Common use of Assumption of Equipment Leases Clause in Contracts

Assumption of Equipment Leases. As of March 1, 1997, Lessee shall assume all of Lessor's obligations under the equipment leases attached hereto as COLLECTIVE EXHIBIT D which is incorporated herein by reference (the "Leased Equipment"). During the term of this Lease, Lessee shall have the right to use the Leased Equipment. Upon termination of this Lease, regardless of the cause of such termination, all rights associated with the lease of sound and light equipment (Pearson Leasing & Financial Corporation d/b/a Citizens National Leasing), including title to such equipment if the Lease and any purchase option has been paid in full, shall be the sole and exclusive property of Lessor. Lessee shall use its best faith efforts to facilitate and arrange for a reasonable sale of the video equipment currently leased by Pro Lease Funding Group, Inc. to Xxxxxxxx Farms, LLC. Lessee is not assuming any obligations under a lease between Xxx Xxxx Industries, Inc. and Xxxxxxxx Farms, LLC in connection with the Message Reader. Provided, however, Lessee shall have the right to use the Message Reader in accordance with the terms set forth in PARAGRAGH 11 hereof, and Lessor shall cause Xxxxxxxx Farms, LLC to make such Message Reader available to Lessee.

Assumption of Equipment Leases. As of March 1, 1997, Lessee shall assume all of Lessor's obligations under the equipment leases attached hereto as COLLECTIVE EXHIBIT D which is incorporated herein by reference (the "Leased Equipment"). During Durinc the term of this Lease, Lessee shall have the right to use the Leased Equipment. Upon termination of this Lease, regardless of the cause of such termination, all rights associated with the lease of sound and light equipment (Pearson Leasing & Financial Corporation d/b/a Citizens National Leasing), including title to such equipment if the Lease and any purchase option has been paid in full, shall be the sole and exclusive property of Lessor. Lessee shall use its best faith efforts to facilitate and arrange for a reasonable sale of the video equipment currently leased by Pro Lease Funding Group, Inc. to Xxxxxxxx Farms, LLC. Lessee is not assuming any obligations under a lease between Xxx Xxxx Industries, Inc. and Xxxxxxxx Farms, LLC in connection with the Message Reader. Provided, however, Lessee shall have the right to use the Message Reader in accordance with the terms set forth in PARAGRAGH PARAGRAPH 11 hereof, and Lessor shall cause Xxxxxxxx Farms, LLC to make such Message Reader available to Lessee.