Casualty and Property Damage. An amount equal to the higher of the Lease Balance or the full replacement cost of the Equipment. This Schedule is not binding or effective with respect to the Agreement or Equipment until executed on behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee, respectively.
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Samples: Master Lease Financing Agreement (First American Corp)
Casualty and Property Damage. An amount equal to the higher of the Lease Balance Stipulated Loss Value or the full replacement cost of the Equipment. This Equipment Schedule is not binding or effective with respect to the Agreement or Equipment until executed on behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee, respectively.
Appears in 1 contract
Casualty and Property Damage. An amount equal to the higher of the Lease Balance or the full replacement cost of the Equipment. This Schedule is not binding or effective with respect to the Agreement or the Equipment until executed on behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee, respectively.
Appears in 1 contract
Samples: Master Lease Agreement (First American Financial Corp)
Casualty and Property Damage. An amount equal to the higher of the Lease Balance Stipulated Loss Value or the full replacement cost of the Equipment. This Schedule is not binding or effective with respect to the Agreement or Equipment until executed on behalf of Lessor and Lessee by authorized representatives of Lessor and Lessee, respectively.
Appears in 1 contract
