Common use of Acquisition of Equipment Clause in Contracts

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. (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 the each such Vendor or Vendors in with respect of to 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.