Lease of Personal Property. Lessor hereby leases to Lessee, and Lessee hereby accepts and leases from Lessor all of the Personal Property. Lessee confirms that Lessee has inspected the Personal Property and has reviewed the Permitted Encumbrances, and all related agreements and documentation. In that regard, Lessee acknowledges and agrees that it is leasing and/or assuming Lessor’s relevant interests in the Permitted Encumbrances, and the Personal Property, “AS IS/WHERE IS.” LESSOR MAKES ABSOLUTELY NO WARRANTIES, EXPRESSED OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Lessee agrees to indemnify and hold Lessor and Lessor’s agents, employees, officers, and directors harmless from and against, any and all Claims, including any and all attorneys’ fees and legal expenses, arising from or caused directly or indirectly by any actual or alleged use, possession, maintenance, condition (whether or not latent or discoverable), operation, location, delivery or transportation of any of the Personal Property. This indemnity remains in full force notwithstanding the termination or expiration of this Lease, but will be released as to the original Lessee at the time of any Transferee’s assumption of this Lease and release of original Lessee if provided pursuant to Section 16.1.C.
Lease of Personal Property. Lessor hereby demises, leases and lets the Personal Property to Lessee, and Lessee rents, leases and hires the Personal Property from Lessor, in accordance with the provisions of this Agreement, for the Lease Term.
Lease of Personal Property. Landlord shall lease to Tenant such personal property on the Premises as shall be reflected in an Addendum attached to this Lease which Addendum shall set forth the terms and conditions of the Lease of said personal property.
Lease of Personal Property. Except those listed in Appendix 2, the Company has no leased or borrowed equipment, other personal property or fixtures.
Lease of Personal Property. Notwithstanding anything contained herein or in any security agreement or any other document executed by Borrower in favor of Bank ("Loan Documents"), the Borrower is hereby permitted to rent and or lease personal property and to execute such documents as necessary to effect such transactions, including the granting of a purchase money security interest if the property being rented or leased. Any such rental or lease will not be a violation of any of the Loan Documents.
Lease of Personal Property. The equipment listed in Exhibit “D” now located on the premises is leased to the Lessee for the term of the building lease for the sole benefit of the Lessee, AS IS, WHERE IS. The Lessee covenants and agrees not to remove, transfer, or assign any property leased hereunder and shall keep and maintain such property in its present state of operation and repair, normal wear and tear excepted, in accordance with good industrial with respect to the Lease. Lessee agrees to hold harmless and indemnify Lessor for any cost, damage, or expense arising in connection with the use of personal property leased hereunder by Lessee or invitees of Lessee.
Lease of Personal Property. Lease Agreement with Hertz for cars used by IL Subsidiary’s employees. Agreements for the lease of office accessories and appliances in the Company’s and the IL Subsidiary’s offices.
Lease of Personal Property. ... Section 3.3 Department's Personal Property on the Leased Premises................. Section 3.4 Option to Expand or Reduce Leasehold..... Section 3.5
Lease of Personal Property. 17 (18) Affiliates.........................................18 (19) Partnerships or Joint Ventures.....................18 (20) Restriction on Doing Business......................18 (21) Warranties and Discounts...........................18 (22) Licences, Agency and Distributorship Agreements....19
Lease of Personal Property. Schedule 2.01(f) attached hereto describes all leases of equipment and vehicles used in or relating to the Business. Complete and correct copies of those leases have been provided to the Purchaser. The Vendor is entitled to all rights and benefits as lessee under those leases, and the Vendor has not sublet, assigned, licensed or otherwise conveyed any rights in those licenses or in the property leased thereunder to any other person. Other than as disclosed in the Assumed Liabilities, all payments and other obligations required to be paid and performed by the Vendor under those leases have been duly paid and performed; the Vendor is not in default of any its obligations under those leases; and, to the best of the knowledge of the Vendor and SoftQuad, none of the lessors or any other parties to those leases are in default of any of their obligations under those leases. The Vendor is entitled to assign all of its right and interest under those leases and in and to the property leased thereunder to the Purchaser, subject to obtaining the consents referred to in Schedule 3.01(3) attached hereto. Subject to obtaining such consents, the terms and conditions of those leases will not be affected by, nor will any of those leases be in default as a result of, the completion of the transaction contemplated hereunder.
