Examples of Equipment Agreement Supplement in a sentence
Such notice shall also include replacement Equipment Agreement Supplement Schedule As in form and substance reasonably acceptable to Agent and Owner Participant (“Replacement Schedule As”) identifying all Equipment to remain subject to this Equipment Agreement after any such acquisition.
Corporate Obligee may sell, assign, transfer or grant a security interest in all or any part of Corporate Obligee’s rights, obligations, title or interest in, to and under the Equipment or any Item(s) thereof, this Equipment Agreement, any Equipment Agreement Supplement and/or any Equipment Payment and Supplemental Payments payable under this Equipment Agreement or any Equipment Agreement Supplement without Obligor’s consent.
Corporate Obligee and Obligor hereby further acknowledge and agree that (x) each Equipment Agreement Supplement executed by Original Obligee and Obligor for each Original Item of Equipment evidences that such Original Item is leased under, and is subject to, all of the terms, provisions and conditions of this Equipment Agreement, and (y) constitutes Obligor’s unconditional and irrevocable acceptance of such Original Item for all purposes of this Equipment Agreement.
The location for the inspection or demonstration of any Item of Equipment shall be the location designated for such Item on the Related Equipment Agreement Supplement; provided, however, if at the time of Corporate Obligee’s or Assignee’s request an Equipment Agreement Event of Default has occurred and is continuing, Obligor shall make the Equipment available to Corporate Obligee or Assignee for inspection at a location in the United States or Europe reasonably determined by Corporate Obligee.
The execution by Obligee and Obligor of an Equipment Agreement Supplement for an Item of Equipment shall (a) evidence that such Item is leased under, and is subject to all of the terms, provisions and conditions of, this Equipment Agreement, and (b) constitute Obligor's unconditional and irrevocable acceptance of such Item for all purposes of this Equipment Agreement.
The Member, Beneficiary, or spouse may revoke the election made (or make a new election) at any time and any number of times during the election period.
Obligor agrees that it will not execute an Equipment Agreement Supplement regarding such item of equipment unless and until the same shall have been inspected by Obligor and Obligor shall have determined that the same is in good working order and condition, it being understood, however, that nothing herein is intended to relieve or decrease in any way the responsibility of the manufacturer or vendor of any item of equipment for any warranties with respect to such equipment.
Forthwith upon delivery of each Item of Equipment to Obligor, Obligor will inspect such Item, and unless Obligor gives Obligee prompt written notice of any defect in or other proper objection to such Item, Obligor shall, promptly upon completion of such inspection, execute and deliver to Obligee an Equipment Agreement Supplement for such Item, dated the Acceptance Date of such Item.
Other than as expressly set forth in the following sentence, no Item of Equipment shall be used or located at a location other than that identified therefor on the Related Equipment Agreement Supplement and in no event shall any Item of Equipment be used or located outside of the Permitted Countries.
An Item of Equipment shall be conclusively deemed to relate to the particular Related Exhibit A now or hereafter attached hereto and made a part hereof that is so identified on the Related Equipment Agreement Supplement of such Item.