Common use of Lease of Equipment Clause in Contracts

Lease of Equipment. In accordance with the terms and conditions of this Master Agreement, Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the units of personal property (hereinafter individually called a "Unit" and collectively called "Equipment") described in supplement(s) which are executed pursuant to and incorporate the terms of this Master Agreement (each hereinafter, a "Supplement"). Each Supplement shall constitute a separate, distinct, and independent lease and contractual obligation of Lessee. The term "Lease" as used hereinafter shall refer to an individual Supplement which incorporates the terms of this Master Agreement. Lessor or its assignee shall retain the full legal title to the Equipment, it being expressly agreed by both parties that this Master Agreement and each Lease shall constitute an agreement of lease only. Each Lease shall be binding upon Lessor and Lessee from the date of acceptance and execution of the applicable Supplement, by Lessor at its headquarters.

Lease of Equipment. In accordance with the terms and conditions of this Master Agreement, Lessor agrees to lease to Lessee, and Lessee agrees to lease from Lessor, the units of personal property (hereinafter individually called a "Unit" and collectively called "Equipment") described in supplement(s) which are executed pursuant to and incorporate the terms of this Master Agreement (each hereinafter, a "Supplement"). Each Supplement shall constitute a separate, distinct, and independent lease and contractual obligation of Lessee. The term "Lease" as used hereinafter shall refer to an individual Supplement which incorporates the terms of this Master Agreement. Lessor or its assignee shall retain the full legal title to the Equipment, it being expressly agreed by both parties that this Master Agreement and each Lease shall constitute an agreement of lease only. Each Lease Lessee shall be binding upon Lessor and Lessee from the date of acceptance and execution of the applicable Supplement, by Lessor at its headquarters.

Lease of Equipment. In accordance with the terms and conditions of this Master Agreement, Lessor agrees to lease to Lessee, . and Lessee agrees agree to lease from Lessor, the units of personal property (hereinafter individually called a "Unit" and collectively called "Equipment") described in supplement(s) which are executed pursuant to and incorporate the terms of this Master Agreement (each hereinafter, a "Supplement"). Each Supplement shall constitute a separate, distinct, and independent lease and contractual obligation of Lessee. The term "Lease" as used hereinafter shall refer to an individual Supplement which incorporates the terms of this Master Agreement. Lessor or its assignee shall retain the full legal title to the Equipment, it being expressly agreed by both parties that this Master Agreement and each Lease shall constitute an agreement of lease only. Each Lease shall be binding upon Lessor and Lessee from the date of acceptance and execution of the applicable Supplement, by Lessor at its headquarters.