Common use of Substantial Authority Clause in Contracts

Substantial Authority. For Federal income tax purposes, shall have the meaning applicable for purposes of Section 6662 of the Code and relevant Treasury regulations. Supplemental Rent. All amounts, liabilities and obligations which the Lessee assumes or agrees to perform or pay under the Lease or under the Participation Agreement or Tax Indemnity Agreement or any Ancillary Agreement or any other Operative Agreement to the Lessor, the Owner Participant or others, including, without limitation, payments of Stipulated Loss Value, EBO Price and amounts calculated by reference to Termination Value and all amounts required to be paid by Lessee under the agreements, covenants and indemnities contained in the Lease or in the Participation Agreement or the Tax Indemnity Agreement or any other Operative Agreement, but excluding Interim Rent and Basic Rent.

Appears in 4 contracts

Samples: Participation Agreement (Federal Express Corp), Trust Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp)

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