Certain Equipment Leases Sample Clauses

Certain Equipment Leases. Contemporaneously with the execution and delivery hereof, Tenant shall deliver to Landlord true and complete copies of the leases covering the generator and the UPS system and the telephone system installed in the Premises and any and all amendments thereto (collectively, the "Equipment Leases"). Tenant shall keep the Equipment Leases in full force and effect and free from default through June 30, 2000. Tenant shall not modify the Equipment Leases without the prior written consent of Landlord. Upon request of Landlord, Tenant shall execute an assignment of one or more of the Equipment Leases in form and content reasonably acceptable to Landlord, effective as of June 30, 2000, subject to any required consents of the lessor(s) thereunder. Tenant shall use its best efforts to negotiate reduced buyouts of the equipment subject to the Equipment Leases effective as of June 30, 2000 to allow the acquisition and transfer of such equipment to Landlord or its designee(s) on favorable terms. If Landlord is satisfied with the terms of any buyout (in Landlord's sole discretion) and elects to have the buyout consummated and to have the equipment transferred to Landlord or its designee, Landlord will credit against the principal amount of the Certificate, the difference between the higher buyout price required under the express terms of the applicable Equipment Lease and the reduced buyout price negotiated by Tenant.

Certain Equipment Leases. (a) AB is the lessee under the equipment leases described in Schedule 15.14 attached hereto and made part hereof (collectively the "Leases"). AB hereby grants to Hibbing the right to use the equipment leased under the Leases during the Term hereof and Hibbing shall pay to AB all current installments of regularly scheduled amounts required to be paid by AB thereunder, when and as due. AB represents and warrants to Hibbing that, to date, AB has performed and paid all obligations of AB under the Leases and no event of default has occurred and is continuing under any of the Leases. During the term of this Agreement: (i) AB will not terminate, modify or amend the Leases without Hibbing's prior written consent (which may not be unreasonably withheld or delayed); and (ii) AB will pay and perform all of its obligations under the Leases. AB has provided Hibbing with true, correct and complete copies of the Leases. (b) Hibbing shall indemnify and hold AB harmless from any liability or expense, including attorneys' fees, arising out of claims made, suits or proceedings brought against AB by any party relating to Hibbing's use or possession of the Equipment covered by the Leases other than on account of the failure to obtain consents contemplated by this Section 15.14.

Certain Equipment Leases. Seller shall assign to Buyer and Buyer ------------------------ shall assume the equipment leases which are described on Schedule 1.5, affixed hereto and by this reference made a part hereof.

Certain Equipment Leases. Schedule 3.30 is a complete list of all equipment leases entered into by Omega for which the Seller has signed a personal guaranty.

Certain Equipment Leases. Exhibit G sets forth all master lease agreements to which Huttig is a party and pursuant to which Huttig leases vehicles and equipment located at the Facilities (the “Master Leases”), including the following Master Leases: (i) that certain Security Agreement dated June 18, 2003 between The CIT Group/Equipment Financing, Inc. and Huttig (the “CIT Agreement”); (ii) that certain Truck Lease Agreement dated December 7, 2001 between Ryder Truck Rental, Inc. and Huttig (the “Ryder Agreement”); and (iii) that certain Term Lease Master Agreement dated August 15, 1984 between IBM Credit Corporation and Huttig f/k/a Huttig Sash and Door Company, as amended by an Amendment to Term Lease Master Agreement dated November 13, 2000, an Addendum to Term Lease Supplement dated April 19, 2001 (Supplement No. R00962640), an Addendum to Term Lease Supplement dated May 10, 2001 (Supplement No. R00962640), an Addendum to Term Lease Supplement dated June 26, 2001 (Supplement No. D00985264), an Addendum to Term Lease Supplement dated August 24, 2001 (Supplement No. R00001527), and an Addendum to Term Lease Supplement dated February 1, 2002 (Supplement No. R00042871) (the “IBM Agreement” and, together with the CIT Agreement and the Ryder Agreement, the “Delayed Lease Agreements”). Effective as of the Effective Time, Huttig shall grant the Buyer the right to purchase the Delayed Equipment directly from the lessors under the Master Leases. To the extent the Buyer does not exercise this right, Huttig shall grant the Buyer the right to exclusive use of each item of Delayed Equipment until Huttig shall have acquired each such item and transferred title to the Buyer or partially assigned, leased or subleased such item to the Buyer. The Buyer shall reimburse Huttig for all of Huttig’s payments pursuant to the Delayed Lease Agreements with respect to the Delayed Equipment during the period beginning on the Closing Date and ending with respect to each item of Delayed Equipment upon transfer of title for, or a valid leasehold interest in, such item to the Buyer (with respect to each such item, the “Use Period”). During the Use Period, the Buyer shall bear the risk of loss of the Delayed Equipment. Huttig shall as soon as reasonably practicable following Closing use commercially reasonable efforts, at its expense, to either purchase the Delayed Equipment or, upon obtaining the appropriate consent from a lessor under the Delayed Lease Agreements, partially assign the Delayed Lease Agreement to...