Common use of Acquisition and Lease of Equipment Clause in Contracts

Acquisition and Lease of Equipment. (a) Lessor will, subject to the terms of this Master Lease, purchase the Equipment set forth in Equipment Schedule A and simultaneously lease such Equipment to Lessee. The approximate purchase price for each unit of Equipment is as set forth in Equipment Schedule A. Lessee acknowledges either:

Appears in 2 contracts

Samples: 21 Master Equipment Lease (Bioanalytical Systems Inc), Master Equipment Lease (Cintech Solutions Inc)

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Acquisition and Lease of Equipment. (a) ). Lessor will, subject to the terms of this Master Lease, purchase the Equipment set forth in Equipment Schedule A from Lessee and simultaneously lease such Equipment back to Lessee. The approximate purchase price for each unit of Equipment is as set forth in Equipment Schedule A. Lessee acknowledges either:(b). Lessor shall be under no obligation to purchase any item of Equipment if there shall exist an Event of Default or any condition, event or act which, with notice or lapse of time or both, would become an Event of Default. Section 2.

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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Acquisition and Lease of Equipment. (a) ). Lessor will, subject to the terms of this Master Lease, purchase the Equipment set forth in Equipment Schedule A and simultaneously lease such Equipment to Lessee. The approximate purchase price for each unit of Equipment is as set forth in Equipment Schedule A. Lessee acknowledges either:

Appears in 1 contract

Samples: Master Equipment Lease (Planar Systems Inc)

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