Common use of Equipment Leases Clause in Contracts

Equipment Leases. Attached hereto as Exhibit E is a list of all equipment leases to which Seller is a party for the leasing of equipment for the Properties, including (without limitation) a list of all amendments and modifications thereto and assignments thereof (which leases, together with the equipment leases entered into with respect to the Properties after the date hereof with the consent of Purchaser pursuant to Section 6 below, are herein referred to collectively as the "Equipment Leases"). To the best of Seller's knowledge, except as may be shown in said exhibit, all of the Equipment Leases are in full force and effect and free from default and there is no existing event which, with the passage of time or giving of notice, or both, could become a default under the Equipment Leases, and there are no disputes, claims or rights of set-off under the Equipment Leases.

Appears in 6 contracts

Samples: Purchase and Sale Agreement (Famous Host Lodging v Lp), Purchase and Sale Agreement (Super 8 Motels Ii LTD), Purchase and Sale Agreement (Super 8 Motels Ii LTD)

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Equipment Leases. Attached hereto as Exhibit E D is a list of all equipment leases to which Seller is a party for the leasing of equipment for the Properties, including (without limitation) a list of all amendments and modifications thereto and assignments thereof (which leases, together with the equipment leases entered into with respect to the Properties after the date hereof with the consent of Purchaser pursuant to Section 6 below, are herein referred to collectively as the "Equipment Leases"). To the best of Seller's knowledge, except as may be shown in said exhibit, all of the Equipment Leases are in full force and effect and free from default and there is no existing event which, with the passage of time or giving of notice, or both, could become a default under the Equipment Leases, and there are no disputes, claims or rights of set-off under the Equipment Leases.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Super 8 Economy Lodging Iv LTD), Purchase and Sale Agreement (Super 8 Economy Lodging Iv LTD)

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