Common use of Delivery, Installation and Acceptance of Equipment Clause in Contracts

Delivery, Installation and Acceptance of Equipment. (a) Lessee shall order the Equipment to be acquired and financed hereunder, cause the Equipment to be delivered and installed at the location specified in the Equipment Schedule and pay any and all delivery and installation costs and other Equipment Costs in connection therewith through a Disbursement Request; provided that for costs in excess of the Acquisition Amount, Lessee shall pay such costs directly from its own legally available funds. Lessee shall conduct such inspection and testing of the Equipment as it deems necessary and appropriate in order to determine the Equipment’s capability and functionality in order to accept such Equipment. When the Equipment has been delivered and installed, Lessee shall promptly accept such Equipment and evidence said acceptance by executing and delivering Disbursement Requests to the Lessor pursuant to the Escrow Agreement for the purpose of effecting disbursements from the Escrow Account to pay (or reimburse) Equipment Costs for the Equipment so acquired and installed. In connection with the execution and delivery by Xxxxxx of the final Disbursement Request, Lessee shall deliver to Lessor an “Acceptance Certificate” in the form attached hereto as Exhibit E.

Appears in 1 contract

Samples: Equipment Lease

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Delivery, Installation and Acceptance of Equipment. (a) Lessee shall order the Equipment to be acquired and financed hereunderEquipment, cause the Equipment to be delivered and installed at the location specified in the Equipment Schedule and pay any and all delivery and installation costs and other Equipment Costs in connection therewith through a Disbursement Request; provided that for costs in excess of the Acquisition Amount, Lessee shall pay such costs directly from its own legally available fundstherewith. Lessee shall conduct such inspection and testing of the Equipment as it deems necessary and appropriate in order to determine the Equipment’s capability and functionality in order to accept such Equipment. When the Equipment has been delivered and installed, Lessee shall promptly accept such Equipment and evidence said acceptance by executing and delivering Disbursement Requests to the Lessor Escrow Agent pursuant to the Escrow Agreement for the purpose of effecting disbursements from the Escrow Account and the Delivery Costs Account to pay (or reimburse) Equipment Costs or Delivery Costs (as applicable) for the Equipment so acquired and installed. In connection with the execution and delivery by Xxxxxx Lessee of the final Disbursement Request, Lessee shall deliver to Lessor an “Acceptance Certificate” in the form attached hereto as Exhibit E.

Appears in 1 contract

Samples: Equipment Lease/Purchase Agreement

Delivery, Installation and Acceptance of Equipment. (a) Lessee shall order the Equipment to be acquired and financed hereunderEquipment, cause the Equipment to be delivered and installed at the location specified in the Equipment Schedule and pay any and all delivery and installation costs and other Equipment Costs in connection therewith through a Disbursement Request; provided that for costs in excess of the Acquisition Amount, Lessee shall pay such costs directly from its own legally available fundstherewith. Lessee shall conduct such inspection and testing of the Equipment as it deems necessary and appropriate in order to determine the Equipment’s capability and functionality in order to accept such Equipment. When the Equipment has been delivered and installed, Lessee shall promptly accept such Equipment and evidence said acceptance by executing and delivering Disbursement Requests to the Lessor Escrow Agent pursuant to the Escrow Agreement for the purpose of effecting disbursements from the Escrow Account and the Delivery Costs Account to pay (or reimburse) Equipment Costs or Delivery Costs (as applicable) for the Equipment so acquired and installed. In connection with the execution and delivery by Xxxxxx of the final Disbursement Request, Lessee shall deliver to Lessor an “Acceptance Certificate” in the form attached hereto as Exhibit E.

Appears in 1 contract

Samples: Control Agreement

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Delivery, Installation and Acceptance of Equipment. (a) Lessee shall order the Equipment to be acquired and financed hereunderEquipment, cause the Equipment to be designed, acquired, constructed, delivered and installed in accordance with the Vendor Agreement, and at the location locations specified in the Equipment Schedule and pay any and all delivery and installation costs and other Equipment Costs in connection therewith through a Disbursement Request; provided that for costs in excess of the Acquisition Amount, Lessee shall pay such costs directly from its own legally available fundstherewith. Lessee shall conduct such inspection and testing of the Equipment as it deems necessary and appropriate in order to determine the Equipment’s capability and functionality in order to accept such Equipment. When the Equipment has been delivered and installed, Lessee shall promptly accept such Equipment and evidence said acceptance by executing and delivering Disbursement Requests to the Lessor pursuant to the Escrow Agreement for the purpose of effecting disbursements from the Escrow Account to pay (or reimburse) Equipment Costs for the Equipment so acquired and installed. In connection with the execution and delivery by Xxxxxx Lessee to Lessor of the final Disbursement Request, Lessee shall deliver to Lessor an a Final Acceptance Certificate” in the form attached hereto as Exhibit E.

Appears in 1 contract

Samples: Tax Exempt Equipment Lease/Purchase Agreement

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