Common use of Lease Line Clause in Contracts

Lease Line. The total Lessor's Cost of all units of Equipment under all Equipment Schedules pursuant to this Lease Line Schedule shall not exceed $2,000,000 (the "Commitment"). "Lessor's Cost" means, with respect to a unit of Equipment, the total cost to Lessor of purchasing such unit, as indicated on the applicable Equipment Schedule. Lessor's obligation to fund Equipment Schedules under the Commitment shall terminate on April 30, 1999 (the "Commitment Termination Date"). The minimum Lessor's Cost for each Delivery & Acceptance Certificate shall be $10,000.00.

Appears in 1 contract

Sources: Lease Agreement (Critical Path Inc)

Lease Line. The total Lessor's ’s Cost of all units of Equipment under all Equipment Schedules pursuant to this Lease Line Schedule shall not exceed $2,000,000 2,000,000.00 (the "Commitment"). "Lessor's ’s Cost" means, with respect to a unit of Equipment, the total cost to Lessor of purchasing such unit, as indicated on the applicable Equipment Schedule. Lessor's ’s obligation to fund Equipment Schedules under the Commitment shall terminate on April 30December 22, 1999 2003 (the "Commitment Termination Date"). The minimum Lessor's ’s Cost for each Delivery & Acceptance Certificate shall be $10,000.00.

Appears in 1 contract

Sources: Master Equipment Lease Agreement (Rigel Pharmaceuticals Inc)