Common use of LEASE; LESSOR'S RIGHT TO TERMINATE Clause in Contracts

LEASE; LESSOR'S RIGHT TO TERMINATE. Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, the equipment described above or on any schedule attached hereto (the "Schedule(s)") (the equipment with all replacement parts, repairs, additions and accessories is herein called the "Equipment") on the terms and conditions as set forth in this lease and any Schedule(s) (hereinafter such lease and any Schedule(s) referred to as the "Lease"). Lessee hereby authorizes Lessor to order the Equipment from a supplier selected by Lessee (the "Supplier") and arrange for delivery to Lessee at Lessee's expense. In the event the Equipment is not delivered to Lessee within 90 days of the date Lessor orders the Equipment, Lessor may cancel the Lease and any obligation to Lessee hereunder. Lessee authorizes Lessor to insert in the Lease, when determined by Lessor, the serial numbers and other identification data of the Equipment, and other omitted factual matters.