Equipment Leasing Clause Examples

Equipment Leasing. Tenant's Trade Fixtures are not required to remain upon the Premises and be surrendered therewith upon termination of this Lease. Trade Fixtures now or hereafter installed and used by Tenant on the Premises may or will be directly financed by a third-party lender or otherwise subjected to a security interest or owned by an equipment rental company or vendor ("Equipment Lessor") and leased to Tenant either directly from the Equipment Lessor or by way of equipment sublease or assignment of equipment lease from an equipment sublessor ("Equipment Sublessor"), and the Landlord hereby agrees to recognize the rights therein of any such third-party lender, vendor, or Equipment Lessor or Sublessor (or assignee). Landlord agrees that all such items of financed or leased Trade Fixtures installed or to be installed on the Premises shall be and remain personal property and not real property, notwithstanding the fact that the same may be nailed or screwed or otherwise attached or affixed to the Premises, and further agrees to recognize the rights therein of any such third-party lender, vendor, or Equipment Lessor or Sublessor (or assignee). Tenant shall have the right at any time, provided Tenant is not in default hereunder, to remove or replace any or all Trade Fixtures, whether or not financed or leased, regardless of whether attached or affixed to the Premises, and to the extent of their respective interests therein such third-party lender, vendor, or Equipment Lessor or Sublessor (or assignee) shall also have such a right regardless of whether Tenant is in default hereunder. Any damage to the Premises caused by such a removal shall be repaired promptly by and at the expense of Tenant or other party causing such removal. Landlord agrees that it does not have and shall not assert any right, lien or claim in or to the Trade Fixtures against any third-party lender, vendor, or Equipment Lessor or Sublessor (or assignee), and, subject to the obligation promptly to repair any damage to the Premises, such party may remove and dispose of the same without reference to, and free and clear of, any or other demand of Landlord; provided, however that no such disposal or sale may be made on the Premises. Landlord agrees to execute a waiver of Landlord's lien upon the request of any Equipment Lessor or Sublessor substantially in form and content as set forth on EXHIBIT C hereto.

Equipment Leasing. 4 Section 2.13

Equipment Leasing. (a) All equipment leasing business of RBMG or its Affiliates is conducted by Republic Leasing Company, Inc. (b) Each equipment lease entered into by Republic Leasing Company, Inc. (each a "Lease," and collectively, the "Leases") was entered into and documented in compliance with all applicable Laws and constitutes a valid and binding obligation of the parties thereto, enforceable in accordance with its terms, subject to bankruptcy, insolvency or other similar laws affecting the enforcement of creditors' rights generally and by general principles of equity (whether applied in a proceeding in equity or at law), except where such noncompliance is reasonably likely to have individually or in the aggregate, a Material Adverse Effect on RBMG and where such matter is unresolved as of the date of this Agreement.

Equipment Leasing. Some of the FF&E or other items of personal property installed on the Leased Premises may be (i) financed by a third-party lender, (ii) owned by an equipment rental company or vendor and leased to Tenant either directly or by way of an equipment sublease or an assignment of equipment lease from an equipment sublessor, or (iii) otherwise subject to a security interest. Any such lender, equipment leasing or subleasing company, vendor, or other holder of a security interest or its assignee shall be referred to as an "Equipment Lessor," and Landlord agrees to recognize the rights in any FF&E or other personal property granted to any Equipment Lessor. Provided that there is no Event of Default on Tenant's part, Tenant shall have the right at any time to remove any FF&E or other personal property, whether or not financed, leased, or subject to a security interest and whether or not affixed to the Leased Premises; to the extent of its interest therein, an Equipment Lessor shall also have such a right, regardless of whether Tenant is in Default under this Lease. Tenant or the other party causing such removal shall repair any damage to the Leased Premises caused thereby. Landlord waives the right of distraint except as to Tenant and agrees that any disposal or sale of the FF&E or other personal property may be made on the Leased Premises during the Term or within twenty (20) days after the termination or expiration of this Lease. END OF ARTICLE VI

Equipment Leasing. Neither NetBank nor any NetBank Subsidiary engages in or has engaged in the business of equipment leasing as of the date of this Agreement.

Equipment Leasing. Upon being presented with the vendor invoices, OptimumCare will purchase and lease back to TR-CMHC business equipment as needed for operation of facility including communications, MIS, furniture, copier and a fax. Such lease will be paid by TR-CMHC over 36 months in equal consecutive monthly payments including a 10% profit per year over direct costs to OptimumCare. At the end of 36 months, TR-CMHC shall own the said equipment.

Equipment Leasing. Purchasing Entity may finance their purchases through a lease agreement. Financing lease agreements pursuant to this Participating Addendum by a Purchasing Entity requires Participating Addendum Number 505ENT-O24-NASPOCOMPUT-10 for COMPUTER EQUIPMENT, PERIPHERALS & RELATED SERVICES NetApp U.S. Public Sector, Inc.

Equipment Leasing. AGIS shall lease to each of AMCO, ALLIED Life, AGI, and AGIMC certain electronic data processing equipment as agreed to by the parties and under such specific lease term and fees as follows: (a) Reports will be given to AMCO, ALLIED Life, AGI, and AGIMC by AGIS on a monthly basis which shall identify the items of equipment subject to the lease (the "Equipment"). For each item of Equipment, the report shall specify any serial or model number, the term of the lease, 122 the monthly lease fee, the Equipment location, and the amount of lease deposit, if any. (b) AGIS shall be responsible for the installation of the Equipment and for the coordination of any movement of such Equipment. (c) AMCO, ALLIED Life, AGI, and AGIMC shall notify AGIS if there is a change in the location of each piece of leased Equipment. (d) AMCO, ALLIED Life, AGI, and AGIMC shall be responsible for the use and maintenance of the Equipment and shall bear all risks of loss, theft, damage, or destruction of the Equipment. (e) The Equipment shall have no warranties, and AGIS supplies the Equipment "as is". (f) At the expiration of the lease term for each item of Equipment, the lease term will automatically extend on a month-to-month basis unless AMCO, ALLIED Life, AGI, or AGIMC provide AGIS with 30 days written notice of termination for identified equipment. (g) After the expiration of the lease term for each item of Equipment, AMCO, ALLIED Life, AGI, and AGIMC shall promptly return to AGIS the Equipment unencumbered and in the same operating order, repair, condition, and appearance as when received (excepting only reasonable wear and tear resulting from proper use). (h) This lease may be assigned and may be terminated by AMCO, ALLIED Life, AGI, and AGIMC with thirty (30) days written notice. (i) This lease shall be construed and interpreted under the laws of the State of Iowa.

Equipment Leasing. If contracted for, Alchemy shall provide Customer with leased equipment as indicated in the GDCSO(s).