Common use of ALTERATIONS AND ADDITIONS TO EQUIPMENT Clause in Contracts

ALTERATIONS AND ADDITIONS TO EQUIPMENT. Lessee shall make no alterations or additions to the Equipment, except those that (a) will not void any warranty made by the Supplier of the Equipment, result in the creation of any security interest, lien or encumbrance on the Equipment or impair the value or use of the Equipment either at the time made or at the end of the Total Term of the applicable Lease, and that are readily removable without damage to the Equipment ("Optional Additions"), or (b) are required by any applicable law, regulation or order. All additions to the Equipment or repairs made to the Equipment, except Optional Additions, become a part thereof and Lessor's property at the time made; Optional Additions which have not been removed prior to the return of the Equipment shall become Lessor's property upon such return.

Appears in 3 contracts

Samples: Master Lease and Financing Agreement (Liveperson Inc), Master Lease and Financing Agreement (Altavista Co), Compaq Financial Services (Appliedtheory Corp)

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ALTERATIONS AND ADDITIONS TO EQUIPMENT. Lessee shall make no alterations or additions to the Equipment, except those that (a) will not void any warranty made by the Supplier of the Equipment, result in the creation of any security interest, lien or encumbrance on the Equipment or impair the value or use of the Equipment either at the time made or at the end of the Total Term of the applicable Lease, and that are readily removable without damage to the Equipment ("Optional Additions"), or (b) are required by any applicable law, regulation or order. All additions to the Equipment or repairs made to the Equipment, except Optional Additions, become a part thereof and Lessor's property at the time made; Optional Additions Additions, which have not been removed prior to the return of the Equipment shall become Lessor's property upon such return.

Appears in 1 contract

Samples: Master Lease and Financing Agreement (Vicinity Corp)

ALTERATIONS AND ADDITIONS TO EQUIPMENT. Lessee shall make no alterations or additions to the Equipment, except those that (a) will not void any warranty made by the Supplier of the Equipment, result in the creation of any security interest, lien or encumbrance on the Equipment or impair the value or use of the Equipment either at the time made or at the end of the Total Term of the applicable Lease, and that are readily removable without damage to the Equipment ("Optional Additions"), or (b) are required by any applicable law, law regulation or order. All additions to the Equipment or repairs made to the Equipment, except Optional Additions, become a part thereof and Lessor's property at the time made; Optional Additions which have not been removed prior to the return of the Equipment shall become Lessor's property upon such return.

Appears in 1 contract

Samples: Master Lease and Financing Agreement (Futurelink Corp)

ALTERATIONS AND ADDITIONS TO EQUIPMENT. Lessee shall make no alterations or additions to any of the EquipmentEquipment on this Master Lease Agreement, except those that (a) will not void any warranty made by the Supplier of the EquipmentManufacturer/Supplier, result in the creation of any security interest, lien or encumbrance on the Equipment or impair the value or of use of the Equipment either at the time made or at the end of the Total Term of the applicable Lease, and that are readily removable without damage to the Equipment ("Optional Additions"), Equipment; or (b) are required by any applicable law, regulation or order. All additions to the Equipment or repairs made to the Equipment, except Optional AdditionsEquipment, become a part thereof of the Equipment and Lessor's ’s property at the time made; Optional Additions Equipment added to the Equipment on the said Lease which have not been removed prior to the return of the Equipment to Lessor shall become Lessor's property upon such return’s property.

Appears in 1 contract

Samples: Master Lease Agreement

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ALTERATIONS AND ADDITIONS TO EQUIPMENT. Lessee shall You will not make no any alterations or additions to the Equipment, except those that (a) will not void any warranty made by the Supplier of the Equipment, result in the creation of any security interest, lien or encumbrance on the Equipment or impair the value or use of the Equipment either at the time made or at the end of the Total Term of the applicable Lease, and that are readily removable without damage to the Equipment ("Optional Additions"), or (b) are required by any applicable law, regulation or order. All additions to the Equipment or repairs made to the Equipment, except Optional Additions, become a part thereof of the Equipment, except Optional Additions, become a part of the Equipment and Lessor's our property at the time made; Optional Additions which have not been removed prior to the return of the Equipment shall will become Lessor's our property upon such return.

Appears in 1 contract

Samples: Global Master Lease and Financing Agreement (Digital Island Inc)

ALTERATIONS AND ADDITIONS TO EQUIPMENT. Lessee shall make no alterations or additions to the Equipment, except those that (a) will not void any warranty made by the Supplier of the EquipmentManufacturer/Supplier, result in the creation of any security interest, lien or encumbrance on the Equipment or impair the value or of use of the Equipment either at the time made or at the end of the Total Term of the applicable Lease, and that are readily removable without damage to the Equipment ("Optional Additions"), Equipment; or (b) are required by any applicable law, regulation or order. All additions to the Equipment or repairs made to the Equipment, except Optional AdditionsEquipment, become a part thereof of the Equipment and Lessor's ’s property at the time made; Optional Additions Equipment which have not been removed prior to the return of the Equipment shall become Lessor's property upon such return’s property.

Appears in 1 contract

Samples: Master Agreement

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