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 pursuant to this Section 15 and shall have provided to Lessee the written demand specified in Section 15.1(b), Lessee shall forthwith deliver possession of the Equipment 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 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 (General American Railcar Corp Ii), Equipment Lease Agreement (General American Railcar Corp Ii)

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Lessee's Duty to Return Equipment Upon Default. If ---------------------------------------------- Lessor ---------------------------------------------- or any assignee of Lessor shall terminate this Lease pursuant to this Section 15 and shall have provided to Lessee the written demand specified in Section 15.1(b), Lessee shall forthwith deliver possession of the Equipment 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 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 (Gatx Rail Corp)

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Lessee's Duty to Return Equipment Upon Default. If Lessor ---------------------------------------------- or any assignee of Lessor shall terminate this Lease pursuant to this Section 15 and shall have provided to Lessee the written demand specified in Section 15.1(b), Lessee shall forthwith deliver possession of the Equipment 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 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 (Gatx Rail Corp)

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