Common use of Finance Lease Clause in Contracts

Finance Lease. The Lessor and Lessee hereby agree that this Master Lease is a "finance lease" as that term is defined in Section 2A-103 of the Uniform Commercial Code as adopted in the state of Lessor's principle place of business and that Lessor shall be treated as a finance lessor entitled to the benefits and releases from liability accorded to a finance lessor under the Uniform Commercial Code. Section 26.

Appears in 2 contracts

Samples: Master Equipment Lease (Kentucky Electric Steel Inc /De/), Master Equipment Lease (Kentucky Electric Steel Inc /De/)

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Finance Lease. The Lessor and Lessee hereby agree that this Master Lease is a "finance lease" as that term is defined in Section 2A-103 of the Uniform Commercial Code as adopted in the state of Lessor's principle place of business and that Lessor shall be treated as a finance lessor entitled to the benefits and releases from liability accorded to a finance lessor under the Uniform Commercial Code. Section 26.

Appears in 1 contract

Samples: 21 Master Equipment Lease (Bioanalytical Systems Inc)

Finance Lease. The Lessor and Lessee hereby agree that this Master Lease is a "finance lease" as that term is defined in Section 2A-103 of the Uniform Commercial Code as adopted in the state of Lessor's principle place of business and that Lessor shall be treated as a finance lessor entitled to the benefits and releases from liability accorded to a finance lessor under the Uniform Commercial Code. Section 26.

Appears in 1 contract

Samples: Master Equipment Lease (Kendle International Inc)

Finance Lease. The Lessor and Lessee hereby agree that this Master Lease is a "finance lease" as that term is defined in Section 2A-103 2A-l03 of the Uniform Commercial Code as adopted in the state of Lessor's principle place of business and that Lessor shall be treated as a finance lessor entitled to the benefits and releases from liability accorded to a finance lessor under the Uniform Commercial Code. Section 26.

Appears in 1 contract

Samples: Master Equipment Lease (Cintech Solutions Inc)

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Finance Lease. The Lessor and Lessee hereby agree that this Master Lease is a "finance lease" as that term is defined in Section 2A-103 of the Uniform Commercial Code as adopted in the state of Lessor's ’s principle place of business and that Lessor shall be treated as a finance lessor entitled to the benefits and releases from liability accorded to a finance lessor under the Uniform Commercial Code. Section 26.

Appears in 1 contract

Samples: Master Equipment Lease (Planar Systems Inc)

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