Common use of Representations of Lessee Clause in Contracts

Representations of Lessee. Lessee represents and warrants that: (i) Lessee is a duly constituted, organized and validly existing political subdivision existing under the laws of the State of Texas and is authorized to lease personal property and to sell or lease or otherwise dispose of personal property; (ii) Lessee has full power, authority, and legal right to execute, deliver and perform the agreements on its part contained in this Lease; (iii) the person or persons executing this Lease on behalf of Lessee have been duly authorized under the laws of the State of Texas and a duly adopted resolution of Lessee’s governing body is in full force and effect on the date hereof to execute this Lease on behalf of Lessee and to obligate Lessee hereunder; (iv) Lessee has taken all necessary steps or complied with all procedures required for the authorization and execution of this Lease; (v) all Lease Payments which are to be made hereunder will be paid out of funds which are legally available for such purpose; (vi) Lessee has obtained or made, or does not require, the approval of or the giving of notice to any Federal, State, local or foreign governmental authority in order to enter into this Lease; (vii) Lessee is not required to submit this Lease to Lessee’s electorate for approval; (viii) Lessee, by entering into this Lease, does not violate any law binding on Lessee or contravene any indenture, credit Lease, or any other agreement under which Lessee is a party or by which it is bound; (ix) this Lease constitutes a legal, valid and binding obligation of Lessee, enforceable in accordance with its terms; (x) there are no pending or threatened actions or proceedings before any court, administrative agency or other tribunal or body or judgments which may materially adversely affect Lessee’s financial condition or operations; (xi) the Equipment is personal property and is not now nor will it become either real property or a fixture or inventory; (xii) the use of the Equipment is essential, necessary, useful, and appropriate to the lawful purposes of Lessee and in the discharge of its duties as a governmental body; (xiii) the execution of this Lease does not constitute a default in any other agreement of Lessee; (xiv) there is not existing, and Lessee will not directly or indirectly create, incur, assume or suffer to exist, any mortgage, security interest, pledge, lien, charge, encumbrance or claim on or with respect to the Equipment, title thereto or any interest therein, except the respective rights of Bank and Lessee under this Lease and further excepting any mortgage, security interest, pledge, lien or encumbrance granted by Bank; (xv) the Equipment is of size, design, capacity and manufacture selected by Lessee and will be suitable for Lessee’s purposes; (xvi) Lessee will cause to be done, executed, acknowledged and delivered all such further acts, instruments, conveyances and assurances as Bank shall require for accomplishing the purposes of this Lease;

Appears in 1 contract

Sources: Equipment Lease Purchase Agreement

Representations of Lessee. Lessee represents covenants, represents, and warrants to Lessor that: : (ia) Lessee is a corporation duly constitutedorganized, organized and validly existing political subdivision existing and in good standing under the laws of the State of Texas Ohio, is qualified to do business in each jurisdiction in which such qualification to do business is necessary in order for Lessee to carry on its business and to perform its obligations hereunder, and is authorized to lease personal property and to sell or lease or otherwise dispose of personal property; (ii) Lessee has full power, authority, and legal right to execute, deliver and perform the agreements on its part contained in this Lease; (iii) the person or persons executing this Lease on behalf of Lessee have been duly authorized good standing under the laws of each jurisdiction in which it is so qualified and has the State of Texas corporate power and a duly adopted resolution of Lessee’s governing body is in full force authority to carry on its business and effect on the date hereof to execute this Lease on behalf of Lessee and to obligate Lessee hereunder; (iv) Lessee has taken all necessary steps or complied with all procedures required for the authorization and execution of this Lease; (v) all Lease Payments which are to be made hereunder will be paid out of funds which are legally available for such purpose; (vi) Lessee has obtained or made, or does not require, the approval of or the giving of notice to any Federal, State, local or foreign governmental authority in order to enter into and perform its obligation under this Lease; . (viib) Lessee is not required to submit this This Lease to has been duly authorized by all necessary corporate action, if any, on the part of Lessee’s electorate for approval; (viii) Lessee, by entering into this Lease, does not violate require any law binding stockholder approval or other approval or consent, and neither the execution and delivery thereof by Lessee nor the consummation of the transaction contemplated hereby nor compliance by Lessee with any of the terms and provisions hereof nor the operation of the Aircraft by Lessee will contravene any law, judgment, governmental rule, regulation or order applicable to or finding on Lessee Lessee, or contravene or result in any indenture, credit Leasebreach of, or constitute any default under, or result in the creation of any Lien, charge or encumbrance (other than is permitted hereunder) upon any property of Lessee under any agreement under or instrument to which Lessee is a party or by which it is bound; Lessee or its properties may be bound or affected. (ixc) Neither the execution, delivery, and performance by Lessee of this Lease nor the consummation of any of the transactions by Lessee contemplated hereby requires the consent or approval of, the giving of notice to, or the registration with, or the taking of any other action in respect of, the FAA or any other federal, state or foreign governmental authority or agency or other Person, or, if any such approval, notice, registration or action is required, it has been duly given or obtained. (d) This Lease has been executed by a duly authorized officer or employee of the Lessee and constitutes a legal, valid valid, and binding obligation of Lessee, Lessee enforceable against Lessee in accordance with its terms; , except as limited by any bankruptcy, insolvency, reorganization, or other similar laws of general application affecting the enforcement of creditor or Lessor rights. (xe) there There are no pending or threatened actions or proceedings before any court, court of administrative agency or other tribunal or body or judgments which may might materially adversely affect the financial condition, business or operation of Lessee’s financial condition , or operations; (xi) the Equipment is personal property and is not now nor will it become either real property or a fixture or inventory; (xii) the use of the Equipment is essential, necessary, useful, and appropriate to the lawful purposes ability of Lessee and in the discharge of to perform its duties as a governmental body; (xiii) the execution of this Lease does not constitute a default in any other agreement of Lessee; (xiv) there is not existing, and Lessee will not directly or indirectly create, incur, assume or suffer to exist, any mortgage, security interest, pledge, lien, charge, encumbrance or claim on or with respect to the Equipment, title thereto or any interest therein, except the respective rights of Bank and Lessee obligations under this Lease and further excepting any mortgage, security interest, pledge, lien or encumbrance granted by Bank; might adversely affect or impair title to the Aircraft. (xvf) the Equipment is of size, design, capacity and manufacture selected by Lessee and will be suitable for Lessee’s purposes; (xvi) Lessee will cause to be done, executed, acknowledged and delivered all such further acts, instruments, conveyances and assurances as Bank shall require for accomplishing the purposes No provisions of this Lease;Agreement are prohibited, unlawful or unenforceable under federal, state or local laws and there is no existing law, decree or doctrine of law, which would limit the exercise by Lessor of the remedies under Section 13 hereof in the Event of Default. (g) The chief executive office or chief place of business (as either of such terms is used in Article 9 of the Uniform Commercial Code) of the Lessee is as set forth in Section 20.2 and the Lessee agrees to give the Lessor prior written notice of any relocation of said chief executive office or chief place of business from its present location.

Appears in 1 contract

Sources: Aircraft Lease Agreement (MPW Industrial Services Group Inc)

Representations of Lessee. Lessee hereby represents and warrants that: as follows: (ia) The Recitals set forth above are true and correct. (b) Lessee is a corporation duly constitutedorganized, organized and validly existing political subdivision existing and in good standing under the laws of the State of Texas Delaware. Lessee is in good standing and is authorized duly licensed or qualified to lease personal transact business in all jurisdictions where the character of the property and to sell owned or lease leased or otherwise dispose the nature of personal property; the business transacted by it makes such licensing or qualification necessary, the failure of which would have a material adverse effect on the financial, operating or business condition or prospects of Lessee. Lessee’s exact legal name is as set forth on the execution page hereof. (iic) Lessee has the full powercorporate power and authority to execute and deliver this Agreement, authoritythe Amended Schedules and any related documents, agreements and instruments. The officer of Lessee executing this Agreement, the Amended Schedules and any related documents, agreements and instruments is duly authorized to execute and deliver this Agreement, the Amended Schedules and such related documents, agreements and instruments. (d) This Agreement, the Amended Schedules, and legal right to executeany related documents, deliver agreements and perform the agreements on its part contained in this Lease; (iii) the person or persons executing this Lease on behalf of Lessee instruments have been duly authorized under the laws of the State of Texas authorized, executed and a duly adopted resolution of Lessee’s governing body is in full force and effect on the date hereof to execute this Lease on behalf of delivered by Lessee and to obligate Lessee hereunder; (iv) Lessee has taken all necessary steps or complied with all procedures required for constitute the authorization and execution of this Lease; (v) all Lease Payments which are to be made hereunder will be paid out of funds which are legally available for such purpose; (vi) Lessee has obtained or made, or does not require, the approval of or the giving of notice to any Federal, State, local or foreign governmental authority in order to enter into this Lease; (vii) Lessee is not required to submit this Lease to Lessee’s electorate for approval; (viii) Lessee, by entering into this Lease, does not violate any law binding on Lessee or contravene any indenture, credit Lease, or any other agreement under which Lessee is a party or by which it is bound; (ix) this Lease constitutes a legal, valid and binding obligation obligations of Lessee, Lessee enforceable in accordance with their respective terms. (e) Each of the representations and warranties made by or on behalf of Lessee to Lessor in any of the Lease Documents was true and correct when made and in all material respects is, except for the representations and warranties set forth in the Lease Agreement relating to the non-existence of an Event of Default, true and correct on and as of the date of this Agreement with the same full force and effect as if each of such representations and warranties had been made by Lessee on the date hereof and in this Agreement. (f) The entry into and performance by Lessee of its terms; obligations under this Agreement, the Amended Schedules and any related documents, agreements or instruments do not (xi) there are no pending violate any judgment, order, law or threatened actions regulation applicable to Lessee or proceedings before any court, administrative agency or other tribunal or body or judgments which may materially adversely affect provision of Lessee’s financial condition organizational documents or operations; (xiii) the Equipment is personal property and is not now nor will it become either real property or a fixture or inventory; (xii) the use of the Equipment is essentialresult in any breach of, necessary, useful, and appropriate to the lawful purposes of Lessee and in the discharge of its duties as a governmental body; (xiii) the execution of this Lease does not constitute a default under or result in the creation of any other agreement of Lessee; (xiv) there is not existing, and Lessee will not directly or indirectly create, incur, assume or suffer to exist, any mortgage, security interest, pledge, lien, charge, security interest or other encumbrance upon any item of Equipment pursuant to any indenture, security agreement, deed of trust, bank loan or claim on credit agreement or with respect other instrument to which Lessee is a party. (g) There is no action, suit, proceeding, claim, inquiry or investigation, at law or in equity, before or by any court, regulatory agency, public board or body pending or, to the Equipmentbest of Lessee’s knowledge, title thereto threatened against or affecting Lessee, challenging Lessee’s authority to enter into this Agreement, the Amended Schedules or any interest thereinrelated document, except agreement or instrument, or any other action wherein an unfavorable ruling or finding would adversely affect the respective rights enforceability of Bank this Agreement, the Amended Schedules or any related document, agreement or instrument, or would materially and adversely affect any of the transactions contemplated by this Agreement. (h) Lessee under this Lease and further excepting any mortgage, security interest, pledge, lien or encumbrance granted by Bank; (xv) has heretofore furnished to Lessor the Equipment is consolidated financial statements of size, design, capacity and manufacture selected by Lessee and will be suitable its subsidiaries for Lessee’s purposes; (xvi) its fiscal quarter ended June 30, 2004, and those statements accurately present the financial position of Lessee will cause to be doneas of the date of delivery, executed, acknowledged and delivered all there has been no material adverse change in the financial condition of Lessee since the date of such further acts, instruments, conveyances and assurances as Bank shall require for accomplishing the purposes of this Lease;financial statements.

Appears in 1 contract

Sources: Restructuring Agreement (Molecular Imaging Corp)

Representations of Lessee. Lessee represents and warrants to each of the other parties hereto as of the Document Closing Date and on the date of each Advance Request and each Advance (both immediately before and after giving effect to the making of such Advance and the application of the proceeds thereof), that: : (a) The Lessee is (i) Lessee is a duly constitutedorganized, organized and validly existing political subdivision existing and in good standing under the laws of the State jurisdiction of Texas its organization, and is authorized to lease personal property and to sell or lease or otherwise dispose of personal property; (ii) duly qualified to do business as a foreign organization in each jurisdiction in which the nature of the business conducted or the property owned, operated or leased by it requires such qualification, except where failure to so qualify would not materially adversely affect its business, condition (financial or otherwise), operations or properties. (b) The execution, delivery and performance by the Lessee has full powerof each Operative Document to which it is, authorityor is to become, and legal right to executea party, deliver and perform are within the agreements on its part contained in this Lease; (iii) the person or persons executing this Lease on behalf of Lessee Lessee’s organizational powers, have been duly authorized under by all necessary organizational action and do not contravene (i) the laws of the State of Texas and a duly adopted resolution of Lessee’s governing organizational documents, (ii) law applicable to the Lessee or its properties, or (iii) any contractual or legal restriction binding on or affecting the Lessee or its properties. (c) No authorization or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution, delivery and performance by the Lessee of this Participation Agreement (including obtaining any Advances under this Participation Agreement) or any other Operative Document to which it is, or is to become, a party, except for the FERC Authorization, which has been duly obtained, and is in full force and effect on effect. (d) This Participation Agreement and the date hereof other Operative Documents to execute this Lease on behalf of Lessee and which it is, or is to obligate Lessee hereunder; (iv) Lessee has taken all necessary steps become, a party have been or complied with all procedures required for the authorization and execution of this Lease; (v) all Lease Payments which are to be made hereunder will be paid out of funds which are legally available for such purpose; (vias the case may be) Lessee has obtained or madeduly executed and delivered by it, or does not requireand this Participation Agreement is, and upon execution and delivery thereof each other Operative Document will be, the approval of or the giving of notice to any Federal, State, local or foreign governmental authority in order to enter into this Lease; (vii) Lessee is not required to submit this Lease to Lessee’s electorate for approval; (viii) Lessee, by entering into this Lease, does not violate any law binding on Lessee or contravene any indenture, credit Lease, or any other agreement under which Lessee is a party or by which it is bound; (ix) this Lease constitutes a legal, valid and binding obligation of Lessee, the Lessee enforceable against the Lessee in accordance with its terms; , subject, however, to any applicable bankruptcy, reorganization, rearrangement, moratorium or similar laws affecting generally the enforcement of creditors’ rights and remedies and to general principles of equity (xregardless of whether enforceability is considered in a proceeding in equity or at law). (e) The consolidated financial statements of the Lessee and its Subsidiaries as of December 31, 2024, and for the year ended on such date, as set forth in the Lessee’s Annual Report on Form 10-K for the fiscal year ended on such date, as filed with the SEC, accompanied by an opinion of Deloitte & Touche LLP, and the consolidated financial statements of the Lessee and its Subsidiaries as of September 30, 2025, and for the fiscal quarter ended on such date, as set forth in the Lessee’s Quarterly Report on Form 10-Q for the fiscal quarter ended on such date, as filed with the SEC, copies of each of which have been furnished to the Administrative Agent and each Participant, fairly present the consolidated financial condition of the Lessee and its Subsidiaries as at such dates and the consolidated results of the operations of the Lessee and its Subsidiaries for the periods ended on such dates, in accordance with GAAP, subject, in the case of such financial statements for the fiscal quarter ended September 30, 2025, to year-end adjustments and the absence of detailed footnotes. Except as disclosed in the Disclosure Documents, since December 31, 2024, there are has been no material adverse change in the financial condition or operations of the Lessee. (f) Except as disclosed in the Disclosure Documents, there is no pending or threatened actions action or proceedings proceeding affecting the Lessee or any of its Subsidiaries before any court, administrative governmental agency or other tribunal or body or judgments which may materially adversely affect Lessee’s financial condition or operations; arbitrator that could reasonably be expected to have a Material Adverse Effect. There has been no change in any matter disclosed in such filings that could reasonably be expected to result in such a Material Adverse Effect. (xig) the Equipment is personal property No event has occurred and is continuing that constitutes an Event of Default or that would constitute an Event of Default but for the requirement that notice be given or time elapse or both. (h) The Lessee is not now nor engaged in the business of extending credit for the purpose of purchasing or carrying Margin Stock, and no proceeds of any Advance will it become either real property be used to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock. After applying the proceeds of each Advance, not more than 25% of the value of the assets of the Lessee and its Subsidiaries subject to the restrictions of Section 9.2(a), (c) or (d) will consist of or be represented by ▇▇▇▇▇▇ ▇▇▇▇▇. (i) The Lessee is not an “investment company” or a fixture or inventory; (xii) company “controlled” by an “investment company” within the use meaning of the Equipment Investment Company Act of 1940, as amended. (j) Except as could not reasonably be expected to result in a Material Adverse Effect, no ERISA Termination Event has occurred, or is essentialreasonably expected to occur, necessary, useful, and appropriate to the lawful purposes of Lessee and in the discharge of its duties as a governmental body; (xiii) the execution of this Lease does not constitute a default in any other agreement of Lessee; (xiv) there is not existing, and Lessee will not directly or indirectly create, incur, assume or suffer to exist, any mortgage, security interest, pledge, lien, charge, encumbrance or claim on or with respect to any ERISA Plan. (k) Schedule B (Actuarial Information) to the Equipmentmost recent annual report (Form 5500 Series) with respect to each ERISA Plan, title thereto copies of which have been filed with the Internal Revenue Service and furnished to the Administrative Agent and Participants, is complete and accurate and fairly presents the funding status of such ERISA Plan, and since the date of such Schedule B there has been no change in such funding status that could reasonably be expected to result in a Material Adverse Effect. (l) Except as could not reasonably be expected to result in a Material Adverse Effect, (i) the Lessee has not incurred, and does not reasonably expect to incur, any withdrawal liability under ERISA to any Multiemployer Plan and (ii) neither the Lessee nor any of its ERISA Affiliates has incurred any liability or obligation under the WARN Act, which remains unpaid or unsatisfied. (m) The reports, financial statements and other written information furnished by or on behalf of the Lessee to the Administrative Agent or any interest Participant pursuant to or in connection with the Operative Documents and the transactions contemplated thereby, when considered in their totality together with the information set forth in the Lessee’s periodic reports filed as of any date of determination with the SEC under the Securities Exchange Act of 1934, as amended, do not contain and will not contain, when taken as a whole, any untrue statement of a material fact and do not omit and will not omit, when taken as a whole, to state any fact necessary to make the statements therein, except in the light of the circumstances under which they were or will be made, not misleading in any material respect; provided that, with respect to projections and forward looking statements, the Lessee represents only that such information was prepared in good faith based upon assumptions and estimates believed to be reasonable at the time made and notes that whether or not such projections or forward looking statements are in fact achieved will depend upon future events some of which are not within the control of the Lessee and actual results may vary from the projections and such variations may be material and, accordingly, the Lessee gives no representation and warranty that such projections and forward looking statements will be achieved. (n) As of the date delivered, the information included in the Beneficial Ownership Certification, if any, is true and correct in all respects. (o) The Lessee has implemented and maintains in effect policies and procedures designed to ensure compliance by the Lessee, its Subsidiaries and their respective rights directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Lessee, its Subsidiaries and their respective officers and employees and, to the knowledge of Bank the Lessee, its directors and Lessee under this Lease agents, are in compliance with Anti-Corruption Laws and further excepting any mortgage, security interest, pledge, lien or encumbrance granted by Bank; applicable Sanctions in all material respects. None of (xva) the Equipment Lessee, any Subsidiary thereof or any of their respective officers or employees, or (b) to the knowledge of the Lessee, any director or agent of the Lessee or any Subsidiary that will act in any capacity in connection with or benefit from the credit facility established hereby, is a Sanctioned Person. No Advance or use of sizeproceeds thereof or other transaction contemplated by this Participation Agreement will violate Anti-Corruption Laws or applicable Sanctions. (p) All payments due from the Lessee or any of its ERISA Affiliates on account of wages and employee and retiree health and welfare insurance and other benefits have been paid or properly accrued on the financial statements of the Lessee or such ERISA Affiliate, designas applicable, capacity and manufacture selected by in accordance with GAAP. (q) The Lessee and will be suitable for Lessee’s purposes; (xvi) Lessee will cause its Subsidiaries have filed all federal, state and other Tax returns and reports required to be donefiled, executedand have paid all federal, acknowledged state and delivered all such further actsother Taxes, instrumentsassessments, conveyances fees and assurances as Bank shall require other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except (a) Taxes that are being contested in good faith by appropriate proceedings diligently conducted and for accomplishing which adequate reserves are being maintained in accordance with GAAP or (b) to the purposes of this Lease;extent that the failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. (r) [Reserved.]

Appears in 1 contract

Sources: Participation Agreement (Entergy Texas, Inc.)

Representations of Lessee. Lessee represents and warrants that: (i) Lessee is a duly constituted, organized and validly existing political subdivision existing under the laws of the State of Texas and is authorized In order to lease personal property and to sell or lease or otherwise dispose of personal property; (ii) Lessee has full power, authority, and legal right to execute, deliver and perform the agreements on its part contained in this Lease; (iii) the person or persons executing this Lease on behalf of Lessee have been duly authorized under the laws of the State of Texas and a duly adopted resolution of Lessee’s governing body is in full force and effect on the date hereof to execute this Lease on behalf of Lessee and to obligate Lessee hereunder; (iv) Lessee has taken all necessary steps or complied with all procedures required for the authorization and execution of this Lease; (v) all Lease Payments which are to be made hereunder will be paid out of funds which are legally available for such purpose; (vi) Lessee has obtained or made, or does not require, the approval of or the giving of notice to any Federal, State, local or foreign governmental authority in order induce Lessor to enter into this Lease; (vii) , the Lessee is not required has made the following representations, and no others: A. Lessee has inspected the premises and found them to submit this Lease to Lessee’s electorate be fit for approval; (viii) Lesseeits intended purposes. B. Lessee has assured itself that the zoning of the premises will permit the intended use, by entering into this Lease, does and will not violate any law binding on Lessee zoning or contravene any indentureland use rules during occupancy, credit Lease, or any other agreement under which and will obtain and keep in force all licenses and permits required for the operation of Lessee's business at the premises. C. Lessee is a acting solely on its own behalf, and not on behalf of any third party or undisclosed principal whomsoever. D. Lessee will perform and abide by which each and every term, covenant and agreement of this lease. E. Lessee shall comply with all laws, rules and regulations, including but not limited to building codes, housing codes, and other codes of any nature, and shall cause its subtenants to do likewise. F. EXCEPT FOR THE ITEMS SET FORTH SPECIFICALLY IN THIS LEASE, ALL WARRANTIES OF ANY NATURE CONCERNING THE PREMISES, EITHER ORAL OR WRITTEN, EXPRESSED OR IMPLIED, ARE WAIVED BY LESSEE. LESSEE UNDERSTANDS AND AGREES THAT LESSOR DOES NOT WARRANT THE CONDITION OF ANY IMPROVEMENTS ON THE PROPERTY, THEIR HABITABILITY OR THEIR FITNESS FOR ANY PARTICULAR PURPOSE, AND THAT ALL SUCH WARRANTIES, WHETHER ORAL OR WRITTEN, EXPRESS OR IMPLIED, ARE HEREBY WAIVED BY LESSEE AND DISCLAIMED BY LESSOR. LESSEE ACCEPTS THE CONDITION OF THE PREMISES “AS IS.” The lessee has requested, and shall be entitled to an opportunity to walkthrough and photograph the condition of the property and facilities prior to execution of this lease. G. Lessee warrants that it is bound; (ix) this Lease constitutes a legal, valid duly formed and binding obligation of Lessee, enforceable in accordance with its terms; (x) there are no pending or threatened actions or proceedings before any court, administrative agency or other tribunal or body or judgments which may materially adversely affect Lessee’s financial condition or operations; (xi) the Equipment is personal property validly existing under state law and is not now nor will it become either real property or a fixture or inventory; (xii) the use of the Equipment is essential, necessary, usefullocal ordinances, and appropriate that it is a qualified, exempt, charitable organization pursuant to the lawful purposes of Lessee I.R.S. regulations 501(c)(3) and in the discharge of its duties as a governmental body; (xiii) that all things required by law or by Lessee's governing documents, necessary to the execution of this Lease does not constitute a default in any other agreement of Lessee; (xiv) there is not existinglease have been accomplished, and Lessee will not directly or indirectly create, incur, assume or suffer the person signing this lease is authorized to exist, any mortgage, security interest, pledge, lien, charge, encumbrance or claim on or with respect to the Equipment, title thereto or any interest therein, except the respective rights of Bank and Lessee under this Lease and further excepting any mortgage, security interest, pledge, lien or encumbrance granted by Bank; (xv) the Equipment is of size, design, capacity and manufacture selected by Lessee and will be suitable for bind Lessee’s purposes; (xvi) Lessee will cause to be done, executed, acknowledged and delivered all such further acts, instruments, conveyances and assurances as Bank shall require for accomplishing the purposes of this Lease;.

Appears in 1 contract

Sources: Lease Agreement