Common use of Indemnity Payments in Addition to Residual Value Guarantee Amount Clause in Contracts

Indemnity Payments in Addition to Residual Value Guarantee Amount. The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 hereof, the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.

Appears in 4 contracts

Samples: Participation Agreement (Peoplesoft Inc), Participation Agreement (Vitesse Semiconductor Corp), Participation Agreement (Chase Industries Inc)

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Indemnity Payments in Addition to Residual Value Guarantee Amount. The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay pay, the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise in the event the Lessee elects the Remarketing Option, the Lessee shall only be required to pay any Shortfall Amount to the extent set forth in Section 13.2 hereof, the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.

Appears in 1 contract

Samples: Participation Agreement (Yahoo Inc)

Indemnity Payments in Addition to Residual Value Guarantee Amount. The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section 13 are separate from, in addition to, and do not reduce, its obligation to pay the Residual Value Guarantee Amount under the Lease; provided, that except as otherwise set forth in Section 13.2 hereof, the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.

Appears in 1 contract

Samples: Participation Agreement (Quantum Corp /De/)

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Indemnity Payments in Addition to Residual Value Guarantee Amount. The Lessee acknowledges and agrees that its obligations to make indemnity payments under this Section SECTION 13 are separate from, in addition to, and do not reduce, its obligation to pay the pay, any Residual Value Guarantee Amount under the Lease; providedPROVIDED, that except as otherwise in the event the Lessee elects the Remarketing Option, the Lessee shall only be required to pay any Shortfall Amount to the extent set forth in Section SECTION 13.2 hereof, the Shortfall Amount payable by the Lessee in connection with the Remarketing Option under the Lease shall not be increased under this Section 13.

Appears in 1 contract

Samples: Participation Agreement (Triquint Semiconductor Inc)

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