Nature of Transaction. (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor will be treated as the owner and the lessor of the Properties and the Lessee will be treated as the lessee of the Properties pursuant to an operating lease under GAAP and (ii) for federal and all state and local income tax purposes, state real estate and commercial law and bankruptcy purposes,
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Samples: Participation Agreement (Lam Research Corp), Participation Agreement (Lam Research Corp)
Nature of Transaction. (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor Trust will be treated as the owner and the lessor of the Properties Property and the Lessee will be treated as the lessee of the Properties pursuant to an operating lease under GAAP Property and (ii) for federal and all state and local income tax purposes, state real estate and commercial law and bankruptcy purposes,
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Samples: Construction Agency Agreement (Mondavi Robert Corp), Participation Agreement (Mondavi Robert Corp)
Nature of Transaction. (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor Trust will be treated as the owner and the lessor of the Properties Equipment and the Lessee will be treated as the lessee of the Properties pursuant to an operating lease under GAAP Equipment and (ii) for all other purposes, including federal and all state and local income tax purposes, state real estate and commercial law and bankruptcy purposes,
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Samples: Participation Agreement (Mail Well Inc), Equipment Lease (Mail Well Inc)
Nature of Transaction. (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor Trust will be treated as the owner and the lessor of the Properties Property and the Lessee will be treated as the lessee of the Properties pursuant to an operating lease under GAAP Property and (ii) for all other purposes, including federal and all state and local income tax purposes, state real estate and commercial law and bankruptcy purposes,
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Nature of Transaction. (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor will be treated as the owner and the lessor of the Properties and the Lessee will be treated as the lessee of the Properties pursuant to an operating lease under GAAP and (ii) for federal and all state and local income tax purposes, state real estate and commercial law and bankruptcy purposes,
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Nature of Transaction. (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor will be treated as the owner and the lessor of the Properties and the Lessee will be treated as the lessee of the Properties pursuant to an operating lease under GAAP and (ii) for federal and all state and local income tax other purposes, state real estate and commercial law and bankruptcy purposes,including
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Nature of Transaction. (a) The parties hereto intend that (i) for financial accounting purposes with respect to the Lessee, the Lessor Trust will be treated as the owner and the lessor of the Properties Property and the Lessee will be treated as the lessee of the Properties pursuant to an operating lease under GAAP Property and (ii) for all other purposes, including federal and all state and local income tax purposes, state real estate and commercial law and bankruptcy purposes,, MW 1997-1 Trust Participation Agreement
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