Lease of Property; Transaction Documents Sample Clauses

Lease of Property; Transaction Documents. Subject to the terms and conditions of this Agreement, Lessor will finance Lessee’s purchase and, if required, the installation and/or maintenance of, those items of tangible personal property identified in each schedule of property substantially in the form attached hereto as Attachment A (a “Property Schedule”) that is executed and delivered pursuant to this Agreement (each such item, and collectively, the “Property”), in consideration for payment of rent and any delivery and installation costs payable in connection therewith in the amounts (each, a “Lease Payment”), and on the dates specified in the schedule of payment substantially in the form attached as Exhibit 1 to the Property Schedule (a “Payment Schedule”). With respect to each Property Schedule, as of each Commencement Date (as defined in Section 1.3 below), Lessor will be deemed to lease to Lessee, and Lessee will be deemed to lease from Lessor, the Property described in such Property Schedule in accordance with this Agreement and such Property Schedule, for the Lease Term (as defined in Section 1.3 below). On or before execution of the first Master Lease Purchase Agreement between Lessee and Lessor, Lessee will provide, in completed and executed form, an opinion of Lessee’s legal counsel, substantially in the form attached as Exhibit 2 to the Property Schedule (the “Opinion of Counsel”). Upon delivery and installation of Property hereunder, subject to and in accordance with the terms and conditions of Section 1.4 below, Lessee will provide, in completed and executed form, a certificate of final acceptance substantially in the form attached hereto as Exhibit 3 to the Property Schedule (the “Certificate of Final Acceptance”).
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