Lease Supplements. Upon the sale and lease of an Item of Equipment in accordance with Section 4.2 Lessee shall execute and deliver to Lessor a Lease Supplement for such Item of Equipment which Lease Supplement upon satisfaction of the conditions precedent in Section 3.1 shall thereafter be executed by Lessor and a signed counterpart provided to Lessee. Upon execution and delivery by Lessee of such Lease Supplement, such Item of Equipment shall automatically become in accordance with this Section 4.3 subject to the Lease Agreement and an "Item of Equipment" thereunder.
Appears in 3 contracts
Samples: Participation Agreement (Universal Compression Holdings Inc), Participation Agreement (Universal Compression Inc), Participation Agreement (BRL Universal Equipment Corp)
Lease Supplements. Upon the sale and lease of an Item of ------------------ Equipment in accordance with Section 4.2 Lessee shall execute and deliver to Lessor a Lease Supplement for such Item of Equipment which Lease Supplement upon satisfaction of the conditions precedent in Section 3.1 shall thereafter be executed by Lessor and a signed counterpart provided to Lessee. Upon execution and delivery by Lessee of such Lease Supplement, such Item of Equipment shall automatically become in accordance with this Section 4.3 subject to the Lease Agreement and an "Item of Equipment" thereunder.
Appears in 1 contract
Samples: Participation Agreement (BRL Universal Equipment Corp)
