Lease Order definition

Lease Order shall refer to that document wherein Lessor agrees to lease to Lessee and Lessee agrees to lease from Lessor certain Equipment. Each Lease Order shall be signed and submitted by Lessee to Lessor and, when so submitted, shall constitute a firm irrevocable offer by Lessee to lease the Equipment identified on the Lease Order subject to the terms of the Lease Order and this Lease Agreement which, if accepted by Lessor by signing and returning to Lessee one copy of the same within thirty (30) days of the date of the Lease Order shall be deemed a duly executed and in force Lease Order.
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Lease Order shall refer to that document wherein Lessor agrees to lease to Lessee and Lessee agrees to lease from Lessor certain Equipment. Each Lease Order shall be signed and submitted by Lessee to Lessor and, when so submitted, shall constitute a firm irrevocable offer by Lessee to lease the Equipment identified on the Lease Order subject to the terms of the Lease Order and this Lease Agreement which, if accepted by Lessor by signing and returning to Lessee one copy of the same within thirty (30) days of the date of the Lease Order shall be deemed a duly executed and in force Lease Order. "Initial Term" shall mean the period beginning on the Commencement Date and continuing for the number of months set forth in each Lease Order. "Equipment" shall mean the equipment identified in a duly executed and in force Lease Order and all related replacements, parts, additions, software, accessories, alterations and repairs incorporated therein or affixed thereto, together with any items included on the related Lease Order including, but not limited to, training, maintenance, license agreements, etc. "Software shall mean a computer program in any data, program description, media or supporting documentation provided by a licensor as part of the transaction. "Delivery and Acceptance Date" shall mean the date that the Equipment listed on the related Lease Order is accepted at Lessee's premises, such date being specified in the related Delivery and Acceptance Receipt. Unless expressly agreed otherwise by the parties or Lessee notifies Lessor in writing that the Equipment has been rejected, the Equipment must be accepted within seven (7) days after the delivery date, and if not accepted by such time the Delivery and Acceptance Date shall be deemed to be seven (7) days after the delivery date. "Commencement Date" means, as to the Equipment designated on any Lease Order, where the Delivery and Acceptance Date for such Equipment falls on the first day of he month, that date, or, in any other case, the first day of the month or calendar quarter if so provided in the Lease Order, following the Delivery and Acceptance Date unless otherwise agreed by the parties. "Progress Payment Rider" shall refer to that document wherein the seller of the Equipment requires payment prior to the commencement of a Lease Order and Lessee agrees to make payments prior to the commencement of a Lease Order.
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Lease Order means the order of the Bankruptcy Court entered in the Bankruptcy Proceeding on August 5, 2002 titled the Order Authorizing The Debtors To Make Reduced Vehicle Lease Payments Under The Group Leases To Team Fleet Financing Corporation.
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Examples of Lease Order in a sentence

  • If the Equipment cannot be decontaminated, the Equipment shall be deemed a Total Loss and Lessee assumes full responsibility for the Equipment including the disposal thereof, and shall pay Lessor the Equipment Value as set forth on the Lease Order Agreement plus all applicable Taxes and Fees in accordance with Section 14 herein.

  • The monthly fee payable by Lessee is specified on the face page of the Lease Order Agreement and will be billed with the rental invoice.

  • The monthly fee payable by Lessee is specified on the face page of the Lease Order Agreement and includes Lessor’s administrative fee.

  • Lessee shall accept the Equipment if the Equipment has operated efficiently for the period indicated in this Lease Order as the "Acceptance Period" in conformance with both technical specifications therefor and any proposal submitted to Lessee by Lessor.

  • At the end of the Term or any Extension Period, Lessee shall make the Equipment available to Lessor, without impediment, (impediments including, but not limited to, ramps, steps, and/or landscaping added by parties other than Lessor) at the Delivery Address shown in the Lease Order Agreement or any other address to which Lessor has previously provided written approval of relocation of the Equipment.

  • In the event delivery of the Equipment is delayed, through no fault of Lessor, for a period of more than thirty (30) days from the delivery date set forth in the Lease Order Agreement (or, if no delivery date is enumerated, from the date on which Lessor advises Lessee in writing that the Equipment is ready for delivery) Lessee agrees to pay Lessor a storage fee equal to 50% of the Total Rental Charges Per Month for each thirty (30) days period of delay, or portion thereof, until the Equipment is delivered.

  • At the end of the Term or Extension Period, Lessee shall be responsible for any “Final Return Charges” as estimated in the Lease Order Agreement.

  • Lessee shall be obligated to pay applicable rental amounts set forth in the Lease Order Agreement for the lease of the Ancillary Products.

  • The file shall be used for the purpose of matching the Texas CHIP Perinatal Program eligibility file against the HMO Member file to identify CHIP Perinatal Program Members enrolled in the HMO who may have TPL information not known to the CHIP Perinatal Program.

  • In the event rent specified in a Lease Order includes an amount attributable to the financing by Lessor of Lessee's fee for use of Software, Lessee agrees that such amount shall be deemed rent and subject to all the provisions of this Lease Agreement.