Common use of Leasing Option Clause in Contracts

Leasing Option. CoreBlox may from time to time, in its sole discretion, offer Client with the option of leasing Products or Services through a third party instead of directly purchasing them from CoreBlox. The Client must provide CoreBlox with notice and the identity of the lessor before CoreBlox accepts the applicable Order. The exercise of this option is subject to acceptance by CoreBlox on terms and conditions established by CoreBlox in its sole discretion, which shall include: (i) prior to shipment of the Products or commencement of the Services, Client must provide CoreBlox with the lessor’s purchase order; and (ii) no later than five (5) days after the delivery of all of subject Products or commencement of the subject Services, Client must provide CoreBlox and the lessor with a signed “Certificate of Acceptance” or other similar document used to confirm the lease arrangement for the applicable Products and/or Services. Client shall be solely responsible for the lease transaction, and shall remain liable for all of its payment obligations and other obligations hereunder notwithstanding such lease.

Leasing Option. CoreBlox may from time to time, in its sole discretion, offer Client with the option of leasing Products or Services through a third party instead of directly purchasing them from CoreBlox. The Client must provide CoreBlox with notice and the identity of the lessor before CoreBlox accepts the applicable Order. The exercise of this option is subject to acceptance by CoreBlox on terms and conditions established by CoreBlox in its sole discretion, which shall include: (i) prior to shipment of the Products or commencement of the ServicesProducts, Client must provide CoreBlox with the lessor’s purchase order; and (ii) no later than five (5) days after the delivery of all of subject Products or commencement of the subject ServicesProducts, Client must provide CoreBlox and the lessor with a signed “Certificate of Acceptance” or other similar document used to confirm the lease arrangement for the applicable Products and/or Services. Client shall be solely responsible for the lease transaction, and shall remain liable for all of its payment obligations and other obligations hereunder notwithstanding such lease.