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Project Note to the Holder or affects any method used or calculation <br />involved in determining any federal tax, or (ii) the deductibility of <br />any amount attributable or deemed to be attributable, directly or in- <br />directly, to the purchase or carrying of the Project Note is adversely <br />affected, then, upon written notice to such effect from the Holder to <br />the Owner, which notice shall set forth the dates as of which any pay- <br />ment may have become subject to such preference, excess profits or other <br />federal tax or such deductibility shall have been affected, the Owner <br />shall pay to the Holder in immediately available funds an amount which, <br />after giving effect to all taxes, interest, penalties, additions to tax <br />and other charges required to be paid by the Holder as a result of, <br />attributable to or in respect of such payment, shall be equal to the <br />amount of any such preference, excess profits or other federal taxes and <br />any interest, penalties and additions to tax which are payable by the <br />Holder as a consequence of such change (computed on the assumption that <br />taxes are payable by the Holder at the highest marginal statutory rate <br />of tax imposed on corporations), it being the intent and purpose of the <br />parties hereto that the profit of the Holder with respect to the payment <br />of interest to it on the Project Note shall not be diminished by any <br />such change in the Code (whether through or as a result of direct or <br />indirect federal taxation of the interest on or principal of the Project <br />Note, the disallowance of a deduction or otherwise). Notwithstanding <br />the foregoing provisions hereof, no payment by the Owner shall be re- <br />quired in respect of a preference, excess profits or other federal tax <br />to which this provision relates to the extent that such tax is imposed <br />and computed without regard to whether interest on the Project Note is <br />17