Title; Security Interest. (a) This Agreement is an equipment financing agreement. If it is ever characterized as a lease, contrary to the intentions of Company and Trinity, it shall constitute a “finance lease” as that term is defined in Article 2A of the Uniform Commercial Code and, except as permitted herein, or in a related Schedule, Trinity shall not acquire any right, title or interest in or to such Equipment.
Appears in 2 contracts
Samples: Master Equipment Financing Agreement (Eos Energy Enterprises, Inc.), Master Equipment Financing Agreement (Environmental Impact Acquisition Corp)
Title; Security Interest. (a) This Agreement is an equipment financing agreement. If it is ever characterized as a lease, contrary to the intentions of Company the Borrowers and Trinity, it shall constitute a “finance lease” as that term is defined in Article 2A of the Uniform Commercial Code and, except as permitted herein, or in a related Schedule, Trinity shall not acquire any right, title title, or interest in or to such Equipment.
Appears in 1 contract
Samples: Master Equipment Financing Agreement (Rocket Lab USA, Inc.)
Title; Security Interest. (a) This Agreement is an equipment financing agreement. If it is ever characterized as a lease, contrary to the intentions of Company and Trinity, it shall constitute a “finance lease” as that term is defined in Article 2A of the Uniform Commercial Code and, except as permitted herein, or in a related Schedule, Trinity shall not acquire any right, title or interest in or to such Equipment.. XXXXXXXX \* XXXXXXXXXXX XXXX - XXXXXXXXXX
Appears in 1 contract
Samples: Master Equipment Financing Agreement (Cleanspark, Inc.)
