Acceptance and Lease. Lessor hereby agrees (subject to satisfaction or waiver of the conditions set forth in Article III) to accept delivery of each Item of Equipment from the sellers thereof and to lease such Item of Equipment to Lessee hereunder, and Lessee hereby agrees, immediately following such acceptance by Lessor, to lease from Lessor hereunder each such Item of Equipment, such acceptance by Lessor and lease by Lessee to be evidenced by the execution and delivery by Lessee and Lessor of this Lease, all in accordance with Article III. Lessee hereby agrees that its execution and delivery of this Lease shall, without further act, as between Lessor and Lessee irrevocably constitute an agreement by Lessee to lease each Item of Equipment for all purposes of this Lease.
Appears in 4 contracts
Samples: Lease and Security Agreement (Lsi Logic Corp), Lease and Security Agreement (Lsi Logic Corp), Lease and Security Agreement (Lsi Logic Corp)
