Acquisition of Equipment Sample Clauses
Acquisition of Equipment. Borrower either has ordered or shall order the Equipment pursuant to one or more Purchase Agreements from one or more Vendors. Borrower shall remain liable to the Vendor or Vendors in respect of its duties and obligations in accordance with each Purchase Agreement and shall bear the risk of loss with respect to any loss or claim relating to any item of Equipment covered by any Purchase Agreement, and neither Lender nor Issuer shall assume any such liability or risk of loss.
Acquisition of Equipment. 7 Section 2.02. Loan..................................................................7 Section 2.03. Interest..............................................................7 Section 2.04. Payments..............................................................8 Section 2.05. Payment on Non-Business Days..........................................8 Section 2.06. Loan Payments to be Unconditional.....................................8 Section 2.07. Prepayments...........................................................9 Section 2.08. Special Obligations...................................................9 Section 2.09.
Acquisition of Equipment. Borrower and its Subsidiaries will not purchase or otherwise acquire any additional Equipment (including any substitutions for Equipment owned on the Closing Date) or make any other capital expenditures in violation of the Indenture, or which would cause Borrower and its Subsidiaries to be in default under the terms of this Agreement or any other Loan Document.
Acquisition of Equipment. It is the obligation of CITY to acquire and pay for equipment it intends to seek later reimbursement from ESD. Upon delivery and deployment of the equipment to CITY, ESD or its agent retains the right to inspect the equipment acquired by CITY.
Acquisition of Equipment. (a) Borrower either has ordered or shall order the Equipment pursuant to one or more Purchase Agreements from one or more Vendors. During the term of the Purchase Agreement, Borrower shall remain liable to each such Vendor with respect to its duties and obligations in accordance with the Purchase Agreement.
(b) The obligation of Lender to lend on the basis of an item of Equipment is subject to the following conditions:
(i) Borrower shall have accepted the Equipment by delivery to Lender of a Certificate of Acceptance, whereupon the item of Equipment shall immediately become subject to and governed by the provisions of the applicable Agreement.
(ii) There shall exist no Event of Default under this Master Financing Agreement or any condition, event or act which with notice or lapse of time, or both, would become an Event of Default which has not been remedied or waived. If either of the foregoing conditions has not been met with respect to an item of Equipment, the Borrower shall purchase and pay for such item with its own funds in accordance with the Purchase Agreement.
Acquisition of Equipment. The Authority may acquire any equipment or other personal property for the Authority’s use.
Acquisition of Equipment. Prior to the addition of any Equipment Group, Lessee shall provide Lessor with a description of the equipment proposed to be subject to a Lease hereunder, including the cost and vendor of such equipment, the expected delivery date and the desired lease terms for such equipment, and such other information as the Lessor may require. If Lessor, in its sole discretion, determines the proposed equipment may be subject to a Lease hereunder, Lessor shall furnish to Lessee a proposed Equipment Schedule relating to the Equipment Group for execution by Xxxxxx and then Lessor. By execution hereof, Lessor has made no commitment to lease any equipment to Lessee.
Acquisition of Equipment. The Lessee is hereby appointed as the Lessor’s agent for purposes of acquiring the Equipment. The Lessee shall be solely responsible for the selection and acquisition of the Equipment. The Lessee shall deliver to the Lender a Certificate of Acceptance in the form attached hereto as Exhibit C when the Equipment has been delivered to and accepted by the Lessee.
Acquisition of Equipment. (a) The County shall arrange for, supervise and provide for, or cause to be supervised and provided for, the acquisition of the Equipment with moneys available in the Acquisition Fund. The County represents the estimated costs of the Equipment are within the funds estimated to be available therefor, and Lessor makes no warranty or representation with respect thereto. Lessor shall have no liability under any of the acquisition or construction contracts. The County shall obtain all necessary permits and approvals, if any, for the acquisition, equipping and installation of the Equipment, and the operation and maintenance thereof. The Lessor shall have no liability under any contract for the acquisition, equipping and installation of the Equipment or any part thereof.
(b) Disbursements from the Acquisition Fund shall be made for the purpose of paying (including the reimbursement to County for advances from its own funds to accomplish the purposes hereinafter described) the cost of acquiring the Equipment..
(c) Amounts shall be disbursed from the Acquisition Fund from time to time upon delivery by the County to the Custodian of a properly completed and executed Disbursement Request in the form attached hereto as Exhibit A, stating each amount to be paid and the name of the person, firm or corporation to whom payment thereof is due.
Acquisition of Equipment. Borrower either has ordered or shall order the Equipment pursuant to one or more Purchase Agreements from one or more Vendors. Borrower shall remain liable to the Vendor or Vendors in respect of its duties and obligations in accordance with each Purchase Agreement and shall bear the risk of loss with respect to any loss or claim relating to any item of Equipment covered by any Purchase Agreement, and neither Lender nor Issuer shall assume any such liability or risk of loss. Borrower covenants and agrees to pay or cause to be paid such amounts as may be necessary to complete the acquisition and installation of the Equipment and to ensure that the Equipment is operational to the extent that the Loan Proceeds are insufficient to cause such acquisition and installation.