Common use of Claims Excluded Clause in Contracts

Claims Excluded. The following are excluded from TILC's agreement to indemnify under this Section 7.3: (i) Claims attributable to acts or events occurring after the termination of the Lease or the expiration of the Lease Term; and (ii) Claims which are Taxes or any loss of tax benefits or increases in tax liability (provided that this clause (ii) shall not preclude a Claim from being paid on an After-Tax Basis);

Appears in 12 contracts

Sources: Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc), Participation Agreement (Trinity Industries Inc)