Common use of LEASE AGREEMENT AND TERM Clause in Contracts

LEASE AGREEMENT AND TERM. Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the Property described in the attached Exhibit A (Property Schedule) for an initial period of _______ (__) months commencing on the date the Property is accepted by Lessee as evidenced by Lessee’s execution of Certificates of Acceptance unless earlier terminated by Lessee pursuant to paragraph 16, below. Rent: Lessee agrees to pay Lessor the rental payments set forth per the Payment Schedule incorporated herein as Exhibit B for the Property for the full term of the Lease. The first rental payment shall become due and payable upon Property acceptance. Acceptance shall be documented in a written Acceptance Certificate signed by the Lessee’s authorized signatory. Each subsequent rental payment will be due and payable on the same day each successive month thereafter throughout the Lease Term. Lessor shall invoice Lessee monthly in advance no less than thirty (30) days prior to the rental payment due date. Invoices must reference Lessee’s Purchase Order Number and be submitted to: UTMB – Accounts Payable 000 Xxxxxxxxxx Xxxxxxxxx – Xx. 0000 Xxxxxxxxx, Xxxxx 00000-0000

LEASE AGREEMENT AND TERM. Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the Property described in the attached Exhibit A (Property Schedule) for an initial period of _______ (__) months commencing on the date the Property is accepted by Lessee as evidenced by Lessee’s execution of Certificates of Acceptance unless earlier terminated by Lessee pursuant to paragraph 16, below. Rent: Lessee agrees to pay Lessor the rental payments set forth per the Payment Schedule incorporated herein as Exhibit B for the Property for the full term of the Lease. The first rental payment shall become due and payable upon Property acceptance. Acceptance shall be documented in a written Acceptance Certificate signed by the Lessee’s authorized signatoryPurchasing Director. Each subsequent rental payment will be due and payable on the same day each successive month thereafter throughout the Lease Term. Lessor shall invoice Lessee monthly in advance no less than thirty (30) days prior to the rental payment due date. Invoices must reference Lessee’s Purchase Order Number and be submitted to: UTMB – Accounts Payable 000 Xxxxxxxxxx Xxxxxxxxx – Xx. 0000 Xxxxxxxxx, Xxxxx 00000-0000

LEASE AGREEMENT AND TERM. Lessor hereby leases to Lessee and Lessee hereby leases from Lessor the Property described in the attached Exhibit A (Property Schedule) for an initial period of _______ (__) months commencing on the date the Property is accepted by Lessee as evidenced by LesseeXxxxxx’s execution of Certificates of Acceptance unless earlier terminated by Lessee pursuant to paragraph 16, below. Rent: Lessee Xxxxxx agrees to pay Lessor the rental payments set forth per the Payment Schedule incorporated herein as Exhibit B for the Property for the full term of the Lease. The first rental payment shall become due and payable upon Property acceptance. Acceptance shall be documented in a written Acceptance Certificate signed by the Lessee’s authorized signatory. Each subsequent rental payment will be due and payable on the same day each successive month thereafter throughout the Lease Term. Lessor shall invoice Lessee monthly in advance no less than thirty (30) days prior to the rental payment due date. Invoices must reference LesseeXxxxxx’s Purchase Order Number and be submitted to: UTMB – Accounts Payable 000 Xxxxxxxxxx Xxxxxxxxx – Xx. 0000 XxxxxxxxxGalveston, Xxxxx 00000Texas 77555-00000907