Common use of Lessee's Duty to Return Equipment Upon Default Clause in Contracts

Lessee's Duty to Return Equipment Upon Default. If Lessor or any assignee of Lessor shall terminate this Lease with respect to any Units pursuant to this Section 15 and shall have provided to Lessee the written demand specified in Section 15.1(b) with respect to such Units, Lessee shall forthwith deliver possession of the Units not then subject to a Sublease to Lessor (except where Lessor has received all amounts payable by Lessee pursuant to any notice provided by Lessor under Section 15.1(e)(iii)). For the purpose of delivering possession of any Unit not then subject to a Sublease to Lessor as above required, Lessee shall at its own cost, expense and risk (except as hereinafter stated):

Appears in 12 contracts

Samples: Equipment Lease Agreement (Trinity Industries Inc), Equipment Lease Agreement (Trinity Industries Inc), Equipment Lease Agreement (Trinity Industries Inc)

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Lessee's Duty to Return Equipment Upon Default. If Lessor or any assignee of Lessor shall terminate this Lease with respect to any Units pursuant to this Section 15 and shall have provided to Lessee the written demand specified in Section 15.1(b) with respect to such Units), Lessee shall forthwith deliver possession of the Units not then subject to a Sublease to Lessor (except where Lessor has received all amounts payable by Lessee Lease Agreement (TRLI 2001-1B) pursuant to any notice provided by Lessor under Section 15.1(e)(iii)). For the purpose of delivering possession of any Unit not then subject to a Sublease to Lessor as above required, Lessee shall at its own cost, expense and risk (except as hereinafter stated):

Appears in 2 contracts

Samples: Lease Agreement (Trinity Industries Inc), Lease Agreement (Trinity Industries Inc)

Lessee's Duty to Return Equipment Upon Default. If Lessor or any assignee of Lessor shall terminate this Lease with respect to the leasing of any or all Units pursuant to this Section 15 and shall have provided to Lessee the written demand specified in Section 15.1(b) with respect to such Units, Lessee shall forthwith deliver possession of the such Units not then subject to a Sublease to Lessor (except where Lessor has received all amounts payable by Lessee pursuant to any notice provided by Lessor under Section 15.1(e)(iii)). For the purpose of delivering possession of any Unit not then subject to a Sublease to Lessor as above required, Lessee shall at its own cost, expense and risk (except as hereinafter stated):

Appears in 2 contracts

Samples: Equipment Lease Agreement (Union Tank Car Co), Equipment Lease Agreement (Union Tank Car Co)

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Lessee's Duty to Return Equipment Upon Default. If Lessor or any assignee of Lessor shall terminate this Lease with respect to any Units pursuant to this Section 15 and shall have provided to Lessee the written demand specified in Section 15.1(b) with respect to such Units), Lessee shall forthwith deliver possession of the Units not then subject to a Sublease to Lessor (except where Lessor has received all amounts payable by Lessee pursuant to any notice provided by Lessor under Section 15.1(e)(iii)). For the purpose of delivering possession of any Unit not then subject to a Sublease to Lessor as above required, Lessee shall at its own cost, expense and risk (except as hereinafter stated):

Appears in 1 contract

Samples: Equipment Lease Agreement (Trinity Industries Inc)

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