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Certification by Lessee


Book Publication Date: Feb 2018
Description: Sample certification by lessee stating that it intends that more than 50% of the use of the equipment (as such term is defined in the lease) is to be in a trade or business of the lessee
Type: Contract Clauses
PLI Item #: 40703
Practice Area: Banking, Corporate & Securities, Tax
Keywords: "certification by lessee"; master lease agreement; qualified motor vehicle operating agreement; "Section 7701(h) Internal Revenue Code"; trade or business; owner of the equipment; Federal income tax purposes; middle-market leasing and syndication; middle-market lease; equipment lease; leasing company

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