Common use of ACCEPTANCE OF EQUIPMENT Clause in Contracts

ACCEPTANCE OF EQUIPMENT. The Equipment is to be delivered and installed at the location specified or referred to in the applicable Equipment Schedule. The Equipment shall be deemed to have been accepted by Customer for all purposes under this Agreement upon Customer's execution of an Equipment Schedule (the "Acceptance Date"). Customer shall not be liable or responsible for any failure or delay in the delivery of the Equipment to Customer for whatever reason.

Appears in 3 contracts

Samples: Master Loan and Security Agreement (Cellomics Inc), Amendment Agreement (Altus Pharmaceuticals Inc.), Master Loan and Security Agreement (Paradigm Genetics Inc)

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ACCEPTANCE OF EQUIPMENT. The Equipment is to be delivered and installed at the location specified or referred to in the applicable Equipment Schedule. The Equipment shall be deemed to have been accepted by Customer for all purposes under this Agreement upon Customer's ’s execution of an Equipment Schedule (the "Acceptance Date")”) without limiting Customer’s ability to pursue any rights it may have against any vender or supplier of the Equipment. Customer shall not be liable or responsible for any failure or delay in the delivery of the Equipment to Customer for whatever reason.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Icagen Inc), Master Loan and Security Agreement (Icagen Inc)

ACCEPTANCE OF EQUIPMENT. The Equipment is to be delivered and installed at the location specified or referred to in the applicable Equipment Schedule. The Equipment shall be deemed to have been accepted by Customer for all purposes under this Agreement upon Customer's execution of an Equipment Schedule (the "Acceptance Date"). Customer Lender shall not be liable or responsible for any failure or delay in the delivery of the Equipment to Customer for whatever reason.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Liposcience Inc)

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ACCEPTANCE OF EQUIPMENT. The Equipment is to be delivered and installed (or located, as applicable) at the location specified or referred to in the applicable Equipment Schedule. The Equipment shall be deemed to have been accepted by Customer for all purposes under this Agreement upon Customer's execution of an Equipment Schedule (the "Acceptance Date"). Customer Lender shall not be liable or responsible for any failure or delay in the delivery of the Equipment to Customer for whatever reason.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Autocyte Inc)

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