Common use of No Tax Law Change Clause in Contracts

No Tax Law Change. Lessee shall not be obligated to carry out the transactions contemplated on such Delivery Date if a Change in Tax Law shall have occurred after the date of execution hereof and on or prior to such Delivery Date which would, in the reasonable opinion of Lessee, result in an adjustment pursuant to Section 2.6 which would increase by more than 50 basis points the present value (discounted at an interest rate per annum equal to the Debt Rate) of all payments of Basic Rent payable for the Units to be delivered on such Delivery Date.

No Tax Law Change. Lessee shall not be obligated to carry out the transactions contemplated on such the Delivery Date if a Change in Tax Law shall have occurred after the date of execution hereof and on or prior to such the Delivery Date which would, in the reasonable opinion of Lessee, result in an adjustment pursuant to Section 2.6 which would increase by more than 50 basis points the present value (discounted at an interest rate per annum equal to the Debt Rate) of all payments of Basic Rent payable for the Units to be delivered on such or prior to the Delivery Date.

No Tax Law Change. Lessee shall not be obligated to carry out the transactions contemplated on such Delivery Closing Date if a Change in Tax Law shall have occurred after the date of execution hereof and on or prior to such Delivery Closing Date which would, in the reasonable opinion of Lessee, result in an adjustment pursuant to Section 2.6 which would increase by more than 50 basis points the present value (discounted at an interest rate per annum equal to the Debt Rate) of all payments of Basic Rent payable for the Units to be delivered on such Delivery Closing Date.

No Tax Law Change. Lessee shall not be obligated to carry out the transactions contemplated on such Delivery the Closing Date if a Change in Tax Law shall have occurred after the date of execution hereof and on or prior to such Delivery the Closing Date which would, in the reasonable opinion of Lessee, result in an adjustment pursuant to Section 2.6 which would increase by more than 50 basis points the present value (discounted at an interest rate per annum equal to the Debt Rate) of all payments of Basic Rent payable for the Units to be delivered on such Delivery the Closing Date.