Common use of FORFEITURE OF STI INTEREST ON DEFAULT Clause in Contracts

FORFEITURE OF STI INTEREST ON DEFAULT. Upon default, for any reason, STI and STI's successor in interest shall have no right, title, or interest in the leased property, its possession, or its use. MDC shall retain all rents and other payments of any kind made by STI under this Agreement.

Appears in 6 contracts

Samples: Equipment Lease (Simple Technology Inc), Equipment Lease (Simple Technology Inc), Equipment Lease (Simple Technology Inc)

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