Equipment Leasing. Participating Entities may enter into lease agreements for the products covered in the Master Agreement. Responders who wish to participate in lease agreements with these individual states/entities must submit copies of all of their lease agreements with their response to this RFP. The lease agreements will not be reviewed or evaluated as part of the RFP evaluation process. The agreements will simply be made available to any state or entity who wishes to negotiate a lease agreement with a Contractor. Any additional Terms and Conditions submitted that are specifically for Equipment Leasing will not become part of the Master Agreement, but the negotiated Lease T&C’s will be made part of the PA.
Equipment Leasing. Some of the equipment, fixtures and furniture (collectively designated herein as “Trade Equipment”) now or hereafter installed and used by Tenant on the Property may be directly financed by a third-party lender or otherwise subjected to a security interest or owned by an equipment rental company (“Equipment Lessor”) and leased to Tenant either directly from the Equipment Lessor or by way of equipment sublease or assignment of equipment lease from an equipment sublessor (“Equipment Sublessor”), and Landlord hereby agrees to recognize the rights therein of any such third-party lender or Equipment Lessor or Sublessor (or assignee). Landlord agrees that all such items of financed or leased Trade Equipment installed or to be installed on the Property shall be and remain personal property and not real property, notwithstanding the fact that the same may be nailed or screwed or otherwise attached or affixed to the Property or improvements, and further agrees to recognize the rights therein of any such third-party lender or Equipment Lessor or Sublessor (or assignee). Tenant shall have the right at any time to remove or replace any or all Trade Equipment, whether or not financed or leased, regardless of whether attached or affixed to the Property, and to the extent of their respective interests therein such third-party lender or Equipment Lessor or Sublessor (or assignee) shall also have such a right. Except as otherwise provided in Subsection 9.2, Landlord agrees that it does not have and shall not assert any right, lien or claim in or to the financed or leased Trade Equipment and agrees that any third-party lender or Equipment Lessor or Sublessor (or assignee) may remove and sell the same without reference to, and free and clear of, any or other demand of Landlord, and that such sale may be made on the Property; provided, that such removing party shall be liable to Landlord for the repair of any damage caused to the Property as a result of such removal.
Equipment Leasing. 4 Section 2.13
Equipment Leasing. (a) All equipment leasing business of RBMG or its Affiliates is conducted by Republic Leasing Company, Inc.
(b) Each equipment lease entered into by Republic Leasing Company, Inc. (each a "Lease," and collectively, the "Leases") was entered into and documented in compliance with all applicable Laws and constitutes a valid and binding obligation of the parties thereto, enforceable in accordance with its terms, subject to bankruptcy, insolvency or other similar laws affecting the enforcement of creditors' rights generally and by general principles of equity (whether applied in a proceeding in equity or at law), except where such noncompliance is reasonably likely to have individually or in the aggregate, a Material Adverse Effect on RBMG and where such matter is unresolved as of the date of this Agreement.
Equipment Leasing. Neither NetBank nor any NetBank Subsidiary engages in or has engaged in the business of equipment leasing as of the date of this Agreement.
Equipment Leasing. AGIS shall lease to each of AMCO, ALLIED Life, AGI, and AGIMC certain electronic data processing equipment as agreed to by the parties and under such specific lease term and fees as follows:
(a) Reports will be given to AMCO, ALLIED Life, AGI, and AGIMC by AGIS on a monthly basis which shall identify the items of equipment subject to the lease (the "Equipment"). For each item of Equipment, the report shall specify any serial or model number, the term of the lease, 122 the monthly lease fee, the Equipment location, and the amount of lease deposit, if any.
(b) AGIS shall be responsible for the installation of the Equipment and for the coordination of any movement of such Equipment.
(c) AMCO, ALLIED Life, AGI, and AGIMC shall notify AGIS if there is a change in the location of each piece of leased Equipment.
(d) AMCO, ALLIED Life, AGI, and AGIMC shall be responsible for the use and maintenance of the Equipment and shall bear all risks of loss, theft, damage, or destruction of the Equipment.
(e) The Equipment shall have no warranties, and AGIS supplies the Equipment "as is".
(f) At the expiration of the lease term for each item of Equipment, the lease term will automatically extend on a month-to-month basis unless AMCO, ALLIED Life, AGI, or AGIMC provide AGIS with 30 days written notice of termination for identified equipment.
(g) After the expiration of the lease term for each item of Equipment, AMCO, ALLIED Life, AGI, and AGIMC shall promptly return to AGIS the Equipment unencumbered and in the same operating order, repair, condition, and appearance as when received (excepting only reasonable wear and tear resulting from proper use).
(h) This lease may be assigned and may be terminated by AMCO, ALLIED Life, AGI, and AGIMC with thirty (30) days written notice.
(i) This lease shall be construed and interpreted under the laws of the State of Iowa.
Equipment Leasing. (pg. 27 of the RFP)
Equipment Leasing. If Contractor leases Equipment from TC pursuant to the Equipment Lease information hereinabove, the following provisions from § 20 and its subsections, as well as § 21 and its subsections, shall apply:
Equipment Leasing. 36 ARTICLE VII - INSURANCE, DAMAGE, AND DESTRUCTION
Equipment Leasing. Some of the FF&E or other items of personal property installed on the Leased Premises may be (i) financed by a third-party lender, (ii) owned by an equipment rental company or vendor and leased to Tenant either directly or by way of an equipment sublease or an assignment of equipment lease from an equipment sublessor, or (iii) otherwise subject to a security interest. Any such lender, equipment leasing or subleasing company, vendor, or other holder of a security interest or its assignee shall be referred to as an "Equipment Lessor," and Landlord agrees to recognize the rights in any FF&E or other personal property granted to any Equipment Lessor. Provided that there is no Event of Default on Tenant's part, Tenant shall have the right at any time to remove any FF&E or other personal property, whether or not financed, leased, or subject to a security interest and whether or not affixed to the Leased Premises; to the extent of its interest therein, an Equipment Lessor shall also have such a right, regardless of whether Tenant is in Default under this Lease. Tenant or the other party causing such removal shall repair any damage to the Leased Premises caused thereby. Landlord waives the right of distraint except as to Tenant and agrees that any disposal or sale of the FF&E or other personal property may be made on the Leased Premises during the Term or within twenty (20) days after the termination or expiration of this Lease. END OF ARTICLE VI
