Existing Owned Equipment Sample Clauses

Existing Owned Equipment. As of the Effective Date: (i) Empire shall sell, and IBM shall purchase, the Existing Owned Equipment as identified in Schedule F, and (ii) IBM shall be operationally, administratively, and financially responsible for all Existing Owned Equipment. Empire shall execute a ▇▇▇▇ of Sale in the form set forth as Schedule R to evidence such conveyance. The purchase price shall be as set forth in such ▇▇▇▇ of Sale, and shall be paid by IBM within ten (10) days of the Effective Date.