Lease to Xxxx; Repair and Replacement of Included Manufacturing Equipment Sample Clauses

Lease to Xxxx; Repair and Replacement of Included Manufacturing Equipment. (a) The Seal Parties hereby lease to Xxxx for the rental amount of one dollar ($1.00), the equipment and tooling required to perform the Xxxx Services (as hereinafter defined) (the "Leased Graphics Products Equipment") during the Graphics Transition Period, unless this Agreement is terminated at an earlier date pursuant to the provisions of Section 6.3 hereof. (b) Xxxx hereby leases to the Seal Parties for the rental amount of one dollar ($1.00) the equipment, tools and other assets used in the production of the Framing Products (the "Leased Framing Products Equipment") during the Framing Transition Period, unless this Agreement is terminated at an earlier date pursuant to the provisions of Section 6.3 hereof. (c) During the term of this Agreement, Xxxx shall (i) perform routine maintenance on the Leased Graphics Products Equipment utilized by Xxxx in accordance with the terms hereof and, at the Seal Parties' expense, shall promptly repair any item of Leased Graphics Products Equipment, which has experienced excessive wear or damage, and (ii) perform routine maintenance on the Leased Framing Products Equipment utilized by the Seal Parties in accordance with the terms hereof and, at its own expense, shall promptly repair any item of Leased Framing Products Equipment which has experienced excessive wear or damage. (d) Upon the expiration or termination of this Agreement, Xxxx shall remove the Leased Framing Products Equipment from the Wisconsin Facility as promptly as reasonably practicable. The Seal Parties shall reasonably cooperate with Xxxx during Xxxx'x removal of such Leased Framing Products Equipment from the Wisconsin Facility. Such removal shall be undertaken during normal business hours and without material disruption to the operation of the Business. (e) Upon the expiration or termination of this Agreement, the Seal Parties shall remove the Leased Graphics Products Equipment from the Statesville Facility as promptly as reasonably practicable. Xxxx shall reasonably cooperate with the Seal Parties during the Seal Parties' removal of such Leased Graphics Products Equipment from the Statesville Facility. Such removal shall be undertaken during normal business hours and without material disruption to the business operations of Xxxx at the Statesville Facility.
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