CONDITIONS OF LEASE a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … (number of vehicles)… electric vehicles, hereinafter referred to as E-Cars/E-vehicles, on dry lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein.
CONDITIONS OF LEASE. Based upon good and valuable mutual consideration, the Parties agree as follows:
CONDITIONS OF LEASE. ANERT hereby gives on lease and the CLIENT hereby takes on lease ……….. (Nos of vehicles)……………………….(Type of E car) electric vehicles, hereinafter referred to as E-Cars/E-vehicles, on dry lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein. The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed lease rent by the CLIENT. The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-vehicle. However the parties hereby agree that the ownership of the E-car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same. The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as final, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.
CONDITIONS OF LEASE. In addition to any other conditions contained in this Lease, Xxxxxx's obligations under this Lease are specifically conditioned upon (i) its ability to enter into an agreement with the Existing Tenant, in a form acceptable to Lessor in its sole discretion, to terminate the Existing Tenant's lease (the Existing Tenant has previously vacated the Premises), (ii) Lessor's approval of the financial condition, including a recent financial statement, of Xxxx Xxxxxx (who will be executing a Guaranty of this Lease covering damages not to exceed $120,000.00), (iii) the execution by Xxxx Xxxxxx of such Guaranty of Lease, and (iv) Lessee providing Lessor with a Certificate of Secretary and Incumbency Certificate indicating the authorization by the Board of Directors of Lessee to enter into this Lease and the authority of the person executing the same.
CONDITIONS OF LEASE. 3.1. Lessor shall deliver to Lessee for temporary use for the entire term of the lease all the Leased Assets in accordance with Attachment 1 (subject to any addendum thereto) in a condition permitting its normal operation.
CONDITIONS OF LEASE. The following are conditions on which this Lease is made and accepted:
CONDITIONS OF LEASE. These Terms and Conditions apply to all to all oral and written requests, quotations, offers and Agreements. The applicability of general terms and conditions of the Lessee is explicitly rejected by ALGECO. In the event that the content of the Agreement differs from the content of these Terms and Conditions, the content of the Agreement shall prevail. The invalidity of any provision of the Agreement and/or these Terms and Conditions does not affect the validity of the remaining provisions of the Agreement and these Terms and Conditions. Provisions of the Agreement and these Terms and Conditions, which by their nature are intended to remain in effect after termination of the Agreement, will remain in effect after termination of the Agreement. ALGECO is authorized to amend these Terms and Conditions unilaterally. In that case ALGECO shall inform the Lessee of the amendments in a timely manner. There shall be at least 30 days between the notification and the coming into effect of the amended Terms and Conditions.
CONDITIONS OF LEASE. The following conditions shall be met as requirements of this Lease:
CONDITIONS OF LEASE. Once the Lease Commencement Date has been established, the parties hereby agree to execute a declaration substantially in the form of Exhibit B attached hereto, setting forth the Lease Commencement Date and the termination date.
CONDITIONS OF LEASE. In addition to the conditions imposed under the Act, this Lease is issued subject to the following conditions:
