Lessee Representations Warranties and Covenants. Lessee represents and warrants that the Equipment is free and clear of all claims, liens, security interests or other encumbrances or interests of any party. Lessee shall cause to be executed and delivered any and all such lien terminations, lien releases, reconveyances and like instruments and agreements from any party which has filed or recorded any instrument or filing which could give such party a claim against any of the Equipment or from any other party as Lessor may require. Lessee further agrees that it shall be solely responsible for, and shall make all payment of, any sales, use, property or other tax liability ("Taxes") arising for the account of Lessor or Lessee in connection with the sale and lease back transaction contemplated by this Rider.
Appears in 1 contract