Section 1110. It is the intention of the parties hereto that the Lease, to the fullest extent available under applicable law, entitles Lessor to the benefits of Section 1110 with respect to the Aircraft. In the furtherance of the forgoing, the parties hereby confirm that the Lease is to be treated as a lease for U.S. federal income tax purposes. Nothing contained in this paragraph shall be construed to limit Lessee’s use and operation of the Aircraft under the Lease or constitute a representation or warranty by any party as to tax consequences.
Appears in 5 contracts
Sources: Purchase Agreement (American Airlines, Inc.), A320 Family Aircraft Purchase Agreement (American Airlines, Inc.), A320 Family Aircraft Purchase Agreement (Amr Corp)
Section 1110. It is the intention of the parties hereto that the this Lease, to the fullest extent available under applicable law, entitles Lessor to the benefits of Section 1110 with respect to the Aircraft. In the furtherance of the forgoingforegoing, the parties Lessor and Lessee hereby confirm that the this Lease is to be treated as a lease for U.S. federal income tax purposes. Nothing contained in this paragraph shall be construed to limit Lessee’s use and operation of the Aircraft under the this Lease or constitute a representation or warranty by any party Lessee as to tax consequences.
Appears in 5 contracts
Sources: Purchase Agreement (American Airlines, Inc.), A320 Family Aircraft Purchase Agreement (American Airlines, Inc.), A320 Family Aircraft Purchase Agreement (Amr Corp)
Section 1110. It is the intention of the parties hereto that the LeaseLessor shall, to the fullest extent available possible under applicable law, entitles Lessor be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the Aircraft. In the furtherance of the forgoingforegoing, the parties Lessor and ▇▇▇▇▇▇ hereby confirm that the this Lease is to be treated as a lease for U.S. federal income tax purposes. Nothing contained in this paragraph shall be construed to limit Lessee▇▇▇▇▇▇’s use and operation of the Aircraft under the this Lease or constitute a representation or warranty by any party Lessor, Owner Participant or Lessee as to tax consequences.
Appears in 4 contracts
Sources: Aircraft Operating Lease Agreement (Global Crossing Airlines Group Inc.), Aircraft Operating Lease Agreement (Global Crossing Airlines Group Inc.), Aircraft Operating Lease Agreement (Global Crossing Airlines Group Inc.)
Section 1110. It is the intention of the parties hereto that the LeaseLessor shall, to the fullest extent available possible under applicable law, entitles Lessor be entitled to the benefits of Section 1110 of the Bankruptcy Code with respect to the Aircraft. In the furtherance of the forgoingforegoing, the parties Lessor and L▇▇▇▇▇ hereby confirm that the this Lease is to be treated as a lease for U.S. federal income tax purposes. Nothing contained in this paragraph shall be construed to limit LesseeL▇▇▇▇▇’s use and operation of the Aircraft under the this Lease or constitute a representation or warranty by any party Lessor, Owner Participant or Lessee as to tax consequences.
Appears in 1 contract
Sources: Aircraft Operating Lease Agreement (Global Crossing Airlines Group Inc.)
Section 1110. It is the intention of the parties hereto that the this Lease, to the fullest extent available under applicable law, entitles Lessor to the benefits of Section 1110 with respect to the Aircraft. In the furtherance of the forgoingforegoing, the parties Lessor and Lessee hereby confirm that the this Lease is to be treated as a lease for U.S. federal Federal income tax purposes. Nothing contained in this paragraph shall be construed to limit Lessee’s 's use and operation of the Aircraft under the this Lease or constitute a representation or warranty by any party Lessee as to tax consequences.
Appears in 1 contract