics of this Lease and that each of the parties to this Lease has obtained and relied on such tax, accounting and legal advice regarding this Lease and the other Operative Documents as it deems appropriate.
Legal and Tax Representation. Lessee acknowledges and ---------------------------- agrees that neither Lessor nor any Certificate Purchaser has made any representation or warranty concerning the tax, accounting or legal characteristics of this Lease or any of the other Operative Documents, and that Lessee has obtained and relied on such tax, accounting and legal advice regarding this Lease and the other Operative Documents as it deems appropriate. Each of Lessor and each Certificate Purchaser acknowledges and agrees that it has obtained and relied on the Operative Documents and the various items delivered in connection therewith, and on such tax, accounting and legal advice regarding this Lease and the other Operative Documents as it deems appropriate.
Legal and Tax Representation. Each Lessee acknowledges and agrees that none of the Administrative Agent, Arranger, Co-Agents, Lead Manager, Trustee, Bank or any Lender has made any representation or warranty concerning the tax, accounting or legal characteristics of the Master Lease or any of the other Operative Documents, and that such Lessee has obtained and relied on such tax, accounting and legal advice regarding the Master Lease and the other Operative Documents as it deems appropriate. Each of Trustee and each Lender acknowledges and agrees that it has obtained and relied on the Operative Documents and the various items delivered in connection therewith, and on such tax, accounting and legal advice regarding the Master Lease and the other Operative Documents as it deems appropriate.
