Lessor proposes Clause Samples

Lessor proposes. (a) to issue Notes under this Participation Agreement to the Lenders as evidence of the making of secured loans by such Lenders to Lessor in an aggregate principal amount equal to such Lenders' Commitment for each such Units purchased by Lessor on such Closing Date; (b) to purchase such Units from the Lessee and the other sellers thereof and to pay the Equipment Cost for such Units; (c) to enter into with Lessee the Lease (if not previously entered into) and a Lease Supplement subjecting such Units to the Lease; (d) to execute and deliver a Security Agreement Supplement subjecting the Units to be purchased by Lessor on such Closing Date to the Lien of the Security Agreement; and (e) to execute and deliver each of the other Operative Documents to which it is a party.