Common use of Disposal of Equipment Clause in Contracts

Disposal of Equipment. If Lessee shall determine at any time and from time to time that any item or items of Equipment are obsolete or no longer suitable for Lessee's use in connection with Lessee's business or operations at the Premises, Lessee may sell, transfer, exchange, or otherwise dispose of such item(s) in such manner as Lessee may deem appropriate. If requested by Lessee, Lessor shall deliver to Lessee or to Lessee's designee a bill xx sale, in form and substance reasonably satisfactory to Lessee, duly executed and acknowledged by Lessor, which shall be sufficient to convey and transfer to Lessee or its designee all of Lessor's right, title and interest in and to the item(s), free and clear of all liens and encumbrances whatsoever. Lessee may retain as its sole and absolute property the proceeds, whether in cash or in exchange property or otherwise, of any sale, transfer, exchange or other disposition of any such items.

Disposal of Equipment. If Lessee shall determine at any time and from time to time that any item or items of Equipment are obsolete or no longer suitable for Lessee's use in connection with Lessee's business or operations at the Premises, Lessee may sell, transfer, exchange, or otherwise dispose of such item(s) in such manner as Lessee may deem appropriate. If requested by Lessee, Lessor shall deliver to Lessee or to Lessee's designee a bill xx xxxx of sale, in form and substance reasonably satisfactory to Lessee, duly executed and acknowledged by Lessor, which shall be sufficient to convey and transfer to Lessee or its designee all of Lessor's right, title and interest in and to the item(s), free and clear of all liens and encumbrances whatsoever. Lessee may retain as its sole and absolute property the proceeds, whether in cash or in exchange property or otherwise, of any sale, transfer, exchange or other disposition of any such items; provided, however, Lessee shall use any proceeds received from any such disposal to acquire replacement equipment or other equipment which shall be located and used at the Hospital.

Disposal of Equipment. If Lessee shall determine at any time and time, or from time to time time, that any item or items of Equipment are obsolete or are no longer suitable for Lessee's use in connection with Lessee's business or operations at the Premises, Lessee may sell, transfer, exchange, or otherwise dispose of such item(s) item or items in such manner for such consideration and as Lessee may may, in its sole discretion, deem appropriate. If requested by Lessee, Lessor Lessors shall deliver to Lessee or to Lessee's designee a bill xx salexxxx of sale or other document or instrument of conveyance, in form and substance reasonably satisfactory to Lessee, duly executed and acknowledged by LessorLessors, which shall be sufficient to convey and transfer to Lessee or its designee all of Lessor's Lessors' right, title and interest in and to the item(s)item or other document or instrument of conveyance, free and clear of all liens and encumbrances whatsoever. Lessee may retain as its sole and absolute property the proceeds, whether in cash or in exchange they be cash, exchanged property or otherwiseother, of any sale, transfer, exchange or other disposition of any such item or items.

Disposal of Equipment. If Lessee shall determine at any time and from time to time that any item or items of Equipment are obsolete or no longer suitable for Lessee's use in connection with Lessee's business or operations at the Premises, Lessee may sell, transfer, exchange, or otherwise dispose of such item(s) in such manner as Lessee may deem appropriateappropriate in accordance with Section 4.2(b). If requested by Lessee, Lessor shall deliver to Lessee or to Lessee's designee a bill xx sale, in form and substance reasonably satisfactory to Lessee, duly executed and acknowledged by Lessor, which shall be sufficient to convey and transfer to Lessee or its designee all of Lessor's right, title and interest in and to the item(s), free and clear of all liens and encumbrances whatsoeverwhatsoever other than Permitted Encumbrances. Lessee may retain as its sole and absolute property the proceeds, whether in cash or in exchange property or otherwise, of any sale, transfer, exchange or other disposition of any such items.