Existing Leased Equipment Sample Clauses

Existing Leased Equipment. Subject to Section 6.6, as of the Effective Date: (i) Empire assigns to IBM, and IBM accepts such assignment for, the leases for Existing Leased Equipment, including as identified in Schedule F, and (ii) IBM shall be operationally, administratively, and financially responsible for all Existing Leased Equipment. IBM shall pay directly (or reimburse Empire in the case of prepayment of) the charges under such leases that are attributable to periods on and after the Effective Date. IBM shall comply with the duties imposed by such leases.