Common use of Conditions Precedent to Leasing Clause in Contracts

Conditions Precedent to Leasing. (i) Lessor shall have no obligation to purchase any Equipment for lease to Lessee under any Schedule hereunder unless or until acceptable documentation, the form of which will be provided by Lessor has been executed by Lessee and delivered to Lessor; (ii) Lessor has confirmed with Lessee that no material adverse change in Lessee's financial condition and business prospects has occurred prior to each purchase of Equipment.

Appears in 2 contracts

Samples: Master Lease Agreement (Iown Holdings Inc), Master Lease Agreement (Appliedtheory Corp)

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Conditions Precedent to Leasing. (i) Lessor shall have no not obligation to purchase any Equipment for lease to Lessee under any Schedule hereunder unless or until acceptable documentation, the form of which will be provided by Lessor has been executed by Lessee and delivered to Lessor; (ii) Lessor has confirmed with Lessee that no material adverse change in Lessee's financial condition and business prospects has occurred prior to each purchase of Equipment.

Appears in 1 contract

Samples: Oregon Baking Co Dba Marsee Baking

Conditions Precedent to Leasing. (i) Lessor shall have no obligation to purchase any Equipment for lease to Lessee under any Schedule hereunder unless or until acceptable documentation, the form of which will be provided by Lessor has been executed by Lessee and delivered to Lessor; (ii) Lessor has confirmed with Lessee that no material adverse change in Lessee's financial condition and business prospects has occurred prior to each purchase of Equipment.

Appears in 1 contract

Samples: Medical Technology Systems Inc /De/

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Conditions Precedent to Leasing. (i) Lessor shall have no obligation to purchase any Equipment for lease to Lessee under any Schedule hereunder unless or until acceptable documentation, the form of which will be provided by Lessor has been executed by Lessee and delivered to Lessor; : (ii) Lessor has confirmed with Lessee that no material adverse change in Lessee's financial condition and business prospects has occurred prior to each purchase of Equipment.

Appears in 1 contract

Samples: Placeware Inc

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