Common use of Relocation or Sublease Clause in Contracts

Relocation or Sublease. Upon prior written notice, Lessee may relocate Equipment to any location within the continental United States provided (i) the Equipment will not be used by an entity exempt from federal income tax, and (ii) all additional costs (including any administrative fees, additional taxes and insurance coverage) are reconciled and promptly paid by Lessee.

Appears in 1 contract

Sources: Master Lease Agreement (Chorum Technologies Inc)

Relocation or Sublease. Upon prior written notice, Lessee may relocate Equipment to any location within the continental United States provided (i) the Equipment will not be used by an entity exempt from federal income tax, tax and (iiif) all additional costs (including any administrative fees, fees additional taxes and insurance coverage) are reconciled and promptly paid by Lessee.

Appears in 1 contract

Sources: Master Lease Agreement (Endocardial Solutions Inc)