Common use of Lease Proceeds Clause in Contracts

Lease Proceeds. The Lease Proceeds that Lessor shall pay to the Escrow Agent in connection with this Schedule is $ , which $ is for deposit into the Escrow Account. It is expected that by [six (6)] [twelve (12)] [eighteen (18)] months from the date of this Schedule No. , Lessee will have taken possession of all items of Equipment shown above and that the Lessee’s final Disbursement Request pursuant to the Escrow Agreement will be signed by Lessee, approved by Lessor and delivered to the Escrow Agent on or before [six (6)] [twelve (12)] [eighteen (18)] months from the date of this Schedule. OR IF VENDOR PAID DIRECTLY USE:

Appears in 3 contracts

Samples: Master Equipment Lease/Purchase Agreement, Master Equipment Lease/Purchase Agreement, Master Equipment Lease/Purchase Agreement

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Lease Proceeds. The Lease Proceeds that Lessor shall pay to the Escrow Agent in connection with this Schedule is $ , which $ is for deposit into the Escrow Account. It is expected that by [six (6)] [twelve (12)] [eighteen (18)] months from the date of this Schedule No. , Lessee will have taken possession of all items of Equipment shown above and that the Lessee’s final Disbursement Request pursuant to the Escrow Agreement will be signed by Lessee, approved by Lessor and delivered to the Escrow Agent on or before [six (6)] [twelve (12)] [eighteen (18)] months from the date of this Schedule. OR IF VENDOR PAID DIRECTLY USEOr If Vendor Paid Directly Use:

Appears in 1 contract

Samples: Master Equipment Lease/Purchase Agreement

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