Common use of Equipment Purchase and Lease Clause in Contracts

Equipment Purchase and Lease. (a) On each Equipment Closing Date and subject to the terms and conditions of this Agreement and the Credit Agreement (i) the Investor will make an Investor Contribution in accordance with Section 2 hereof, (ii) the Lenders will make Loans in accordance with Section 5 hereof and the terms and provisions of the Credit Agreement, which Loans will be secured by the Security Agreement executed and delivered by the Lessor and joined in by the Lessee, (iii) the Lessor will purchase all right, title and interest of Lessee in and to each piece of Equipment to be purchased on such Equipment Closing Date and (iv) the Lessor will simultaneously lease all of its right, title and interest in such Equipment to the Lessee by executing and delivering a Lease Supplement.

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co)

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Equipment Purchase and Lease. (a) On each Equipment Closing Date and subject to the terms and conditions of this Agreement and the Credit Agreement (i) the Investor Investors will make an Investor Contribution in accordance with Section 2 hereof, (ii) the Lenders will make Loans in accordance with Section 5 hereof and the terms and provisions of the Credit Agreement, which Loans will be secured by the Security Agreement executed and delivered by the Lessor and joined in by the Lessee, (iii) the Lessor will purchase all right, title and interest of Lessee in and to each piece of Equipment to be purchased on such Equipment Closing Date and (iv) the Lessor will simultaneously lease all of its right, title and interest in such Equipment to the Lessee by executing and delivering a Lease Supplement.

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co)

Equipment Purchase and Lease. (a) On each Equipment Closing Date --------------------------------- and subject to the terms and conditions of this Agreement and the Credit Agreement (i) the Investor will make an Investor Contribution in accordance with Section 2 hereof, (ii) the Lenders will make Loans in accordance with Section 5 hereof and the terms and provisions of the Credit Agreement, which Loans will be secured by the Security Agreement executed and delivered by the Lessor and joined in by the Lessee, (iiiii) the Lessor will purchase all right, title and interest of Lessee in and to each piece of Equipment to be purchased on such Equipment Closing Date and (iviii) the Lessor will simultaneously lease all of its right, title and interest in such Equipment to the Lessee by executing and delivering a Lease Supplement.

Appears in 1 contract

Samples: Participation Agreement (Hanover Compressor Co /)

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Equipment Purchase and Lease. (a) On each Equipment Closing Date and subject to the terms and conditions of this Agreement and the Credit Agreement (i) the Investor will make an Investor Contribution in accordance with Section 2 hereof, (ii) the Lenders will make Loans in accordance with Section 5 hereof and the terms and provisions of the Credit Agreement, which Loans will be secured by the Security Agreement executed and delivered by the Lessor and joined in by the Lessee, (iii) the Lessor will purchase all right, title and interest of Lessee in and to each piece of Equipment to be purchased on such Equipment Closing Date and (iv) the Lessor will simultaneously lease all of its right, title and interest in such Equipment to the Lessee by executing and delivering a Lease Supplement.

Appears in 1 contract

Samples: Participation Agreement (Hanover Compression Inc)

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